Blend Labs (BLND) executive converts 81,250 RSUs and withholds 29,372 shares for tax

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Blend Labs, Inc. executive Venkatramani Srinivasan reported compensation-related equity activity, not open-market trading. He exercised 81,250 Restricted Stock Units (RSUs) into Class A Common Stock, while 29,372 shares were withheld at $1.48 per share to cover tax obligations upon vesting. Following these transactions, he holds 288,762 Class A shares directly, and 893,750 RSUs remain outstanding, which will continue vesting quarterly over three years if he stays a Service Provider.

Insider Trade Summary

81,250 shares exercised/converted

Mixed 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	--
Exercise	Class A Common Stock	81,250	$0.00	--
Tax Withholding	Class A Common Stock	29,372	$1.48	$43K

Holdings After Transaction: Restricted Stock Units — 893,750 shares (Direct, null); Class A Common Stock — 288,762 shares (Direct, null)

Footnotes (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. 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: 81,250 units Shares withheld for taxes: 29,372 shares Tax withholding reference price: $1.48 per share +3 more

6 metrics

RSUs exercised 81,250 units Restricted Stock Units converted to Class A Common Stock on May 20, 2026

Shares withheld for taxes 29,372 shares Withheld at $1.48 per share to cover tax obligations on RSU vesting

Tax withholding reference price $1.48 per share Price used for 29,372-share tax-withholding disposition

Shares held after transaction 288,762 shares Class A Common Stock directly held following Form 4 transactions

RSUs outstanding after transaction 893,750 units Remaining Restricted Stock Units following RSU conversion event

Initial RSU vesting date February 20, 2026 Date when 1/4 of the RSUs vested

Key Terms

Restricted Stock Unit ("RSU"), tax obligations, vested, Service Provider, +1 more

5 terms

Restricted Stock Unit ("RSU") financial

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

tax obligations financial

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

vested financial

"1/4th of the RSUs vested on February 20, 2026"

Service Provider financial

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

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 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^*

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)
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)
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)
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⁾	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Venkatramani Srinivasan report for Blend Labs (BLND)?

Venkatramani Srinivasan reported exercising 81,250 Restricted Stock Units into Class A Common Stock and a related tax-withholding disposition of 29,372 shares. These events reflect RSU vesting and associated tax payments rather than open-market buying or selling activity by the Blend Labs executive.

How many Blend Labs (BLND) shares does the executive hold after this Form 4?

After the reported transactions, Venkatramani Srinivasan directly holds 288,762 shares of Blend Labs Class A Common Stock. This reflects his position following RSU conversion and tax-share withholding, and provides context for the scale of these compensation-related equity movements relative to his total holdings.

What was the purpose of the 29,372 Blend Labs (BLND) shares disposed in this filing?

The 29,372 shares were withheld to cover tax obligations triggered by the vesting of RSUs. This withholding is classified as a tax-withholding disposition, not an open-market sale, meaning the shares went to satisfy taxes rather than representing discretionary selling in the public market.

What RSU vesting schedule applies to Venkatramani Srinivasan’s Blend Labs (BLND) award?

One quarter of the RSUs vested on February 20, 2026, with the remaining units vesting in equal quarterly installments over the next three years. Continued vesting depends on Srinivasan remaining a Service Provider, linking ongoing equity compensation to his continued role at Blend Labs.

How many Blend Labs (BLND) RSUs remain outstanding for the executive after this transaction?

Following the reported activity, 893,750 Restricted Stock Units remain outstanding for Venkatramani Srinivasan. Each RSU represents a contingent right to receive one share of Blend Labs Class A Common Stock, subject to the vesting schedule and his continued status as a Service Provider.