Form 4 for BLND Blend Labs, Inc.
Accepted 2021-07-22 00:00:00 ET · period of report 2021-07-20 · accession 0001209191-21-047813 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-07-22 | 2021-07-20 | BLND | Ghamsari Nima | CEO, Dir | J - Other | — | -6.31M | 0 | -100% | — |
| D | 2021-07-22 | 2021-07-20 | BLND | Ghamsari Nima | CEO, Dir | C - Cnv Deriv | — | +345.8K | 6.31M | +6% | — |
| D | 2021-07-22 | 2021-07-20 | BLND | Ghamsari Nima | CEO, Dir | C - Cnv Deriv | $0.00 | -345.8K | 0 | -100% | $0 |
| D | 2021-07-22 | 2021-07-20 | BLND | Ghamsari Nima | CEO, Dir | J - Other | $0.00 | +6.31M | 12.88M | +96% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-07-20 | J | D | 6,312,498 | — | 0 | D | — | — | (F2) Immediately prior to the closing of the IPO, the Reporting Person's shares of Class A Common Stock were exchanged at a 1:1 ratio for shares of Class B Common Stock in a transaction previously approved by the Issuer's board of directors. 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. |
| 2 | Common | Class A Common Stock | 2021-07-20 | C | A | 345,833 | — | 6,312,498 | D | — | — | (F1) Each share of Founders Preferred Stock was converted into one share of Class A Common Stock prior to the completion of the Issuer's initial public offering of Class A Common Stock (the "IPO"), and immediately prior to the closing of the IPO, such shares of Class A Common Stock were exchanged at a 1:1 ratio for shares of Class B Common Stock. 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. |
| 3 | Derivative | Founders Preferred Stock | 2021-07-20 | C | D | 345,833 | $0.00 | 0 | D | — · — to — | 345,833 Class A Common Stock | (F1) Each share of Founders Preferred Stock was converted into one share of Class A Common Stock prior to the completion of the Issuer's initial public offering of Class A Common Stock (the "IPO"), and immediately prior to the closing of the IPO, such shares of Class A Common Stock were exchanged at a 1:1 ratio for shares of Class B Common Stock. 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 | Derivative | Class B Common Stock | 2021-07-20 | J | A | 6,312,498 | $0.00 | 12,883,331 | D | — · — to — | 6,312,498 Class A Common Stock | (F2) Immediately prior to the closing of the IPO, the Reporting Person's shares of Class A Common Stock were exchanged at a 1:1 ratio for shares of Class B Common Stock in a transaction previously approved by the Issuer's board of directors. 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. |