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Blend Labs, Inc. — Director's Dealing 2025
Mar 14, 2025
32251_dirs_2025-03-14_b6a0d492-ea3c-4df8-89ce-882ab3717032.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: 2025-03-13
Reporting Person: Jafari Amir (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-13 | Performance-based Restricted Stock Units. | $ | D | 750000 | Disposed | Class A Common Stock (750000) | Direct | |
| 2025-03-13 | Performance-based Restricted Stock Units | $ | D | 150000 | Disposed | Class A Common Stock (150000) | Direct | |
| 2025-03-13 | Performance-based Restricted Stock Units | $ | A | 1300000 | Acquired | Class A Common Stock (1300000) | Direct | |
| 2025-03-13 | Restricted Stock Units | $ | A | 750000 | Acquired | Class A Common Stock (750000) | Direct |
Footnotes
F1: Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of BLND Class A Common Stock.
F2: The PSUs were 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.
F3: On March 13, 2025, the Issuer canceled 750,000 PSUs granted to the Reporting Person on March 13, 2023. In exchange, the Reporting Person received an aggregate of 1,300,000 replacement PSUs.
F4: On March 13, 2025, the Issuer canceled 150,000 PSUs granted to the Reporting Person on August 23, 2023. In exchange, the Reporting Person received an aggregate of 1,300,000 replacement PSUs.
F5: The PSUs are eligible to vest in four (4) equal tranches based on the Company's stock price performance over a performance period commencing on the grant date and ending December 31, 2029, subject to the Reporting Person continuing to be a Service Provider through each such date.
F6: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
F7: 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.