Filing Details
- Accession Number:
- 0001415889-24-013243
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-05-15 16:45:52
- Reporting Period:
- 2024-05-13
- Accepted Time:
- 2024-05-15 16:45:52
- 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 | No | No | 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 | 2024-05-13 | 709,000 | $0.00 | 709,000 | No | 4 | J | Direct | |
| Class A Common Stock | Disposition | 2024-05-13 | 281,763 | $2.77 | 427,237 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2024-05-14 | 427,237 | $2.84 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | J | Direct | |
| No | 4 | S | 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 | 2024-05-13 | 709,000 | $0.00 | 709,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 8,275,319 | No | 4 | J | Direct |
Footnotes
- This sale price represents the weighted average sale price of the shares sold ranging from $2.705 to $2.81 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.
- This sale price represents the weighted average sale price of the shares sold ranging from $2.765 to $2.915 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.
- 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.
- 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 May 13, 2024 and May 14, 2024, 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.
- 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.
Billionaire Hedge Funds
