Blend Labs officer vests 70K RSUs, 25K shares withheld

Q: How many Blend Labs (BLND) RSUs vested and converted into common stock?

RSU awards covering 31,250 and 39,164 units vested, with each RSU representing a contingent right to receive one share of Blend Labs Class A Common Stock, resulting in an equivalent 70,414 underlying shares being exercised or converted on the transaction date.

Q: How many BLND shares were withheld for taxes in Winnie Ling’s Form 4?

The Form 4 shows that 25,385 shares of Blend Labs Class A Common Stock were disposed of at $1.50 per share, with the footnote stating these shares were withheld to cover tax obligations in connection with the RSU vesting.

Q: What are the vesting terms of the RSUs reported for BLND?

The RSUs will vest in equal quarterly increments over a two-year period. Vesting is subject to the reporting person continuing to be a Service Provider to Blend Labs through each applicable vesting date, as disclosed in the footnote.

Q: Were the BLND Form 4 transactions under a Rule 10b5-1 trading plan?

The document-level Rule 10b5-1 checkbox is marked false, and the footnotes do not state that the transactions were made under a Rule 10b5-1 trading plan, so these transactions are not reported as being executed pursuant to such a plan.

Blend Labs, Inc. (BLND) reported that Winnie Ling, its HEAD OF LEGAL AND PEOPLE, effected several equity-related transactions on Class A Common Stock tied to Restricted Stock Units (RSUs).

Filing Impact

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Form Type

Rhea-AI Filing Summary

Blend Labs, Inc. (BLND) reported that Winnie Ling, its HEAD OF LEGAL AND PEOPLE, effected several equity-related transactions on Class A Common Stock tied to Restricted Stock Units (RSUs). Two RSU awards covering 31,250 and 39,164 units, each representing a contingent right to one share of Class A Common Stock, were converted into an equivalent number of shares upon vesting. In connection with this vesting, 25,385 shares of Class A Common Stock were disposed of at $1.50 per share to cover tax obligations. The RSUs referenced will vest in equal quarterly increments over a two-year period, subject to Ms. Ling continuing to be a Service Provider through each vesting date.

Insider Trade Summary

70,414 shares exercised/converted

Exercise 5 txns

Insider Ling Winnie

Role HEAD OF LEGAL AND PEOPLE

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units ^{F1, F3}	31,250	$0.00	$0.00
Exercise	Restricted Stock Units ^{F1, F3}	39,164	$0.00	$0.00
Exercise	Class A Common Stock ^F1	31,250	--	--
Exercise	Class A Common Stock ^F1	39,164	--	--
Tax Withholding	Class A Common Stock ^F2	25,385	$1.50	$38K

Holdings After Transaction: Restricted Stock Units — 258,320 contracts (Direct); Class A Common Stock — 530,107 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. 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 converted: 31,250 units Additional RSUs converted: 39,164 units Total RSU exercise shares: 70,414 shares +3 more

6 metrics

RSUs converted 31,250 units Restricted Stock Units converted into Class A Common Stock on 2026-08-20

Additional RSUs converted 39,164 units Additional Restricted Stock Units converted into Class A Common Stock on 2026-08-20

Total RSU exercise shares 70,414 shares Aggregate underlying shares from derivative exercises reported in transaction summary

Shares withheld for taxes 25,385 shares Shares of Class A Common Stock disposed of to cover tax obligations on RSU vesting

Tax withholding price $1.50 per share Price per share for the 25,385 shares withheld to satisfy tax liability

RSU vesting period Two-year period RSUs vest in equal quarterly increments over two years, subject to continued service

Key Terms

Restricted Stock Unit, Class A Common Stock, Service Provider, tax obligations

4 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"

tax obligations financial

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

FAQ

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

What equity transactions did Winnie Ling report in BLND stock on this Form 4?

Winnie Ling reported the vesting and conversion of RSUs into 31,250 and 39,164 shares of BLND Class A Common Stock, and a disposition of 25,385 shares at $1.50 per share to satisfy tax obligations related to the RSU vesting.

How many Blend Labs (BLND) RSUs vested and converted into common stock?

RSU awards covering 31,250 and 39,164 units vested, with each RSU representing a contingent right to receive one share of Blend Labs Class A Common Stock, resulting in an equivalent 70,414 underlying shares being exercised or converted on the transaction date.

How many BLND shares were withheld for taxes in Winnie Ling’s Form 4?

The Form 4 shows that 25,385 shares of Blend Labs Class A Common Stock were disposed of at $1.50 per share, with the footnote stating these shares were withheld to cover tax obligations in connection with the RSU vesting.

What are the vesting terms of the RSUs reported for BLND?

The RSUs will vest in equal quarterly increments over a two-year period. Vesting is subject to the reporting person continuing to be a Service Provider to Blend Labs through each applicable vesting date, as disclosed in the footnote.

Were the BLND Form 4 transactions under a Rule 10b5-1 trading plan?

The document-level Rule 10b5-1 checkbox is marked false, and the footnotes do not state that the transactions were made under a Rule 10b5-1 trading plan, so these transactions are not reported as being executed pursuant to such a plan.

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

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Available on EDGAR 08/24/2026 - 05:01 PM EDT Accepted by SEC EDGAR 08/24/2026 - 05:00 PM EDT

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^*

Ling Winnie

(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 LEGAL AND PEOPLE

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026

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	08/20/2026		M		31,250	A	⁽¹⁾	516,328	D
Class A Common Stock	08/20/2026		M		39,164	A	⁽¹⁾	555,492	D
Class A Common Stock	08/20/2026		F⁽²⁾		25,385	D	$1.5	530,107	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⁾	08/20/2026		M			31,250	⁽³⁾	⁽³⁾	Class A Common Stock	31,250	$0	62,500	D
Restricted Stock Units	⁽¹⁾	08/20/2026		M			39,164	⁽³⁾	⁽³⁾	Class A Common Stock	39,164	$0	195,820	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 two year period, subject to the Reporting Person continuing to be a Service Provider through each such date.

	/s/ Kostian Ciko, Attorney-in-fact	08/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR