Blend Labs (NYSE: BLND) Head of Revenue exercises RSUs, withholds shares for tax

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Blend Labs, Inc. Head of Revenue Matthew Christopher Thomson reported routine equity compensation activity involving Class A Common Stock and Restricted Stock Units (RSUs). He exercised derivative securities covering 100,000 shares of Class A Common Stock, with each RSU representing a contingent right to one share.

In connection with the RSU vesting, 24,797 shares of Class A Common Stock were withheld at $1.48 per share to cover tax obligations, a non‑market disposition. Following these transactions, he directly holds 75,203 shares of Class A Common Stock and 1,500,000 RSUs, which vest in equal quarterly increments over four years while he continues as a service provider.

Insider Trade Summary

100,000 shares exercised/converted

Mixed 3 txns

Insider Thomson Matthew Christopher

Role Head of Revenue

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	100,000	$0.00	--
Exercise	Class A Common Stock	100,000	$0.00	--
Tax Withholding	Class A Common Stock	24,797	$1.48	$37K

Holdings After Transaction: Restricted Stock Units — 1,500,000 shares (Direct, null); Class A Common Stock — 100,000 shares (Direct, null)

Footnotes (1)

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock. Shares were withheld to cover tax obligations in connection with the vesting of RSUs. 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.

Key Figures

RSU exercise shares: 100,000 shares Shares withheld for taxes: 24,797 shares Tax withholding price: $1.48 per share +2 more

5 metrics

RSU exercise shares 100,000 shares Class A Common Stock acquired via derivative exercise

Shares withheld for taxes 24,797 shares Withheld in connection with RSU vesting

Tax withholding price $1.48 per share Value applied to withheld shares

Common shares held after 75,203 shares Direct Class A Common Stock ownership after transactions

RSUs held after 1,500,000 RSUs Restricted Stock Units vesting over four years

Key Terms

Restricted Stock Unit ("RSU"), tax obligations, derivative security, Service Provider

4 terms

Restricted Stock Unit ("RSU") financial

"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"

tax obligations financial

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

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Service Provider financial

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

Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 04:10 PM

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^*

Thomson Matthew Christopher

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Head of Revenue

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/20/2026		M		100,000	A	⁽¹⁾	100,000	D
Class A Common Stock	05/20/2026		F⁽²⁾		24,797	D	$1.48	75,203	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	05/20/2026		M			100,000	⁽³⁾	⁽³⁾	Class A Common Stock	100,000	$0	1,500,000	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.

	/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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Blend Labs (BLND) report for Matthew Christopher Thomson?

Blend Labs reported that Head of Revenue Matthew Christopher Thomson exercised derivative securities for 100,000 Class A shares and had 24,797 shares withheld to cover RSU-related tax obligations, reflecting routine compensation-driven equity activity rather than open-market buying or selling.

How many Blend Labs (BLND) shares were withheld for taxes in this Form 4?

The filing shows 24,797 shares of Blend Labs Class A Common Stock were withheld at $1.48 per share to satisfy tax obligations arising from RSU vesting, a non-market disposition commonly used to cover income tax liabilities on equity awards.

How many Blend Labs (BLND) shares does Matthew Christopher Thomson hold after these transactions?

After these transactions, Matthew Christopher Thomson directly holds 75,203 shares of Blend Labs Class A Common Stock. The Form 4 also reports that he continues to hold 1,500,000 Restricted Stock Units, which vest over time as part of his compensation package.

What RSU position does the Blend Labs (BLND) Head of Revenue retain after the reported Form 4?

The Form 4 states that Matthew Christopher Thomson holds 1,500,000 Restricted Stock Units, each representing a contingent right to one Class A share. These RSUs vest in equal quarterly installments over four years, contingent on his continued service with Blend Labs.

Does the Blend Labs (BLND) Form 4 show open-market buying or selling by the insider?

No open-market purchases or sales are shown. The filing details an exercise of derivative securities for 100,000 shares and a tax-withholding disposition of 24,797 shares, both tied to RSU vesting rather than discretionary trading in Blend Labs stock.