Blend Labs (NYSE: BLND) grants director Gerald C. Chen 50,000 RSUs

Rhea-AI Filing Summary

Chen Gerald C. reported acquisition or exercise transactions in this Form 4 filing.

Blend Labs director Gerald C. Chen received a grant of 50,000 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Blend Labs Class A common stock. The RSUs will vest on the earlier of one year from the grant date or the day before the company’s next annual shareholder meeting, as long as Chen continues to serve as a service provider through that vesting date.

Insights

Equity Compensation Analyst

Routine RSU grant to director with standard service-based vesting.

Blend Labs, Inc. granted director Gerald C. Chen 50,000 RSUs, each convertible into one share of Class A common stock. The award carries no exercise price, which is typical for RSUs used as equity compensation.

The RSUs vest on the earlier of the one-year anniversary of the grant date or the day before the next annual shareholder meeting, contingent on continued service. This structure aligns director incentives with shareholder interests over roughly a one-year horizon.

The filing shows no open-market buying or selling, only a grant/award acquisition. From an investment perspective, this is a standard governance and compensation event rather than a directional signal about the company’s near-term prospects.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chen Gerald C.

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)

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 units RSU-to-share ratio: 1 share per RSU Vesting trigger: Earlier of 1 year or pre-annual meeting +1 more

4 metrics

RSUs granted 50,000 units Restricted Stock Units granted to Gerald C. Chen

RSU-to-share ratio 1 share per RSU Each RSU represents one share of Class A common stock

Vesting trigger Earlier of 1 year or pre-annual meeting Vests on one-year anniversary or day before next annual shareholder meeting

Transaction date 2026-06-17 Grant date for RSU award

Key Terms

Restricted Stock Units, Class A Common Stock, Service Provider, annual meeting of shareholders

4 terms

Restricted Stock Units financial

"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"

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

"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"

annual meeting of shareholders financial

"the day prior to the date of the Issuer's next annual meeting of shareholders"

A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.

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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).

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^*

Chen Gerald C.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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)
			Code	V	Amount	(A) or (D)	Price

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
Restricted Stock Units	(1)	06/17/2026		A		50,000		(2)	(2)	Class A Common Stock	50,000	$0	50,000	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. 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.

	/s/ Kostian Ciko, Attorney-in-fact	06/22/2026
	** 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)

FAQ

What insider transaction did Blend Labs (BLND) report for Gerald C. Chen?

Blend Labs reported a grant of 50,000 Restricted Stock Units to director Gerald C. Chen. These RSUs are a form of equity compensation that can convert into Class A common shares upon vesting, aligning the director’s interests with shareholders.

How many Blend Labs (BLND) RSUs were granted in this Form 4?

The Form 4 shows a grant of 50,000 Restricted Stock Units. Each RSU represents a contingent right to receive one share of Blend Labs Class A common stock if the vesting conditions are satisfied by the reporting person.

When do Gerald C. Chen’s Blend Labs (BLND) RSUs vest?

The RSUs vest on the earlier of the one-year anniversary of the grant date or the day before Blend Labs’ next annual shareholder meeting. Vesting is conditioned on Chen continuing as a service provider through the applicable vesting date.

Is the Blend Labs (BLND) RSU grant an open-market purchase or sale?

No, the RSU grant is a compensation-related acquisition, not an open-market trade. The Form 4 uses transaction code A, indicating a grant or award rather than a discretionary buy or sell in the public market.

What does each Blend Labs (BLND) Restricted Stock Unit represent?

Each RSU represents a contingent right to receive one share of Blend Labs Class A common stock. The reporting person receives the shares only if the vesting conditions, including continued service, are met according to the award’s terms.