Blend Labs executive exercises RSUs, withholds shares

Blend Labs, Inc. reports that Venkatramani Srinivasan, Head of Product Tech & Cust Op, exercised 81,250 Restricted Stock Units into the same number of Class A Common Stock shares on May 20, 2026.

Rhea-AI Filing Summary

Blend Labs, Inc. reports that Venkatramani Srinivasan, Head of Product Tech & Cust Op, exercised 81,250 Restricted Stock Units into the same number of Class A Common Stock shares on May 20, 2026. In connection with this vesting, 29,372 shares were withheld at $1.4800 per share to cover tax obligations, and he now directly holds 259,390 Class A shares.

Each Restricted Stock Unit represents a contingent right to receive one Class A share. One-quarter of the RSUs vested on February 20, 2026, with the remaining RSUs scheduled to vest in equal quarterly increments over the following three-year period, subject to Srinivasan continuing as a Service Provider. The filing indicates these transactions were not made under a Rule 10b5-1 trading plan.

Insider Trade Summary

81,250 shares exercised/converted

Exercise 3 txns

Insider Venkatramani Srinivasan

Role Head of Product Tech & Cust Op

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	81,250	$0.00	$0.00
Exercise	Class A Common Stock	81,250	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	29,372	$1.48	$43K

Holdings After Transaction: Restricted Stock Units — 893,750 contracts (Direct); Class A Common Stock — 259,390 shares (Direct)

Footnotes (3)

1. F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
2. F2. Shares were withheld to cover tax obligations in connection with the vesting of RSUs.
3. F3. 1/4th of the RSUs vested on February 20, 2026, and the remaining RSUs will vest in equal quarterly increments over the following three year period, subject to the Reporting Person continuing to be a Service Provider through each such date.

Key Figures

RSUs exercised: 81250.0000 shares Shares withheld for taxes: 29372.0000 shares Tax withholding price: $1.4800 per share +3 more

6 metrics

RSUs exercised 81250.0000 shares Restricted Stock Units converted to Class A Common Stock on May 20, 2026

Shares withheld for taxes 29372.0000 shares Class A shares withheld at $1.4800 per share to cover tax obligations

Tax withholding price $1.4800 per share Per-share value used in the F-coded tax-withholding disposition

Post-transaction holdings 259,390 shares Direct Class A Common Stock held by Srinivasan after the reported transactions

Initial RSU vesting fraction 1/4 Portion of RSUs vesting on February 20, 2026 under the award schedule

RSU vesting period three year period Remaining RSUs vest in equal quarterly increments over three years

Key Terms

Restricted Stock Units, tax obligations, Service Provider

3 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.

tax obligations financial

"Shares were withheld to cover tax obligations in connection with the vesting of RSUs"

Service Provider regulatory

"subject to the Reporting Person continuing to be a Service Provider through each such date"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did BLND report for Venkatramani Srinivasan on May 20, 2026?

Blend Labs reported that 81,250 Restricted Stock Units were exercised into the same number of Class A shares on May 20, 2026, with 29,372 shares simultaneously withheld at $1.4800 per share to satisfy tax obligations related to the RSU vesting.

How many Blend Labs (BLND) shares does Venkatramani Srinivasan hold after this Form 4?

After the reported transactions, Venkatramani Srinivasan directly holds 259,390 shares of Blend Labs Class A Common Stock. This post-transaction holding figure is explicitly stated as his canonical direct ownership following the May 20, 2026 RSU exercise and tax-withholding events.

How were taxes handled on Venkatramani Srinivasan’s RSU vesting at BLND?

To cover tax obligations from the RSU vesting, 29,372 shares of Class A Common Stock were withheld at $1.4800 per share. This withholding is reported with transaction code F, indicating a disposition specifically for payment of tax liabilities tied to the RSU exercise.

What is the vesting schedule of Venkatramani Srinivasan’s RSUs at Blend Labs (BLND)?

The RSU award vests with 1/4 of the units vesting on February 20, 2026, and the remaining RSUs vesting in equal quarterly increments over a three-year period, conditioned on Srinivasan continuing to serve as a Service Provider through each scheduled vesting date.

Were Venkatramani Srinivasan’s BLND transactions under a Rule 10b5-1 plan?

The filing indicates the Rule 10b5-1 checkbox is not marked, and the associated structured data shows the aff_10b5_one flag as false. This means the reported RSU exercise and tax-withholding transactions were not affirmed as being executed under a pre-arranged Rule 10b5-1 trading plan.

What does each RSU reported by BLND for Srinivasan represent?

Each Restricted Stock Unit reported for Srinivasan represents a contingent right to receive one share of Blend Labs Class A Common Stock. Upon vesting and settlement, each RSU converts into one share, as explicitly described in the accompanying footnote to the award.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/22/2026 - 04:10 PM EDT Learn about SEC filing dates

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^*

Venkatramani Srinivasan

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Head of Product Tech & Cust Op

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/20/2026		M		81,250	A	(1)	288,762	D
Class A Common Stock	05/20/2026		F(2)		29,372	D	$1.48	259,390	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)	05/20/2026		M			81,250	(3)	(3)	Class A Common Stock	81,250	$0	893,750	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. 1/4th of the RSUs vested on February 20, 2026, and the remaining RSUs will vest in equal quarterly increments over the following three year period, subject to the Reporting Person continuing to be a Service Provider through each such date.

	/s/ Kostian Ciko, Attorney-in-fact	05/22/2026
	** 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)