Blend Labs (NYSE: BLND) awards RSUs and long-term PSUs to legal chief

Rhea-AI Filing Summary

Ling Winnie reported acquisition or exercise transactions in this Form 4 filing.

Blend Labs, Inc. reported that its Head of Legal and People, Winnie Ling, received equity awards in the form of restricted stock units. She was granted 313,312 Restricted Stock Units, which will vest in equal quarterly installments over two years while she remains a service provider.

She also received 78,328 Performance-based Restricted Stock Units. These are eligible to vest in four equal tranches based on the company’s stock price performance through December 31, 2029, again conditioned on her continued service.

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

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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^*

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)
02/18/2026

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

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)	02/18/2026		A		313,312		(2)	(2)	Class A Common Stock	313,312	$0	313,312	D
Performance-based Restricted Stock Units	(3)	02/18/2026		A		78,328		(4)	(4)	Class A Common Stock	78,328	$0	78,328	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 will vest in equal quarterly increments over a two year period, subject to the Reporting Person continuing to be a Service Provider through each such date.

3. Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of BLND Class A Common Stock.

4. The PSUs are eligible to vest in four (4) equal tranches based on the Company's stock price performance over a performance period commencing on the grant date and ending December 31, 2029, subject to the Reporting Person continuing to be a Service Provider through each such date.

	/s/ Winnie Ling	02/20/2026
	** 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.

FAQ

What insider transactions did BLND report for Winnie Ling?

Blend Labs reported that Head of Legal and People Winnie Ling received equity awards in restricted stock units. She was granted 313,312 time-based RSUs and 78,328 performance-based RSUs, both contingent on continued service with the company.

How many Restricted Stock Units did Winnie Ling receive from Blend Labs (BLND)?

Winnie Ling received 313,312 Restricted Stock Units from Blend Labs. These RSUs vest in equal quarterly increments over a two-year period, provided she continues as a service provider with the company during each applicable vesting date.

What are the terms of the performance-based RSUs granted by BLND?

Blend Labs granted Winnie Ling 78,328 Performance-based Restricted Stock Units. These PSUs may vest in four equal tranches based on the company’s stock price performance from the grant date through December 31, 2029, and require her continued service.

Do the RSUs and PSUs for BLND’s Winnie Ling convert into common stock?

Each RSU and PSU granted to Winnie Ling represents a contingent right to receive one share of Blend Labs Class A common stock. Actual shares are delivered only upon vesting, subject to the stated time-based and performance-based conditions.

Over what period will Winnie Ling’s Blend Labs RSUs vest?

Winnie Ling’s 313,312 RSUs will vest in equal quarterly installments over two years. Vesting is conditioned on her continuing to be a service provider at each scheduled vesting date during that two-year period.

What performance period applies to BLND’s performance-based RSUs for Winnie Ling?

The performance-based RSUs use a performance period starting on the grant date and ending December 31, 2029. Vesting of the 78,328 PSUs occurs in four equal tranches, dependent on stock price performance and her continued service.