Blend Labs (NYSE: BLND) converts 100K RSUs, withholds 24K shares for taxes
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 75,650 shares
Net Buy
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 shares (Direct);
Class A Common Stock — 135,812 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. 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
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.
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.
