Lantz Erin N 4

What Happened

• Erin Lantz (Director) reported conversion/exercise of derivative awards on 2026-06-11. The Form 4 shows 50,000 shares acquired (conversion of RSUs) and a simultaneous disposition of 50,000 shares at $0.00. The acquisition line lists price as N/A (typical for conversion of RSUs); the disposition is reported as $0.00 and labeled as a derivative transaction.

Key Details

• Transaction date: 2026-06-11; Form 4 filed 2026-06-15 (timely within required reporting window).
• Acquired: 50,000 shares via conversion of RSUs (price: N/A).
• Disposed: 50,000 shares at $0.00 (reported as derivative disposition).
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Each RSU represents a contingent right to receive one share of BLND Class A common stock.
  • F2: These RSUs vested per the vesting schedule (earlier of one-year anniversary of grant or day before next annual meeting), conditioned on continued service.
• Filing timeliness: Reported on 6/15 for a 6/11 transaction — filed within the standard two business-day window.

Context

• This transaction appears to reflect RSUs vesting and converting into common stock. The disposition of an equal number of shares at $0.00 is commonly how issuers report shares withheld or net-settled to satisfy tax obligations, though the Form 4 here does not explicitly state the reason. This is not an open-market purchase or sale that directly signals a typical buy/sell decision by the insider.