Ghamsari Nima 4

4 · Blend Labs, Inc. · Filed Feb 24, 2026

AI-generated summary of this filing

Updated Feb 24, 2026

Blend (BLND) Head & Director Nima Ghamsari Exercises RSUs; Shares Withheld

What Happened

Nima Ghamsari, Head of Blend Labs and a company director, exercised/converted a total of 614,229 restricted stock units (RSUs) on February 20, 2026. Per the filing, 201,733 shares were withheld to cover tax obligations, yielding a cash withholding value of $346,981 (201,733 shares × $1.72 per share). The filing lists the derivative conversion entries (transaction code M) and the tax withholding (transaction code F).

Key Details

Transaction date: 2026-02-20; Form 4 filed 2026-02-24 (filed within the normal reporting window).
Shares converted/acquired: 614,229 RSUs converted to shares (375,000 + 125,000 + 114,229).
Shares withheld for taxes: 201,733 shares at $1.72 per share = $346,981.
Net shares delivered to Ghamsari (after withholding): approximately 412,496 shares (614,229 − 201,733).
Footnotes: F1 confirms each RSU equals one share upon vesting; F2 notes shares withheld to cover taxes; F3/F4 describe vesting schedules (some RSUs vest quarterly over four years, others over two years).
Shares owned after the transaction: not specified in the provided excerpt.

Context

These were RSU conversions (derivative/award activity). The withheld shares to satisfy tax liabilities indicate a net issuance/cashless-type settlement common when RSUs vest—this is routine and does not by itself indicate a buy or sell decision in the open market.
Transaction codes: M = exercise/conversion of derivative (RSU conversion), F = payment of exercise price or tax liability (shares withheld). The filing appears timely.

Form 4

Period: 2026-02-20

DirectorHEAD OF BLEND

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-02-20+375,000→ 7,106,549 total
Exercise/Conversion
Class A Common Stock
[F1]
2026-02-20+125,000→ 7,231,549 total
Exercise/Conversion
Class A Common Stock
[F1]
2026-02-20+114,229→ 7,345,778 total
Tax Payment
Class A Common Stock
[F2]
2026-02-20$1.72/sh−201,733$346,981→ 7,144,045 total
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-02-20−375,000→ 2,250,000 total
→ Class A Common Stock (375,000 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-02-20−125,000→ 500,000 total
→ Class A Common Stock (125,000 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-02-20−114,229→ 799,603 total
→ Class A Common Stock (114,229 underlying)

Footnotes (4)

[F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
[F2]Shares were withheld to cover tax obligations in connection with the vesting of RSUs.
[F3]The RSUs will vest in equal quarterly increments over a four year period, subject to the Reporting Person continuing to be a Service Provider through each such date.
[F4]The RSUs will vest in equal quarterly increments over a two year period, subject to the Reporting Person continuing to be a Service Provider through each such date.

Signature

/s/ Kostian Ciko, Attorney-in-fact|2026-02-24

2 files