Blend Labs, Inc. — Director's Dealing 2023

Mar 15, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blend Labs, Inc. (BLND)
CIK: 0001855747
Period of Report: 2023-03-13

Reporting Person: Jafari Amir (Head of Finance and Admin.)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-13	Restricted Stock Units	$	A	2000000	Acquired		Class A Common Stock (2000000)	Direct
2023-03-13	Performance-based Restricted Stock Units	$	A	1000000	Acquired		Class A Common Stock (1000000)	Direct

Footnotes

F1: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.

F2: 25% of the RSUs will vest on February 20, 2024 and the remaining RSUs will vest in equal quarterly increments over a three year period, subject to the Reporting Person continuing to be a Service Provider through each such date.

F3: Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of BLND Class A Common Stock.

F4: The PSUs are eligible to vest in four (4) equal tranches based on the Company's stock price performance over a five year performance period, subject to the Reporting Person continuing to be a Service Provider through each such date.