RSU vesting lifts Blend Labs (NYSE: BLND) insider share holdings

Rhea-AI Filing Summary

Blend Labs, Inc. executive Venkatramani Srinivasan, Head of Product Tech & Cust Op, reported equity compensation activity involving Restricted Stock Units and Class A common stock. He exercised 325,000 RSUs into 325,000 shares of Class A stock at a price of $0.00 per share.

Of those shares, 117,488 were disposed of at $1.72 per share to cover tax obligations related to RSU vesting, leaving 207,512 Class A shares directly owned afterward. Each RSU represents a right to one share of Class A stock. One quarter of the RSUs will vest on February 20, 2026, with the remainder vesting in equal quarterly installments over three years, subject to continued service.

Insider Trade Summary

325,000 shares exercised/converted

Mixed 3 txns

Insider Venkatramani Srinivasan

Role Head of Product Tech & Cust Op

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	325,000	$0.00	--
Exercise	Class A Common Stock	325,000	$0.00	--
Tax Withholding	Class A Common Stock	117,488	$1.72	$202K

Holdings After Transaction: Restricted Stock Units — 975,000 shares (Direct); Class A Common Stock — 325,000 shares (Direct)

Footnotes (1)

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock. Shares were withheld to cover tax obligations in connection with the vesting of RSUs. 1/4th of the RSUs will vest on February 20, 2026, and the remaining RSUs will vest in equal quarterly increments over the following three year period, subject to the Reporting Person continuing to be a Service Provider through each such date.

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^*

Venkatramani Srinivasan

(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 Product Tech & Cust Op

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/20/2026		M		325,000	A	(1)	325,000	D
Class A Common Stock	02/20/2026		F(2)		117,488	D	$1.72	207,512	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
Restricted Stock Units	(1)	02/20/2026		M			325,000	(3)	(3)	Class A Common Stock	325,000	$0	975,000	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. Shares were withheld to cover tax obligations in connection with the vesting of RSUs.

3. 1/4th of the RSUs will vest on February 20, 2026, and the remaining RSUs will vest in equal quarterly increments over the following three 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.

FAQ

What insider transaction did Venkatramani Srinivasan report at Blend Labs (BLND)?

Venkatramani Srinivasan reported exercising 325,000 Restricted Stock Units into 325,000 shares of Blend Labs Class A common stock. The transaction reflects equity compensation vesting rather than an open-market purchase, increasing his directly held common stock before tax-related share withholding.

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

A total of 117,488 Blend Labs Class A shares were disposed of to cover tax obligations linked to RSU vesting. These shares were withheld at $1.72 per share, reflecting a tax-withholding disposition rather than a discretionary sale in the open market.

What is the vesting schedule for Venkatramani Srinivasan’s Blend Labs RSUs?

One quarter of the Restricted Stock Units will vest on February 20, 2026. The remaining RSUs will vest in equal quarterly installments over the following three years, contingent on Srinivasan continuing to serve as a service provider through each applicable vesting date.

How many Blend Labs (BLND) Class A shares does Srinivasan hold after these transactions?

After the reported transactions, Venkatramani Srinivasan directly holds 207,512 shares of Blend Labs Class A common stock. This figure reflects the 325,000 shares received from RSU conversion, reduced by 117,488 shares withheld to satisfy tax obligations associated with the RSU vesting event.

What does each Blend Labs RSU reported in this Form 4 represent?

Each Restricted Stock Unit reported represents a contingent right to receive one share of Blend Labs Class A common stock. Actual share delivery occurs upon vesting, subject to the specified schedule and Srinivani’s continued status as a service provider through the applicable vesting dates.