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Blend Labs, Inc. — Director's Dealing 2024
Feb 22, 2024
32251_dirs_2024-02-22_b0365c98-0040-4fb5-a643-a1b0bc6b6d5b.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: 2024-02-20
Reporting Person: Jafari Amir (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-20 | Class A Common Stock | M | 500000 | — | Acquired | 581610 | Direct |
| 2024-02-20 | Class A Common Stock | M | 37500 | — | Acquired | 619110 | Direct |
| 2024-02-20 | Class A Common Stock | F | 228214 | $3.1 | Disposed | 390896 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-20 | Restricted Stock Units | $ | M | 500000 | Disposed | Class A Common Stock (500000) | Direct | |
| 2024-02-20 | Restricted Stock Units | $ | M | 37500 | Disposed | Class A Common Stock (37500) | Direct |
Footnotes
F1: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
F2: Shares were withheld to cover tax obligations in connection with the vesting of RSUs.
F3: 25% of the RSUs vested 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.
F4: The RSUs will vest in equal quarterly increments over a two year period, subject to the Reporting Person continuing to be a Service Provider through each such date.