Blend Labs (NYSE: BLND) director converts 50,000 RSUs into Class A shares

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

Mixed 2 txns

Insider Woersching Eric H.

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	50,000	$0.00	--
Exercise	Class A Common Stock	50,000	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Class A Common Stock — 80,000 shares (Direct, null)

Footnotes (1)

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

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Form 4 Insider Transactions: What Each Field Means →

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^*

Woersching Eric H.

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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	06/11/2026		M		50,000	A	(1)	80,000	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)	06/11/2026		M			50,000	(2)	(2)	Class A Common Stock	50,000	$0	0	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. 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.

	/s/ Kostian Ciko, Attorney-in-fact	06/15/2026
	** 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)

FAQ

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.

How many Blend Labs Class A shares does Eric H. Woersching hold after this Form 4?

Following the RSU conversion, Eric H. Woersching directly holds 80,000 shares of Blend Labs Class A Common Stock. This reflects his updated equity position after receiving 50,000 shares from vested restricted stock units.

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.