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

Rhea-AI Filing Summary

Blend Labs director Bryan Edmund Sullivan exercised 50,000 Restricted Stock Units (RSUs) into 50,000 shares of Class A Common Stock on June 11, 2026. The RSUs represented a right to receive one share of Class A stock per unit and vested based on continued service and the company’s annual meeting schedule. After this exercise, Sullivan directly holds 100,000 shares of Blend Labs Class A Common Stock. The filing reports no open-market purchases or sales and reflects a compensation-related derivative exercise.

Insider Trade Summary

50,000 shares exercised/converted

Mixed 2 txns

Insider Sullivan Bryan Edmund

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 — 100,000 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 exercised: 50,000 units Shares received from RSUs: 50,000 shares Holdings after transaction: 100,000 shares +2 more

5 metrics

RSUs exercised 50,000 units Restricted Stock Units converted to Class A Common Stock on June 11, 2026

Shares received from RSUs 50,000 shares Class A Common Stock issued upon RSU conversion

Holdings after transaction 100,000 shares Total Class A Common Stock held directly by Sullivan after exercise

RSU-to-share ratio 1:1 Each RSU represents one share of Class A Common Stock

Exercise transactions 1 transaction Single derivative exercise event reported in Form 4

Key Terms

Restricted Stock Unit ("RSU"), contingent right, Service Provider, derivative exercise/conversion

4 terms

Restricted Stock Unit ("RSU") financial

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

contingent right financial

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

Service Provider financial

"subject to the Reporting Person continuing to be a Service Provider through the applicable vesting date."

derivative exercise/conversion financial

"transaction_action: derivative exercise/conversion"

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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^*

Sullivan Bryan Edmund

(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)	100,000	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 Bryan Edmund Sullivan?

Blend Labs reported that director Bryan Edmund Sullivan exercised 50,000 Restricted Stock Units into 50,000 shares of Class A Common Stock. This was a compensation-related derivative exercise, not an open-market buy or sell transaction, and increased his direct holdings to 100,000 shares.

How many Blend Labs (BLND) shares does Bryan Edmund Sullivan hold after this Form 4?

Following the RSU exercise, Bryan Edmund Sullivan directly holds 100,000 shares of Blend Labs Class A Common Stock. This total reflects conversion of 50,000 vested Restricted Stock Units into shares and does not include any remaining derivative securities in this filing.

What are the key details of the 50,000 RSUs reported by Blend Labs (BLND)?

Each of the 50,000 Restricted Stock Units represented a contingent right to receive one share of Blend Labs Class A Common Stock. The RSUs vested based on the earlier of one year after grant or the day before the next annual shareholder meeting, subject to continued service.

Did the Blend Labs (BLND) Form 4 show any stock sales by Bryan Edmund Sullivan?

The Form 4 did not show any open-market stock sales by Bryan Edmund Sullivan. It reported a derivative exercise, where 50,000 Restricted Stock Units converted into 50,000 Class A shares, a standard equity compensation event rather than a discretionary sale or purchase.

How did the RSUs for Blend Labs (BLND) director Bryan Edmund Sullivan vest?

The RSUs vested on the earlier of the one-year anniversary of the grant date or the day before Blend Labs’ next annual shareholder meeting. Vesting was conditioned on Sullivan continuing to be a Service Provider through the applicable vesting date, aligning compensation with ongoing service.