Blend Labs (BLND) grants 50,000 Restricted Stock Units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lantz Erin N reported acquisition or exercise transactions in this Form 4 filing.
Blend Labs, Inc. director Erin N. Lantz received a grant of 50,000 Restricted Stock Units, each representing a contingent right to receive one share of Blend Labs Class A Common Stock. The RSUs will vest on the earlier of the one-year anniversary of the grant date or the day before the next annual meeting of shareholders, provided she continues as a service provider through the vesting date. Following this award, she is reported as holding 50,000 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lantz Erin N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 50,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 50,000 shares (Direct, null)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock. The RSUs will vest on the earlier of (i) the one year anniversary of the grant date, or (ii) the day prior to the date of the Issuer's next annual meeting of shareholders, subject to the Reporting Person continuing to be a Service Provider through the applicable vesting date.
Key Figures
RSUs granted: 50,000 RSUs
Underlying shares: 50,000 shares
Grant price: $0.00 per RSU
+1 more
4 metrics
RSUs granted
50,000 RSUs
Grant to director Erin N. Lantz on 2026-06-17
Underlying shares
50,000 shares
Class A Common Stock underlying RSUs
Grant price
$0.00 per RSU
Reported transaction price per RSU
Post-grant RSU holdings
50,000 RSUs
Total RSUs following the reported transaction
Key Terms
Restricted Stock Units, Class A Common Stock, annual meeting of shareholders, Service Provider
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock."
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.
Class A Common Stock financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive 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 the applicable vesting date."
FAQ
What did Erin N. Lantz report in this Blend Labs (BLND) Form 4 filing?
Erin N. Lantz reported receiving 50,000 Restricted Stock Units from Blend Labs. Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the vesting conditions described in the filing’s footnotes.
How many Restricted Stock Units were granted to the Blend Labs director in this Form 4?
The Blend Labs director received a grant of 50,000 Restricted Stock Units. Each RSU is tied to one share of Class A Common Stock, giving her a contingent right to 50,000 shares if all vesting requirements are satisfied.
What does each Blend Labs RSU represent in the Erin N. Lantz Form 4?
Each RSU reported represents a contingent right to receive one share of Blend Labs Class A Common Stock. This means the 50,000 RSUs could convert into 50,000 shares if the vesting conditions described in the filing are met.
What are the vesting conditions for the 50,000 RSUs granted by Blend Labs?
The 50,000 RSUs will vest on the earlier of the one-year anniversary of the grant date or the day before the next annual shareholder meeting. Vesting requires Erin N. Lantz to continue as a service provider through the applicable vesting date.
Does the Blend Labs Form 4 show the RSUs granted to Erin N. Lantz as directly owned?
Yes. The filing shows the 50,000 Restricted Stock Units as directly owned. The ownership code is listed as direct, indicating the RSUs are attributed to Erin N. Lantz rather than an indirect entity like a trust or partnership.
What type of transaction code is used for the Blend Labs RSU grant to Erin N. Lantz?
The transaction is reported with code “A,” indicating a grant, award, or other acquisition. It is categorized as an acquisition of a derivative security, specifically Restricted Stock Units linked to Class A Common Stock.