[144] Blend Labs, Inc. SEC Filing
Blend Labs, Inc. (BLND) filed a Form 144 reporting a proposed sale of 20,000 common shares through Charles Schwab & Co., Inc. with an aggregate market value of $80,100.00. The shares represent a small portion of the company's outstanding common stock of 255,696,747 shares. The filing lists an approximate sale date of 09/05/2025. The shares were acquired on 06/10/2025 by restricted stock lapse from Blend Labs, Inc., and the consideration is listed as equity compensation. No related sales by the same person in the past three months are reported.
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Insights
TL;DR: Routine insider notice of planned sale of restricted shares; size is immaterial relative to outstanding stock.
The filing documents a notification under Rule 144 for the proposed sale of 20,000 common shares acquired by restricted stock lapse and designated as equity compensation. The broker is Charles Schwab & Co., Inc. Given the issuer's stated outstanding share count of 255,696,747, the proposed sale equals roughly 0.0078% of outstanding shares, indicating limited direct market impact. The filer reports no other sales in the prior three months, and the notice includes the standard representation about absence of undisclosed material adverse information.
TL;DR: Compliance-focused disclosure; represents standard post-vesting sale notification under Rule 144.
This Form 144 appears to be a compliance filing following lapse of restrictions on equity compensation. It records acquisition and planned disposition details required by Rule 144, including acquisition date, nature of acquisition, payment type, broker, and approximate sale date. The document contains no indication of negative governance events or unusual trading arrangements; it follows typical disclosure practice for insiders selling vested equity.