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

Rhea-AI Filing Summary

Aeva Technologies, Inc. (AEVA) filed an SEC Form 4 disclosing that Chief Financial Officer Saurabh Sinha executed an automatic sale of 10,123 common shares on 07/01/2025 at a price of $31.0879 per share.

The filing states the transaction was non-discretionary and conducted solely to satisfy tax-withholding obligations linked to the settlement of time-based restricted stock units. After the sale, Sinha directly holds 992,949 shares of AEVA common stock. No derivative security activity or additional insider transactions were reported.

Because the disposition was mandated for tax purposes and involves a relatively small portion of the executive’s total holdings, the event is generally viewed as administrative in nature rather than a signal of changing sentiment. Investors may still monitor further insider activity for confirmation of management’s outlook.

Positive

• Sale was automatic and limited to tax withholding, indicating no discretionary reduction of ownership.

Negative

• Insider selling, even for tax purposes, can be perceived negatively by some investors monitoring executive activity.

Insights

Securities Analyst

TL;DR Minor, tax-related insider sale by AEVA CFO; neutral market impact.

The Form 4 shows CFO Saurabh Sinha sold 10,123 shares solely to cover RSU tax liabilities, leaving him with 992,949 shares. The sale appears routine and non-discretionary, thus providing limited insight into management’s confidence or company fundamentals. As no derivatives or additional sales were reported, the filing is not materially impactful for valuation or near-term trading but does add to public transparency of insider holdings.

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).

X

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^*

Ling Winnie

(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 LEGAL AND PEOPLE

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

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	07/03/2025		S(1)		8,000	D	$3.5	384,018	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

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025.

	/s/ Winnie Ling	07/03/2025
	** 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

How many AEVA shares did CFO Saurabh Sinha sell?

He disposed of 10,123 common shares.

What was the transaction date on the AEVA Form 4?

The sale occurred on July 1, 2025.

Why were the AEVA shares sold?

The shares were automatically sold to cover tax withholding for vested restricted stock units.

How many AEVA shares does the CFO now own?

Following the sale, Sinha directly owns 992,949 shares.

Was there any derivative security activity reported?

No, Table II shows no derivative transactions linked to this filing.