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Blend Labs (NYSE: BLND) director converts 50,000 RSUs into Class A shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Blend Labs director Timothy J. Mayopoulos exercised equity awards that convert into common shares. He exercised 50,000 Restricted Stock Units (RSUs), each representing one share of Blend Labs Class A Common Stock, and received 50,000 shares.

The RSUs vested on the earlier of the one-year anniversary of the grant date or the day before the next annual shareholder meeting, subject to continued service. After this transaction, Mayopoulos directly holds 431,130 shares of Class A Common Stock, and the reported RSU position from this grant is fully exhausted.

Positive

  • None.

Negative

  • None.
Insider Mayopoulos Timothy J
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 50,000 $0.00 --
Exercise Class A Common Stock 50,000 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Class A Common Stock — 431,130 shares (Direct, null)
Footnotes (1)
  1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock. The RSUs vested 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.
RSUs exercised 50,000 units Restricted Stock Units converted into Class A Common Stock
Shares received 50,000 shares Class A Common Stock from RSU exercise
Post-transaction holdings 431,130 shares Class A Common Stock held directly after exercise
Exercise price per RSU $0.00 per unit Conversion price shown in filing data
Transactions classified as exercises 1 transaction Exercise or conversion of derivative security (code M)
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Class A Common Stock financial
"Each Restricted Stock Unit ("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, subject to the Reporting Person continuing to be a Service Provider"
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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Mayopoulos Timothy J
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock06/11/2026M50,000A(1)431,130D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/11/2026M50,000 (2) (2)Class A Common Stock50,000$00D
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 vested 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-fact06/15/2026
** Signature of Reporting PersonDate
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) director Timothy J. Mayopoulos report?

Timothy J. Mayopoulos reported exercising 50,000 Restricted Stock Units into 50,000 shares of Blend Labs Class A Common Stock. This reflects a derivative exercise, not an open-market purchase or sale, and increases his directly held common stock position.

How many Blend Labs (BLND) shares does Timothy J. Mayopoulos hold after this Form 4?

After the reported transaction, Timothy J. Mayopoulos directly holds 431,130 shares of Blend Labs Class A Common Stock. This total reflects the addition of 50,000 shares received from exercising vested Restricted Stock Units disclosed in the filing.

What are the terms of the Restricted Stock Units in the Blend Labs (BLND) Form 4?

Each Restricted Stock Unit represents a contingent right to receive one share of Blend Labs Class A Common Stock. The RSUs vested on the earlier of the one-year grant anniversary or the day before the next annual shareholder meeting, subject to continued service.

Did Timothy J. Mayopoulos buy or sell Blend Labs (BLND) shares on the open market?

The Form 4 shows a derivative exercise of 50,000 Restricted Stock Units, not an open-market trade. The transaction code is M, indicating conversion of RSUs into Class A Common Stock rather than a market purchase or sale.

What happened to the Restricted Stock Units after the Blend Labs (BLND) transaction?

The 50,000 Restricted Stock Units were exercised and converted into 50,000 shares of Blend Labs Class A Common Stock. Following this transaction, the reported RSU position from this grant shows zero units remaining outstanding in the filing data.