[Form 4] Blend Labs, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Blend Labs insider filing shows grants and tax-withholding on RSUs for Head of Revenue. Brian Kneafsey, an officer and Director-level reporting person, received 75,000 restricted stock units (RSUs) on 08/20/2025 that convert one-for-one into Class A common stock. 33,689 shares were withheld to cover tax obligations at a price of $3.01 per share. Following the transactions, the filing reports 771,598 shares beneficially owned after the RSU grant and 737,909 shares after the withholding. The RSUs vest in equal quarterly installments over two years, subject to continued service.

Positive

• 75,000 RSU grant documented, aligning executive compensation with shareholder equity
• Clear vesting schedule: RSUs vest in equal quarterly increments over two years, subject to continued service
• Tax withholding executed (33,689 shares withheld) to satisfy obligations, reducing administrative complexity

Negative

• Reported beneficial ownership decreased from 771,598 to 737,909 shares due to share withholding for taxes

Insights

Financial Analyst

TL;DR: Officer received time‑based RSUs; modest share withholding for taxes; vesting spreads over two years.

The filing documents a standard equity compensation event: a grant of 75,000 RSUs that convert to Class A shares one-for-one and will vest quarterly over two years. The company withheld 33,689 shares to satisfy tax obligations at $3.01 per share, reducing reported beneficial ownership from 771,598 to 737,909 shares. This is a routine compensation and withholding mechanics disclosure with no additional financial metrics provided.

Corporate Governance Expert

TL;DR: Governance disclosure is complete for the transaction and confirms service‑based vesting conditions.

The Form 4 clearly identifies the reporting person, role (Head of Revenue), transaction codes, and vesting schedule: RSUs vest in equal quarterly increments over two years conditioned on continued service. The filing includes tax withholding details and a dated signature by an attorney‑in‑fact, meeting typical Section 16 reporting requirements. No amendments or unusual clauses are noted.

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
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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^*

Kneafsey Brian

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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
Class A Common Stock	08/20/2025		M		75,000	A	(1)	771,598	D
Class A Common Stock	08/20/2025		F(2)		33,689	D	$3.01	737,909	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)	08/20/2025		M			75,000	(3)	(3)	Class A Common Stock	75,000	$0	150,000	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 two year period, subject to the Reporting Person continuing to be a Service Provider through each such date.

	/s/ Winnie Ling, Attorney-in-fact	08/22/2025
	** 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.

FAQ

What did Brian Kneafsey acquire according to the Form 4 for BLND?

The Form 4 reports a grant of 75,000 restricted stock units (RSUs) on 08/20/2025 that convert one-for-one into BLND Class A common stock.

How many shares were withheld to cover taxes and at what price?

The filing shows 33,689 shares were withheld to cover tax obligations at a reported price of $3.01 per share.

What is Brian Kneafsey's role at Blend Labs as stated in the filing?

The reporting person is identified as Head of Revenue and the Form 4 is filed by one reporting person.

How will the RSUs vest?

The RSUs will vest in equal quarterly increments over a two year period, subject to the reporting person remaining a service provider through each vesting date.

What were the reported beneficial ownership totals after the transactions?

The filing reports 771,598 shares beneficially owned following the RSU grant and 737,909 shares following the withholding transaction.