Blend Labs director exercises 50,000 RSUs
Blend Labs, Inc. director Eric H. Woersching exercised restricted stock units to acquire 50,000 shares of Class A Common Stock on June 11, 2026.
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Form Type
4
Rhea-AI Filing Summary
Blend Labs, Inc. director Eric H. Woersching exercised restricted stock units to acquire 50,000 shares of Class A Common Stock on June 11, 2026. These RSUs represented a contingent right to receive one share of Class A stock per unit. After the transaction, he directly holds 80,000 Class A shares and no remaining RSUs from this grant. The RSUs vested after the earlier of one year from grant or just before the next annual shareholder meeting, contingent on his continued service.
Insider Trade Summary
50,000 shares exercised/converted
Exercise
2 txns
Insider
Woersching Eric H.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 50,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 50,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 80,000 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
- F2. The RSUs vested on the earlier of (i) the one year anniversary of the grant date, or (ii) the day prior to the date of the Issuer's next annual meeting of shareholders, subject to the Reporting Person continuing to be a Service Provider through the applicable vesting date.
Key Figures
RSUs converted: 50,000 units
Shares acquired from RSUs: 50,000 shares
Post-transaction Class A holdings: 80,000 shares
+2 more
5 metrics
RSUs converted
50,000 units
Restricted Stock Units exercised into Class A Common Stock on June 11, 2026
Shares acquired from RSUs
50,000 shares
Class A Common Stock received upon RSU conversion
Post-transaction Class A holdings
80,000 shares
Direct holdings after RSU exercise
RSU-to-share ratio
1:1
Each RSU represents one share of Class A Common Stock
Transaction date
June 11, 2026
Date of RSU exercise/conversion
Key Terms
Restricted Stock Units, RSU, Class A Common Stock, Service Provider
4 terms
Restricted Stock Units financial
"The RSUs vested on the earlier of (i) the one year anniversary of the grant date"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
Class A Common Stock financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Service Provider financial
"subject to the Reporting Person continuing to be a Service Provider through the applicable vesting date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Blend Labs (BLND) report for Eric H. Woersching?
Blend Labs reported that director Eric H. Woersching exercised restricted stock units to acquire 50,000 shares of Class A Common Stock. This was a conversion of equity compensation, not an open-market purchase or sale.
What did the 50,000 restricted stock units in Blend Labs (BLND) represent?
Each of the 50,000 restricted stock units represented a contingent right to receive one share of Blend Labs Class A Common Stock. Upon vesting and settlement, they were converted into 50,000 actual Class A shares for the director.
When did Eric H. Woersching’s RSUs in Blend Labs vest?
The RSUs vested on the earlier of the one-year anniversary of the grant date or the day before Blend Labs’ next annual meeting of shareholders. Vesting was conditioned on Woersching continuing as a service provider through the applicable vesting date.
Was Eric H. Woersching’s Blend Labs Form 4 transaction a market sale or purchase?
No, the Form 4 shows a derivative exercise, not an open-market trade. Woersching converted 50,000 restricted stock units into Class A Common Stock, reflecting equity compensation becoming actual shares rather than a market buy or sale.
Did Eric H. Woersching retain any Blend Labs RSUs after this transaction?
No, the filing shows zero restricted stock units remaining after the transaction. The 50,000 RSUs were fully converted into 50,000 shares of Class A Common Stock, updating his holdings to 80,000 Class A shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
