Blend Labs (BLND) director receives 50,000 RSU equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Sullivan Bryan Edmund reported acquisition or exercise transactions in this Form 4 filing.

Blend Labs director Bryan Edmund Sullivan received a grant of 50,000 Restricted Stock Units (RSUs). Each RSU represents a right to receive one share of Blend Labs Class A common stock. The RSUs vest after about one year or just before the company’s next annual shareholder meeting, if he continues as a service provider.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sullivan Bryan Edmund

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	50,000	$0.00	--

Holdings After Transaction: Restricted Stock Units — 50,000 shares (Direct, null)

Footnotes (1)

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock. The RSUs will vest 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 granted: 50,000 units Price per RSU: $0.0000 Shares underlying RSUs: 50,000 shares +1 more

4 metrics

RSUs granted 50,000 units Restricted Stock Units awarded to director on June 17, 2026

Price per RSU $0.0000 Grant/award acquisition with no cash price per unit

Shares underlying RSUs 50,000 shares Each RSU represents one share of Class A common stock

Shares after transaction 50,000 units Total RSUs held following this grant

Key Terms

Restricted Stock Units, Class A Common Stock, Service Provider, annual meeting of shareholders

4 terms

Restricted Stock Units financial

"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share..."

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

"Each RSU represents a contingent right 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.

Service Provider financial

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

annual meeting of shareholders financial

"the day prior to the date of the Issuer's next annual meeting of shareholders..."

A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/22/2026 - 04:10 PM Accepted by SEC EDGAR 06/22/2026 - 04:10 PM

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^*

Sullivan Bryan Edmund

(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)
06/17/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	06/17/2026		A		50,000		⁽²⁾	⁽²⁾	Class A Common Stock	50,000	$0	50,000	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. The RSUs will vest 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	06/22/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Blend Labs (BLND) report for Bryan Edmund Sullivan?

Blend Labs reported that director Bryan Edmund Sullivan received 50,000 Restricted Stock Units as a compensation grant. These RSUs are a right to receive Class A common shares if specific time-based vesting conditions are satisfied.

How many Blend Labs (BLND) shares are tied to Bryan Edmund Sullivan’s new RSUs?

The grant covers 50,000 Restricted Stock Units, each tied to one share of Blend Labs Class A common stock. If all vesting conditions are met, the award would deliver 50,000 Class A shares to the director.

When will Bryan Edmund Sullivan’s Blend Labs (BLND) RSUs vest?

The RSUs will vest on the earlier of the one-year anniversary of the grant date or the day before Blend Labs’ next annual shareholder meeting, provided he continues as a service provider through that vesting date.

Did Bryan Edmund Sullivan buy or sell Blend Labs (BLND) stock in this Form 4?

The Form 4 shows an acquisition through a grant of 50,000 Restricted Stock Units, not an open-market purchase or sale. It is a stock-based compensation award with no cash price per share reported in the transaction.

What type of security was granted to Bryan Edmund Sullivan at Blend Labs (BLND)?

He received Restricted Stock Units, which are derivative awards representing a contingent right to receive Class A common stock. Each RSU in this grant corresponds to one Blend Labs Class A share upon vesting.