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Blend Labs, Inc. — Director's Dealing 2024
Dec 24, 2024
32251_dirs_2024-12-23_a117e2ce-f2ca-43f5-bc96-051de40f83d9.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Blend Labs, Inc. (BLND)
CIK: 0001855747
Period of Report: 2024-12-20
Reporting Person: Jafari Amir (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-12-20 | Class A Common Stock | M | 250000 | — | Acquired | 911663 | Direct |
| 2024-12-20 | Class A Common Stock | M | 50000 | — | Acquired | 961663 | Direct |
| 2024-12-20 | Class A Common Stock | F | 152040 | $4.7 | Disposed | 809623 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-12-20 | Performance-based Restricted Stock Units | $ | M | 250000 | Disposed | Class A Common Stock (250000) | Direct | |
| 2024-12-20 | Performance-based Restricted Stock Units | $ | M | 50000 | Disposed | Class A Common Stock (50000) | Direct |
Footnotes
F1: The reported transaction represents shares earned pursuant to a Performance-based Restricted Stock Unit ("PSU") award that vested on December 19, 2024. The performance achievement was certified by the Issuer's Compensation Committee on December 20, 2024.
F2: Shares were withheld to cover tax obligations in connection with the vesting of PSUs.
F3: Each 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.