Ling Winnie 4
4 · Blend Labs, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Blend Labs (BLND) Head of Legal Ling Winnie Receives Award
What Happened
Ling Winnie, Head of Legal and People at Blend Labs (BLND), was granted a total of 391,640 derivative awards on February 18, 2026: 313,312 restricted stock units (RSUs) and 78,328 performance-based restricted stock units (PSUs). Each award was granted at $0.00 (no cash paid); the filing shows these are contingent rights to receive Class A common stock if vesting conditions are met.
Key Details
- Transaction date: 2026-02-18; Form 4 filed 2026-02-20 (two business days later, within the standard Form 4 reporting window).
- Award type/code: "A" = Grant/Award (derivative securities). Price reported: $0.00.
- Total awards: 313,312 RSUs + 78,328 PSUs = 391,640 contingent shares.
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes:
- F1/F2 — RSUs: each RSU converts to one share if and when vested; RSUs vest in equal quarterly increments over two years, subject to continued service.
- F3/F4 — PSUs: each PSU converts to one share if and when earned; PSUs vest in up to four equal tranches based on Blend’s stock-price performance over a performance period ending Dec 31, 2029, subject to continued service.
Context
These are compensation awards (not open-market purchases or sales). RSUs provide shares over time if the executive remains employed; PSUs depend on future stock-performance targets and may not convert to shares if targets aren’t met. Awards at $0 are common for employee compensation and do not by themselves signal a buy or sell decision.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-18+313,312→ 313,312 total→ Class A Common Stock (313,312 underlying) - Award
Performance-based Restricted Stock Units
[F3][F4]2026-02-18+78,328→ 78,328 total→ Class A Common Stock (78,328 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
- [F2]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.
- [F3]Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of BLND Class A Common Stock.
- [F4]The PSUs are eligible to vest in four (4) equal tranches based on the Company's stock price performance over a performance period commencing on the grant date and ending December 31, 2029, subject to the Reporting Person continuing to be a Service Provider through each such date.