Form 4 for BLND Blend Labs, Inc.
Accepted 2022-12-12 00:00:00 ET · period of report 2022-12-08 · accession 0001209191-22-060772 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-12-12 | 2022-12-08+ | BLND | Ghamsari Nima | Head of Blend, Dir | J - Other | $0.00 | +1.91M | 970.9K | New | $0 |
| DM | 2022-12-12 | 2022-12-08+ | BLND | Ghamsari Nima | Head of Blend, Dir | S - Sale | $1.18 | -1.91M | 0 | -100% | -$2.26M |
| DM | 2022-12-12 | 2022-12-08+ | BLND | Ghamsari Nima | Head of Blend, Dir | J - Other | $0.00 | -1.91M | 10.22M | -16% | $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 | 2022-12-09 | J | A | 175,772 | $0.00 | 175,772 | D | — | — | |
| 2 | Common | Class A Common Stock | 2022-12-09 | S | D | 175,772 | $1.24 | 0 | D | — | — | (F2) This sale price represents the weighted average sale price of the shares sold ranging from $1.23 to $1.285 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 | Common | Class A Common Stock | 2022-12-12 | J | A | 766,092 | $0.00 | 766,092 | D | — | — | |
| 4 | Common | Class A Common Stock | 2022-12-12 | S | D | 766,092 | $1.26 | 0 | D | — | — | (F3) This sale price represents the weighted average sale price of the shares sold ranging from $1.25 to $1.3175 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. |
| 5 | Common | Class A Common Stock | 2022-12-08 | J | A | 970,874 | $0.00 | 970,874 | D | — | — | |
| 6 | Common | Class A Common Stock | 2022-12-08 | S | D | 970,874 | $1.11 | 0 | D | — | — | (F1) This sale price represents the weighted average sale price of the shares sold ranging from $1.09 to $1.155 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. |
| 7 | Derivative | Class B Common Stock | 2022-12-09 | J | D | 175,772 | $0.00 | 10,986,685 | D | — · — to — | 175,772 Class A Common Stock | (F7) 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 December 9, 2022, the Reporting Person sold the shares 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. (F6) 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. (F4) 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. |
| 8 | Derivative | Class B Common Stock | 2022-12-08 | J | D | 970,874 | $0.00 | 11,162,457 | D | — · — to — | 970,874 Class A Common Stock | (F5) 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 December 8, 2022, the Reporting Person sold the shares 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. (F6) 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. (F4) 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. |
| 9 | Derivative | Class B Common Stock | 2022-12-12 | J | D | 766,092 | $0.00 | 10,220,593 | D | — · — to — | 766,092 Class A Common Stock | (F8) 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 December 12, 2022, the Reporting Person sold the shares 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. (F6) 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. (F4) 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. |