Director at Blend Labs (BLND) receives 50,000 shares from RSU vesting

Rhea-AI Filing Summary

Blend Labs, Inc. director Erin N. Lantz exercised 50,000 Restricted Stock Units, each representing one share of Class A Common Stock. This derivative exercise converted 50,000 RSUs into 50,000 shares at a stated price of $0.00 per share, reflecting stock-based compensation vesting. Following the transaction, Lantz directly holds 137,760 shares of Blend Labs Class A Common Stock.

Insights

Equity compensation analyst

Routine RSU vesting and share delivery for a Blend Labs director.

Director Erin N. Lantz exercised 50,000 Restricted Stock Units, receiving an equivalent number of Blend Labs Class A shares as part of her equity compensation. The transaction used code M, indicating a derivative exercise or conversion rather than an open-market purchase.

The filing shows no sales, gifts, or tax-withholding dispositions associated with this vesting event. After receiving these shares, Lantz directly owns 137,760 shares, and the derivativeSummary section indicates no remaining RSU position from this specific grant.

Insider Trade Summary

Net Buyer: 50,000 shares

Net Buy 2 txns

Insider Lantz Erin N

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	50,000	$0.00	$0.00
Exercise	Class A Common Stock	50,000	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Class A Common Stock — 137,760 shares (Direct)

Footnotes (2)

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 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: 50,000 shares Holdings after transaction: 137,760 shares +1 more

4 metrics

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

Shares received 50,000 shares Class A Common Stock delivered upon RSU exercise

Holdings after transaction 137,760 shares Direct Class A Common Stock owned by Erin N. Lantz after exercise

RSU conversion price $0.00 per unit Stated transaction and conversion price for RSUs

Key Terms

Restricted Stock Units, contingent right, derivative exercise/conversion, Service Provider

4 terms

Restricted Stock Units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right financial

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

derivative exercise/conversion financial

"transaction_action: "derivative exercise/conversion" for the RSU transaction."

Service Provider financial

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

FAQ

What did Blend Labs (BLND) director Erin N. Lantz report in this Form 4?

Erin N. Lantz reported exercising 50,000 Restricted Stock Units into 50,000 shares of Blend Labs Class A Common Stock. This reflects equity compensation vesting, not an open-market stock purchase or sale, and increased her direct holdings to 137,760 shares after the transaction.

How many Blend Labs shares does Erin N. Lantz hold after this RSU exercise?

After the RSU exercise, Erin N. Lantz directly holds 137,760 shares of Blend Labs Class A Common Stock. This total includes the 50,000 shares delivered upon conversion of Restricted Stock Units reported in the Form 4 transaction on June 11, 2026.

Were any Blend Labs shares sold in Erin N. Lantz’s latest Form 4 filing?

No shares were sold in this filing. The Form 4 only reports the exercise of 50,000 Restricted Stock Units into 50,000 shares of Class A Common Stock, with no sale, gift, or tax-withholding disposition transactions disclosed for the same date.

What does the 50,000 Restricted Stock Unit transaction mean for Blend Labs (BLND)?

The 50,000 Restricted Stock Unit transaction represents stock-based compensation vesting for a director. Each RSU converted into one share of Class A Common Stock, increasing the director’s direct share ownership but not indicating an open-market purchase or sale activity by her.

How are Restricted Stock Units described in the Blend Labs Form 4 footnotes?

The footnotes explain that each Restricted Stock Unit represents a contingent right to receive one share of Blend Labs Class A Common Stock. The RSUs vested based on a schedule tied to the grant anniversary or the day before the next annual shareholder meeting.

Did Erin N. Lantz have any remaining RSUs from this grant after the transaction?

No remaining RSUs from this grant are shown after the transaction. The derivative entry lists 50,000 Restricted Stock Units converting into 50,000 Class A shares, with zero derivative shares following the transaction, indicating the reported RSU position was fully settled.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/15/2026 - 04:10 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^*

Lantz Erin N

(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)	137,760	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)