Blend Labs officer converts 100K RSUs for stock

Blend Labs, Inc. (BLND) reports that officer Matthew Christopher Thomson, Head of Revenue, had 100,000 Restricted Stock Units convert into an equal number of shares of Class A Common Stock on 2026-08-20.

Rhea-AI Filing Summary

Blend Labs, Inc. (BLND) reports that officer Matthew Christopher Thomson, Head of Revenue, had 100,000 Restricted Stock Units convert into an equal number of shares of Class A Common Stock on 2026-08-20. Following this, his reported direct RSU holdings were 1,400,000 units. In connection with this RSU vesting, 24,350 Class A shares were withheld at $1.50 per share to cover tax obligations. The RSUs associated with this award vest in equal quarterly increments over a four-year period, contingent on Thomson’s continued service.

Insider Trade Summary

100,000 shares exercised/converted

Exercise 3 txns

Insider Thomson Matthew Christopher

Role Head of Revenue

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F1, F3	100,000	$0.00	$0.00
Exercise	Class A Common Stock F1	100,000	--	--
Tax Withholding	Class A Common Stock F2	24,350	$1.50	$37K

Holdings After Transaction: Restricted Stock Units — 1,400,000 contracts (Direct); Class A Common Stock — 135,812 shares (Direct)

Footnotes (3)

1. F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
2. F2. Shares were withheld to cover tax obligations in connection with the vesting of RSUs.
3. F3. The RSUs will vest in equal quarterly increments over a four year period, subject to the Reporting Person continuing to be a Service Provider through each such date.

Key Figures

RSUs converted: 100,000 units Shares acquired from RSU conversion: 100,000 shares RSUs held after transaction: 1,400,000 units +3 more

6 metrics

RSUs converted 100,000 units Restricted Stock Units converted into Class A Common Stock on 2026-08-20

Shares acquired from RSU conversion 100,000 shares Class A Common Stock received upon RSU conversion on 2026-08-20

RSUs held after transaction 1,400,000 units Direct RSU holdings following the 2026-08-20 RSU transaction

Shares withheld for taxes 24,350 shares Class A Common Stock withheld to cover tax obligations on RSU vesting

Per-share value for withheld shares $1.50 per share Value used for the 24,350 shares withheld under code F

RSU vesting schedule Four years, equal quarterly increments RSUs vest quarterly over four years, subject to continued service

Key Terms

Restricted Stock Units, Class A Common Stock, RSU vesting, withheld to cover tax obligations, +1 more

5 terms

Restricted Stock Units financial

"Each Restricted Stock Unit ("RSU") represents a contingent right"

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

"to 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.

RSU vesting financial

"in connection with the vesting of RSUs"

RSU vesting is the process by which restricted stock units — a promise by a company to give shares to an employee — become actual, owned shares over time or when certain goals are met. Investors care because vested shares can dilute existing ownership when issued, and the timing of vesting affects when employees can sell shares, which can influence share supply, insider selling patterns, and company incentives.

withheld to cover tax obligations financial

"Shares were withheld to cover tax obligations in connection"

quarterly increments financial

"will vest in equal quarterly increments over a four year period"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did BLND officer Matthew Christopher Thomson report on August 20, 2026?

Thomson reported the conversion of 100,000 RSUs into Class A Common Stock and the withholding of 24,350 shares of Class A Common Stock at $1.50 per share to cover tax obligations related to the RSU vesting.

How many Blend Labs (BLND) RSUs did Matthew Christopher Thomson have after the reported transaction?

After the RSU conversion on 2026-08-20, Thomson’s reported direct holdings of Restricted Stock Units were 1,400,000 units, each representing a contingent right to receive one share of BLND Class A Common Stock.

What does the Code M transaction mean in the BLND Form 4 for Matthew Christopher Thomson?

The Code M transactions reflect the exercise or conversion of derivative securities, specifically 100,000 RSUs converting into 100,000 shares of BLND Class A Common Stock on 2026-08-20.

Why were 24,350 Blend Labs (BLND) shares withheld in Matthew Christopher Thomson’s Form 4?

The 24,350 shares of BLND Class A Common Stock were withheld to cover tax obligations arising from the vesting of RSUs, at a stated value of $1.50 per share, reported under transaction code F.

How do Matthew Christopher Thomson’s Blend Labs (BLND) RSUs vest over time?

The RSUs vest in equal quarterly increments over four years, subject to Thomson continuing to be a service provider through each vesting date, meaning remaining tranches depend on his ongoing service.

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

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Available on EDGAR 08/24/2026 - 05:01 PM EDT Accepted by SEC EDGAR 08/24/2026 - 05:00 PM EDT 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^*

Thomson Matthew Christopher

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026

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	08/20/2026		M		100,000	A	(1)	160,162	D
Class A Common Stock	08/20/2026		F(2)		24,350	D	$1.5	135,812	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)	08/20/2026		M			100,000	(3)	(3)	Class A Common Stock	100,000	$0	1,400,000	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 four year period, subject to the Reporting Person continuing to be a Service Provider through each such date.

	/s/ Kostian Ciko, Attorney-in-fact	08/24/2026
	** 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)