Blend Labs head exercises RSUs, withholds shares for tax

Blend Labs, Inc. Head of Blend Nima Ghamsari reported routine equity compensation activity involving restricted stock units (RSUs).

Rhea-AI Filing Summary

Blend Labs, Inc. Head of Blend Nima Ghamsari reported routine equity compensation activity involving restricted stock units (RSUs). On May 20, 2026, RSUs converted into Class A common stock, and 241,701 shares valued at $1.48 per share were withheld to cover tax obligations. In total, 614,229 RSUs were exercised into common shares at a $0.00 conversion price as part of scheduled vesting over two- and four-year periods, rather than open-market buying or selling.

Insights

Equity compensation analyst

Routine RSU vesting with tax withholding, no open-market trades.

Head of Blend Nima Ghamsari reported RSU vesting that converted 614,229 restricted stock units into Class A common shares at a $0.00 conversion price. This reflects standard equity compensation, not discretionary buying.

To cover related taxes, 241,701 shares were withheld at $1.48 per share, coded as a tax-withholding disposition. No open‑market sales or purchases occurred, so the informational value for outside investors is limited and the activity appears routine.

Insider Trade Summary

614,229 shares exercised/converted

Exercise 7 txns

Insider Ghamsari Nima

Role HEAD OF BLEND

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	375,000	$0.00	$0.00
Exercise	Restricted Stock Units	125,000	$0.00	$0.00
Exercise	Restricted Stock Units	114,229	$0.00	$0.00
Exercise	Class A Common Stock	375,000	$0.00	$0.00
Exercise	Class A Common Stock	125,000	$0.00	$0.00
Exercise	Class A Common Stock	114,229	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	241,701	$1.48	$358K

Holdings After Transaction: Restricted Stock Units — 2,935,374 contracts (Direct); Class A Common Stock — 7,516,573 shares (Direct)

Footnotes (4)

1. F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
2. F2. Shares were withheld to cover tax obligations in connection with the vesting of RSUs.
3. F3. The RSUs will vest in equal quarterly increments over a four year period, subject to the Reporting Person continuing to be a Service Provider through each such date.
4. F4. 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.

Key Figures

Tax-withheld shares: 241,701 shares at $1.48 RSUs exercised: 614,229 units Conversion price: $0.00 per RSU +2 more

5 metrics

Tax-withheld shares 241,701 shares at $1.48 Shares withheld to cover tax obligations on RSU vesting

RSUs exercised 614,229 units Restricted stock units converted into Class A common stock

Conversion price $0.00 per RSU RSUs converting into one share of Class A common stock each

Four-year vesting schedule Quarterly over four years One RSU grant vests in equal quarterly increments

Two-year vesting schedule Quarterly over two years Another RSU grant vests in equal quarterly increments

Key Terms

Restricted Stock Unit, tax obligations, Service Provider, derivative exercise/conversion

4 terms

Restricted Stock Unit financial

"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

tax obligations financial

"Shares were withheld to cover tax obligations in connection with the vesting of RSUs."

Service Provider financial

"subject to the Reporting Person continuing to be a Service Provider through each such date."

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Blend Labs (BLND) Head of Blend Nima Ghamsari report on this Form 4?

Nima Ghamsari reported routine equity compensation activity. 614,229 RSUs vested and converted into Class A common stock, and some shares were withheld to cover taxes. There were no open-market purchases or sales disclosed in this filing.

How many Blend Labs (BLND) shares were withheld for taxes in this filing?

The filing shows 241,701 shares of Blend Labs Class A common stock were withheld to cover tax obligations at a price of $1.48 per share. This is reported under transaction code F, indicating tax-withholding rather than an open-market sale.

How many restricted stock units vested for Blend Labs (BLND) Head of Blend?

A total of 614,229 restricted stock units vested and were converted into Class A common stock at a $0.00 conversion price. These RSUs represent standard compensation that delivers one share of BLND Class A common stock for each vested unit.

Are the Blend Labs (BLND) insider transactions open-market buys or sells?

The transactions are not open-market buys or sells. They consist of RSU vesting (coded M for derivative exercise) and a tax-withholding disposition (coded F). Shares withheld for taxes settle obligations from vesting, rather than reflecting discretionary trading decisions.

How do the Blend Labs (BLND) RSUs vest for Nima Ghamsari?

The filing states RSUs vest in equal quarterly increments over four years for one grant and over two years for another. Vesting continues only while the reporting person remains a Service Provider, aligning equity compensation with ongoing service to the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/22/2026 - 04:10 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ghamsari Nima

(Last) (First) (Middle)

7250 REDWOOD BLVD., SUITE 300

(Street)

NOVATO CALIFORNIA 94945

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Blend Labs, Inc. [ BLND ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	HEAD OF BLEND

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/20/2026		M		375,000	A	(1)	7,519,045	D
Class A Common Stock	05/20/2026		M		125,000	A	(1)	7,644,045	D
Class A Common Stock	05/20/2026		M		114,229	A	(1)	7,758,274	D
Class A Common Stock	05/20/2026		F(2)		241,701	D	$1.48	7,516,573	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	05/20/2026		M			375,000	(3)	(3)	Class A Common Stock	375,000	$0	1,875,000	D
Restricted Stock Units	(1)	05/20/2026		M			125,000	(4)	(4)	Class A Common Stock	125,000	$0	375,000	D
Restricted Stock Units	(1)	05/20/2026		M			114,229	(4)	(4)	Class A Common Stock	114,229	$0	685,374	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.

2. Shares were withheld to cover tax obligations in connection with the vesting of RSUs.

3. The RSUs will vest in equal quarterly increments over a four year period, subject to the Reporting Person continuing to be a Service Provider through each such date.

4. 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.

	/s/ Kostian Ciko, Attorney-in-fact	05/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)