Ghamsari Nima 4

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.