Blend Labs (NYSE: BLND) finance chief vests 550K RSUs
Rhea-AI Filing Summary
Blend Labs, Inc. (BLND) reported that officer Jason Ream, Head of Finance and Admin., had 550,000 Restricted Stock Units vest and convert into 550,000 shares of Class A Common Stock on August 20, 2026. In connection with this vesting, 133,926 shares were withheld at $1.50 per share to cover tax obligations. Following the transaction, Ream continues to hold 1,650,000 RSUs that will vest in equal quarterly installments over the next three years, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 416,074 shares
Net Buy
3 txns
Insider
Ream Jason
Role
Head of Finance and Admin.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 550,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 550,000 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 133,926 | $1.50 | $201K |
Holdings After Transaction:
Restricted Stock Units — 1,650,000 shares (Direct);
Class A Common Stock — 416,074 shares (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
- F2. Shares were withheld to cover tax obligations in connection with the vesting of RSUs.
- F3. 1/4th of the RSUs vested on August 20, 2026, and the remaining RSUs will vest in equal quarterly increments over the following three year period, subject to the Reporting Person continuing to be a Service Provider through each such date.
Key Figures
RSUs vested and converted: 550,000 RSUs / 550,000 shares
Shares withheld for taxes: 133,926 shares
Per-share value used for tax withholding: $1.50 per share
+3 more
6 metrics
RSUs vested and converted
550,000 RSUs / 550,000 shares
RSUs vested and converted into Class A Common Stock on August 20, 2026
Shares withheld for taxes
133,926 shares
Withheld to cover tax obligations upon RSU vesting
Per-share value used for tax withholding
$1.50 per share
Applied to 133,926 withheld shares in the tax-withholding transaction
RSUs remaining after transaction
1,650,000 RSUs
Restricted Stock Units held by Jason Ream following the August 20, 2026 vesting
Initial vested portion of RSUs
1/4 of RSUs
Portion of RSUs that vested on August 20, 2026
Remaining vesting period
3 years
Remaining RSUs vest in equal quarterly increments over three years, subject to service
Key Terms
Restricted Stock Units, Class A Common Stock, Payment of tax liability by delivering or withholding securities, Service Provider
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive"
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.
Class A Common Stock financial
"receive one share of BLND Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Payment of tax liability by delivering or withholding securities financial
"transaction_code_description":"Payment of tax liability by delivering or withholding"
Service Provider financial
"subject to the Reporting Person continuing to be a Service Provider"
FAQ
What insider transaction did BLND disclose for Jason Ream on this Form 4?
The filing reports that Jason Ream had 550,000 RSUs vest and convert into 550,000 shares of Blend Labs Class A Common Stock on August 20, 2026, with a portion of the resulting shares withheld to cover tax obligations.
What is the vesting schedule of Jason Ream’s RSUs at Blend Labs (BLND)?
According to the filing, 1/4 of the RSUs vested on August 20, 2026, and the remaining RSUs will vest in equal quarterly increments over the following three years, subject to Jason Ream continuing to be a Service Provider through each vesting date.
How many Blend Labs (BLND) RSUs does Jason Ream hold after this Form 4 event?
After the August 20, 2026 vesting, Jason Ream holds 1,650,000 Restricted Stock Units (RSUs) of Blend Labs, Inc., which are scheduled to vest in equal quarterly installments over the next three years, subject to continued service.
Was Jason Ream’s Blend Labs (BLND) Form 4 transaction part of a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming that the reported transactions were made pursuant to a Rule 10b5-1 trading plan, and the footnotes do not state otherwise.
AI-generated analysis. How Rhea-AI works. Not financial advice.
