Blend Labs, Inc. — Director's Dealing 2025

Feb 22, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blend Labs, Inc. (BLND)
CIK: 0001855747
Period of Report: 2025-02-20

Reporting Person: Ling Winnie (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-20	Class A Common Stock	M	25000	—	Acquired	328781	Direct
2025-02-20	Class A Common Stock	M	50000	—	Acquired	378781	Direct
2025-02-20	Class A Common Stock	F	28722	$3.99	Disposed	350059	Direct
2025-02-20	Class A Common Stock	S	10000	$3.9146	Disposed	340059	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-20	Restricted Stock Units	$	M	25000	Disposed		Class A Common Stock (25000)	Direct
2025-02-20	Restricted Stock Units	$	M	50000	Disposed		Class A Common Stock (50000)	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: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 7, 2024.

F4: This sale price represents the weighted average sale price of the shares sold ranging from $3.87 to $3.95 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

F5: 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.