Ghamsari Nima 4

4 · Blend Labs, Inc. · Filed May 22, 2026

AI-generated summary of this filing

Updated May 22, 2026

Blend Labs (BLND) Director Nima Ghamsari Exercises RSUs; Withholds Shares

What Happened

Nima Ghamsari, a director and head at Blend Labs (BLND), had RSUs convert into common stock on May 20, 2026. Three derivative conversions totaled 614,229 shares (375,000 + 125,000 + 114,229). To satisfy tax withholding, 241,701 of those shares were surrendered at $1.48 per share for a tax payment of $357,717. The remaining net shares delivered to Ghamsari equal 372,528 shares (614,229 − 241,701). The derivative conversion lines report $0 proceeds, consistent with RSU settlement rather than a cash sale.

Key Details

Transaction date: May 20, 2026. Form filed May 22, 2026 (two days after the transactions) — appears timely.
Items converted: 375,000; 125,000; and 114,229 RSUs → total 614,229 shares.
Tax withholding: 241,701 shares withheld at $1.48 each = $357,717 (reported as a disposition to cover taxes).
Net shares retained by insider: 372,528 shares (614,229 − 241,701).
Shares owned after transaction: not disclosed in the provided filing.
Transaction codes: M = exercise/conversion of derivative (RSU conversion), F = payment of exercise price or tax liability (shares withheld).
Footnotes: F1 = each RSU converts to one share; F2 = shares withheld to cover taxes; F3/F4 = remaining RSU vesting schedules (some vest quarterly over four years, others over two years).

Context

These entries reflect RSU vesting/settlement and routine tax withholding (a cashless settlement), not an open-market sale. For retail investors, such transactions are generally routine compensation events rather than direct signals of insider sentiment. No cash sale of shares was reported beyond the withholding to satisfy taxes.

Form 4

Period: 2026-05-20

DirectorHEAD OF BLEND

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-05-20+375,000→ 7,519,045 total
Exercise/Conversion
Class A Common Stock
[F1]
2026-05-20+125,000→ 7,644,045 total
Exercise/Conversion
Class A Common Stock
[F1]
2026-05-20+114,229→ 7,758,274 total
Tax Payment
Class A Common Stock
[F2]
2026-05-20$1.48/sh−241,701$357,717→ 7,516,573 total
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-05-20−375,000→ 1,875,000 total
→ Class A Common Stock (375,000 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-05-20−125,000→ 375,000 total
→ Class A Common Stock (125,000 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-05-20−114,229→ 685,374 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|2026-05-22

1 file