Filing Details

Accession Number:
0001209191-23-041014
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-07-05 16:16:13
Reporting Period:
2023-06-30
Accepted Time:
2023-07-05 16:16:13
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1855747 Blend Labs Inc. BLND Services-Computer Programming, Data Processing, Etc. (7370) 455211045
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1870974 Nima Ghamsari 415 Kearny St.
San Francisco CA 94108
Head Of Blend Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2023-06-30 153,531 $0.00 153,531 No 4 J Direct
Class A Common Stock Disposition 2023-06-30 153,531 $0.96 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Disposition 2023-06-30 153,531 $0.00 153,531 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
9,515,734 No 4 J Direct
Footnotes
  1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 14, 2022.
  2. This sale price represents the weighted average sale price of the shares sold ranging from $0.94 to $1.02 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.
  3. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date.
  4. All the shares of Class B Common Stock were previously pledged as collateral to secure certain personal indebtedness of the Reporting Person under a loan. On June 30, 2023, the Reporting Person sold the shares pursuant to a Rule 10b5-1 trading plan and used the proceeds to reduce the outstanding amount under the loan. The Reporting Person will make further sales of shares from time to time and use the proceeds to further reduce the outstanding amount under the loan as required under the loan documentation.
  5. The shares of Class B Common Stock held of record by the Reporting Person are pledged as collateral to secure certain personal indebtedness of the Reporting Person.