Blend Labs insider RSUs convert to Class A stock on Form 4

Rhea-AI Filing Summary

Blend Labs, Inc. (BLND) reported insider equity activity by its Principal Accounting Officer on a Form 4. On 11/20/2025, restricted stock units (RSUs) converted into Class A Common Stock through transactions coded "M". One RSU grant delivered 25,000 shares and another delivered 12,500 shares of Class A Common Stock.

To cover tax obligations from the RSU vesting, 10,763 Class A shares were withheld at a price of $3.04 per share in a transaction coded "F". After these transactions, the reporting person directly owned 79,517 shares of Blend Labs Class A Common Stock.

The RSUs associated with these transactions vest in equal quarterly installments. One award vests over a four-year period and the other over a two-year period, in each case contingent on the reporting person continuing to serve as a service provider through each vesting date.

Insider Trade Summary

37,500 shares exercised/converted

Mixed 5 txns

Insider Tkach Oxana

Role PRINCIPAL ACCOUNTING OFFICER

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	25,000	$0.00	--
Exercise	Restricted Stock Units	12,500	$0.00	--
Exercise	Class A Common Stock	25,000	$0.00	--
Exercise	Class A Common Stock	12,500	$0.00	--
Tax Withholding	Class A Common Stock	10,763	$3.04	$33K

Holdings After Transaction: Restricted Stock Units — 175,000 shares (Direct); Class A Common Stock — 77,780 shares (Direct)

Footnotes (1)

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock. Shares were withheld to cover tax obligations in connection with the vesting of RSUs. 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. 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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Tkach Oxana

(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)
	PRINCIPAL ACCOUNTING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

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
Class A Common Stock	11/20/2025		M		25,000	A	(1)	77,780	D
Class A Common Stock	11/20/2025		M		12,500	A	(1)	90,280	D
Class A Common Stock	11/20/2025		F(2)		10,763	D	$3.04	79,517	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)	11/20/2025		M			25,000	(3)	(3)	Class A Common Stock	25,000	$0	175,000	D
Restricted Stock Units	(1)	11/20/2025		M			12,500	(4)	(4)	Class A Common Stock	12,500	$0	62,500	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.

4. 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.

	/s/ Winnie Ling, Attorney-in-fact	11/24/2025
	** 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 transaction did Blend Labs (BLND) report on this Form 4?

The Form 4 reports that the Principal Accounting Officer of Blend Labs, Inc. (BLND) had restricted stock units convert into Class A Common Stock and had shares withheld to satisfy tax obligations related to the RSU vesting.

How many Blend Labs (BLND) shares were acquired from RSU conversions?

On 11/20/2025, RSU conversions coded "M" resulted in the acquisition of 25,000 Class A Common Stock shares from one RSU grant and 12,500 shares from a second RSU grant.

How many Blend Labs (BLND) shares were withheld for taxes, and at what price?

To cover tax obligations arising from the RSU vesting, 10,763 shares of Blend Labs Class A Common Stock were withheld in a transaction coded "F" at a price of $3.04 per share.

How many Blend Labs (BLND) shares does the reporting person own after these transactions?

Following the reported RSU conversions and tax withholding, the reporting person directly owned 79,517 shares of Blend Labs Class A Common Stock.

What are the vesting terms of the Blend Labs RSU awards on this Form 4?

One RSU award will vest in equal quarterly increments over a four-year period, and another will vest in equal quarterly increments over a two-year period. In both cases, vesting is conditioned on the reporting person continuing as a service provider through each vesting date.

What position does the reporting person hold at Blend Labs (BLND)?

The reporting person is an Officer of Blend Labs and serves as the company’s Principal Accounting Officer, as indicated on the Form 4.