Blend Labs (NYSE: BLND) exec exercises RSUs, now holds 259,390 shares
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 51,878 shares
Net Buy
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 shares (Direct);
Class A Common Stock — 259,390 shares (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
- F2. Shares were withheld to cover tax obligations in connection with the vesting of RSUs.
- 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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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 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.