Blend Labs insider exercises RSUs, withholds shares

Blend Labs, Inc. director and officer Nima Ghamsari reported several equity transactions tied to restricted stock units on February 20, 2026.

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Rhea-AI Filing Summary

Blend Labs, Inc. director and officer Nima Ghamsari reported several equity transactions tied to restricted stock units on February 20, 2026. He acquired Class A common stock through derivative exercises/conversions in three tranches of 375,000, 125,000 and 114,229 shares at $0.00 per share as RSUs vested. A related footnote states each RSU converts into one share of Class A common. He also disposed of 201,733 shares of Class A common at $1.72 per share, with the shares withheld to cover tax obligations connected to the RSU vesting.

Insider Trade Summary

614,229 shares exercised/converted

Exercise 7 txns

Insider Ghamsari Nima

Role HEAD OF BLEND

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	375,000	$0.00	$0.00
Exercise	Restricted Stock Units	125,000	$0.00	$0.00
Exercise	Restricted Stock Units	114,229	$0.00	$0.00
Exercise	Class A Common Stock	375,000	$0.00	$0.00
Exercise	Class A Common Stock	125,000	$0.00	$0.00
Exercise	Class A Common Stock	114,229	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	201,733	$1.72	$347K

Holdings After Transaction: Restricted Stock Units — 3,549,603 contracts (Direct); Class A Common Stock — 7,144,045 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.

FAQ

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What insider transactions did Nima Ghamsari report for Blend Labs (BLND)?

Nima Ghamsari reported multiple transactions on February 20, 2026, acquiring Class A common stock via vested RSUs and disposing of 201,733 shares. The disposal was to cover tax obligations triggered by the vesting of those restricted stock units.

How many Blend Labs (BLND) shares were withheld for taxes in this Form 4?

The filing shows 201,733 shares of Blend Labs Class A common stock were disposed of at $1.72 per share. A footnote explains these shares were withheld specifically to satisfy tax obligations arising from the vesting of restricted stock units.

How do the reported RSUs convert into Blend Labs (BLND) Class A shares?

Each restricted stock unit represents a contingent right to receive one share of Blend Labs Class A common stock. As RSUs vest, they convert into an equal number of Class A shares, which are then reflected in the insider’s direct ownership holdings.

What are the vesting schedules for Nima Ghamsari’s Blend Labs (BLND) RSUs?

The filing describes two vesting patterns: one RSU grant vests in equal quarterly increments over four years, and another vests in equal quarterly increments over two years. Both require Mr. Ghamsari to remain a service provider through each vesting date.

Did Nima Ghamsari buy or sell Blend Labs (BLND) shares on the open market?

The reported transactions are derivative exercises and a tax-withholding disposition, not open-market trades. Shares were acquired as RSUs vested and converted, and a portion was withheld and disposed of to satisfy tax liabilities at the stated share price.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/24/2026 - 04:05 PM EST

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^*

Ghamsari Nima

(Last)

(First)

(Middle)

7250 REDWOOD BLVD., SUITE 300

(Street)

NOVATO

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	HEAD OF BLEND

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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)
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	02/20/2026		M		375,000	A	⁽¹⁾	7,106,549	D
Class A Common Stock	02/20/2026		M		125,000	A	⁽¹⁾	7,231,549	D
Class A Common Stock	02/20/2026		M		114,229	A	⁽¹⁾	7,345,778	D
Class A Common Stock	02/20/2026		F⁽²⁾		201,733	D	$1.72	7,144,045	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⁾	02/20/2026		M			375,000	⁽³⁾	⁽³⁾	Class A Common Stock	375,000	$0	2,250,000	D
Restricted Stock Units	⁽¹⁾	02/20/2026		M			125,000	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	125,000	$0	500,000	D
Restricted Stock Units	⁽¹⁾	02/20/2026		M			114,229	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	114,229	$0	799,603	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/ Kostian Ciko, Attorney-in-fact	02/24/2026
	** 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.

Source: View Original Filing on SEC EDGAR