Tkach Oxana 4

What Happened

• Oxana Tkach, Blend Labs' Principal Accounting Officer, had restricted stock units (RSUs) convert into common shares on Feb 20, 2026. The filing shows conversions totaling 75,000 RSUs. To cover tax withholding related to the vesting, 12,654 shares were withheld (disposed) at $1.72 per share, generating $21,765. Net shares issued to the reporting person after withholding: 62,346.

Key Details

• Transaction date: 2026-02-20; Form 4 filed 2026-02-24 (filed within the standard 2-business-day window).
• Derivative/award codes: M = exercise/conversion of a derivative (RSU conversion); F = shares withheld to cover tax liability.
• Shares converted: 25,000 + 12,500 + 25,000 + 12,500 = 75,000 RSUs converted to shares.
• Shares withheld for taxes: 12,654 shares at $1.72 per share = $21,765 withheld.
• Net shares received by insider: 62,346 (75,000 − 12,654).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: RSUs represent contingent rights to receive one Class A share each (F1); shares were withheld to cover tax obligations (F2); vesting schedules noted (quarterly over 2- and 4-year schedules, F3/F4).

Context

• This was an award/vesting event (RSU conversion), not an open-market purchase or sale. The withheld shares are a routine tax-withholding settlement and do not necessarily indicate a buy/sell market sentiment. For derivative filings like this, the M code reflects exercise/conversion of awards; the F code reflects tax withholding.