Jafari Amir 4

4 · Blend Labs, Inc. · Filed Mar 14, 2025

Form 4

Period: 2025-03-13

HEAD OF FINANCE AND ADMIN.

Transactions

Disposition to Issuer
Performance-based Restricted Stock Units.
2025-03-13−750,000→ 0 total
→ Class A Common Stock (750,000 underlying)
Disposition to Issuer
Performance-based Restricted Stock Units
2025-03-13−150,000→ 0 total
→ Class A Common Stock (150,000 underlying)
Award
Restricted Stock Units
2025-03-13+750,000→ 750,000 total
→ Class A Common Stock (750,000 underlying)
Award
Performance-based Restricted Stock Units
2025-03-13+1,300,000→ 1,300,000 total
→ Class A Common Stock (1,300,000 underlying)

Footnotes (7)

[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.

Documents

1 file