BLND Head of Revenue reports Rule 10b5-1 sale of 25,000 shares

Rhea-AI Filing Summary

Blend Labs, Inc. (BLND) reported an insider stock sale by its Head of Revenue on a Form 4. On 11/17/2025, the reporting officer sold 25,000 shares of Class A common stock in an open market transaction coded as an "S" sale. The weighted average sale price was about $2.9893 per share, based on trades executed between $2.96 and $3.035 per share under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2025.

After this transaction, the officer directly beneficially owns 662,909 shares of Blend Labs Class A common stock. The filing notes that detailed price breakdowns within the trading range are available upon request to the company, the SEC staff, or shareholders.

Insider Trade Summary

Net Seller: 25,000 shares ($74,733)

Net Sell 1 txn

Insider Kneafsey Brian

Role Head of Revenue

Sold 25,000 shs ($75K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	25,000	$2.9893	$75K

Holdings After Transaction: Class A Common Stock — 662,909 shares (Direct)

Footnotes (1)

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025. This sale price represents the weighted average sale price of the shares sold ranging from $2.96 to $3.035 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

Form 4 Insider Transactions: What Each Field Means →

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).

X

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^*

Kneafsey Brian

(Last) (First) (Middle)

7250 REDWOOD BLVD., SUITE 300

(Street)

NOVATO CA 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Head of Revenue

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/17/2025		S(1)		25,000	D	$2.9893(2)	662,909	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025.

2. This sale price represents the weighted average sale price of the shares sold ranging from $2.96 to $3.035 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

	/s/ Winnie Ling, Attorney-in-fact	11/19/2025
	** 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.

FAQ

What insider transaction did Blend Labs (BLND) disclose on this Form 4?

Blend Labs disclosed that its Head of Revenue sold 25,000 shares of Class A common stock on 11/17/2025 in an open market transaction coded as a sale ("S").

At what price were the Blend Labs (BLND) shares sold in the insider trade?

The filing reports a weighted average sale price of about $2.9893 per share, based on sales executed between $2.96 and $3.035 per share.

How many Blend Labs (BLND) shares does the insider own after the sale?

Following the reported transaction, the Head of Revenue beneficially owns 662,909 shares of Blend Labs Class A common stock in direct ownership.

Was the Blend Labs (BLND) insider sale under a Rule 10b5-1 trading plan?

Yes. The sales were effected under a Rule 10b5-1 trading plan that the reporting person adopted on March 14, 2025.

What is the transaction code used for the Blend Labs (BLND) insider trade?

The transaction is coded as "S" in Table I, indicating an open market or private sale of non-derivative securities.

Can investors see the exact price breakdowns for the Blend Labs (BLND) insider sale?

The sale price disclosed is a weighted average; the insider will provide full information on the number of shares sold at each price within the $2.96 to $3.035 range upon request.