Blend Labs (NYSE: BLND) head sees 241,701 shares withheld for taxes
Rhea-AI Filing Summary
Blend Labs, Inc. (BLND) reported insider equity activity by Nima Ghamsari, Head of Blend and director. On 2026-08-20, RSUs representing 614,229 shares of Class A Common Stock were exercised/converted, resulting in the acquisition of 614,229 Class A shares. Of these, 241,701 shares were disposed of by being withheld at $1.50 per share to cover tax obligations in connection with RSU vesting. The RSU awards vest in equal quarterly installments over four years for one grant and two years for others, in each case subject to continued service as a Service Provider.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 372,528 shares
Net Buy
7 txns
Insider
Ghamsari Nima
Role
HEAD OF BLEND
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 375,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4 | 125,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4 | 114,229 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 375,000 | -- | -- |
| Exercise | Class A Common Stock F1 | 125,000 | -- | -- |
| Exercise | Class A Common Stock F1 | 114,229 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 241,701 | $1.50 | $363K |
Holdings After Transaction:
Restricted Stock Units — 2,321,145 shares (Direct);
Class A Common Stock — 7,889,101 shares (Direct)
Footnotes (4)
- 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. 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.
- F4. 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.
Key Figures
RSUs exercised/converted: 614,229 shares
Class A shares acquired from RSUs: 614,229 shares
Shares withheld for taxes: 241,701 shares
+5 more
8 metrics
RSUs exercised/converted
614,229 shares
Total underlying Class A Common Stock from three RSU awards exercised/converted on 2026-08-20
Class A shares acquired from RSUs
614,229 shares
Shares of Blend Labs Class A Common Stock acquired via code M transactions on 2026-08-20
Shares withheld for taxes
241,701 shares
Class A Common Stock withheld to cover tax obligations related to RSU vesting
Tax withholding price
$1.50 per share
Price used for shares withheld to pay tax liability (code F transaction)
First RSU award size
375,000 RSUs
RSUs each representing a right to one share of Class A Common Stock
Second RSU award size
125,000 RSUs
RSUs each representing a right to one share of Class A Common Stock
Third RSU award size
114,229 RSUs
RSUs each representing a right to one share of Class A Common Stock
Four-year vesting period
four year period
One RSU grant vests in equal quarterly increments over a four year period
Key Terms
Restricted Stock Unit, Class A Common Stock, Service Provider, Payment of tax liability by delivering or withholding securities, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
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
"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 each such date."
Payment of tax liability by delivering or withholding securities financial
"Payment of tax liability by delivering or withholding securities"
Rule 10b5-1 regulatory
"The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did BLND report for Nima Ghamsari on August 20, 2026?
On 2026-08-20, Nima Ghamsari exercised/converted RSUs into 614,229 shares of Blend Labs Class A Common Stock and had 241,701 shares withheld to satisfy tax obligations related to the RSU vesting.
What are the vesting schedules for Nima Ghamsari’s Blend Labs (BLND) RSUs?
One RSU grant vests in equal quarterly increments over four years, and other RSU grants vest in equal quarterly increments over two years, in each case conditioned on Ghamsari continuing to be a Service Provider through each vesting date.
Was Nima Ghamsari’s BLND Form 4 filed under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), so the transactions were not reported as being made under a Rule 10b5-1 trading plan.
Did the August 20, 2026 BLND insider transactions involve open-market buying or selling?
No open-market buys or sells are reported. The filing shows RSU exercises/conversions into Class A Common Stock and a withholding of shares to pay tax obligations, rather than market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
