Blend Labs grants RSUs to Head of Blend

Ghamsari Nima reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Ghamsari Nima reported acquisition or exercise transactions in this Form 4 filing.

Blend Labs, Inc. reported that Head of Blend and director Nima Ghamsari received equity awards in the form of restricted stock units. He was granted 913,832 Restricted Stock Units, each representing a contingent right to one share of BLND Class A common stock.

The RSUs vest in equal quarterly installments over two years, as long as he continues as a service provider. He also received 913,836 performance-based RSUs, which can vest in four equal tranches based on the company’s stock price performance through December 31, 2029, with continued service required.

Insider Trade Summary

Grant/Award: 1,827,668 shares

Grant/Award 2 txns

Insider Ghamsari Nima

Role HEAD OF BLEND

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	913,832	$0.00	$0.00
Grant/Award	Performance-based Restricted Stock Units	913,836	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 913,832 contracts (Direct); Performance-based Restricted Stock Units — 913,836 contracts (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. 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.
3. F3. Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of BLND Class A Common Stock.
4. F4. The PSUs are eligible to vest in four (4) equal tranches based on the Company's stock price performance over a performance period commencing on the grant date and ending December 31, 2029, subject to the Reporting Person continuing to be a Service Provider through each such date.

FAQ

What insider transaction did Blend Labs (BLND) report for Nima Ghamsari?

Blend Labs reported equity awards to Nima Ghamsari, its Head of Blend and director. He received 913,832 Restricted Stock Units and 913,836 performance-based Restricted Stock Units, each potentially converting into one share of BLND Class A common stock if the vesting conditions are met.

How many Restricted Stock Units did Nima Ghamsari receive from Blend Labs (BLND)?

Nima Ghamsari received 913,832 Restricted Stock Units from Blend Labs. Each RSU represents a contingent right to receive one share of BLND Class A common stock, vesting in equal quarterly increments over two years if he continues to serve the company.

What are the vesting terms for Nima Ghamsari’s RSUs at Blend Labs (BLND)?

The 913,832 RSUs granted to Nima Ghamsari vest in equal quarterly increments over a two-year period. Vesting is conditioned on him continuing to be a service provider to Blend Labs on each applicable vesting date throughout that two-year schedule.

What performance-based stock units did Blend Labs (BLND) grant to Nima Ghamsari?

Blend Labs granted Nima Ghamsari 913,836 performance-based Restricted Stock Units. Each PSU is a contingent right to one BLND Class A share, eligible to vest in four equal tranches based on the company’s stock price performance during a defined performance period.

Over what period can Nima Ghamsari’s performance-based RSUs at Blend Labs (BLND) vest?

The performance-based RSUs may vest over a performance period that starts on the grant date and ends on December 31, 2029. Vesting occurs in four equal tranches tied to stock price performance, requiring continued service through each vesting date.

What conditions must be met for Nima Ghamsari’s Blend Labs (BLND) equity awards to vest?

Both RSUs and performance-based RSUs require Nima Ghamsari to remain a service provider to Blend Labs. RSUs vest quarterly over two years, while PSUs vest in four tranches based on stock price performance through December 31, 2029, with continued service required.

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Accepted by SEC EDGAR 02/20/2026 - 05:21 PM 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 CA 94945

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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

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

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

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

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)	02/18/2026		A		913,832		(2)	(2)	Class A Common Stock	913,832	$0	913,832	D
Performance-based Restricted Stock Units	(3)	02/18/2026		A		913,836		(4)	(4)	Class A Common Stock	913,836	$0	913,836	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 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.

3. Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of BLND Class A Common Stock.

4. The PSUs are eligible to vest in four (4) equal tranches based on the Company's stock price performance over a performance period commencing on the grant date and ending December 31, 2029, subject to the Reporting Person continuing to be a Service Provider through each such date.

	/s/ Winnie Ling, Attorney-in-fact	02/20/2026
	** 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.