Jafari Amir 4
4 · Blend Labs, Inc. · Filed Dec 23, 2024
Insider Transaction Report
Form 4
Blend Labs, Inc.BLND
Jafari Amir
HEAD OF FINANCE AND ADMIN.
Transactions
- Exercise/Conversion
Performance-based Restricted Stock Units
2024-12-20−50,000→ 150,000 total→ Class A Common Stock (50,000 underlying) - Tax Payment
Class A Common Stock
2024-12-20$4.70/sh−152,040$714,588→ 809,623 total - Exercise/Conversion
Class A Common Stock
2024-12-20+250,000→ 911,663 total - Exercise/Conversion
Class A Common Stock
2024-12-20+50,000→ 961,663 total - Exercise/Conversion
Performance-based Restricted Stock Units
2024-12-20−250,000→ 750,000 total→ Class A Common Stock (250,000 underlying)
Footnotes (4)
- [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.