Tkach Oxana 4

What Happened

• Oxana Tkach, Principal Accounting Officer of Blend Labs (BLND), had restricted stock units (RSUs) convert into a total of 75,000 Class A common shares on May 20, 2026. As part of the vesting/conversion, 10,666 shares were withheld to satisfy tax obligations, valued at $1.48 per share for a withholding total of $15,786.
• The Form 4 shows the RSU conversions/exercises (transaction code M) and the tax withholding (transaction code F). The conversions appear as $0 cash proceeds (standard for RSU-to-share settlement), while the withholding generated the share disposition to cover taxes.

Key Details

• Transaction date: May 20, 2026; Form filed May 22, 2026 (timely filing).
• Total shares converted/received: 75,000 shares (multiple derivative conversion entries).
• Shares withheld for taxes: 10,666 shares at $1.48 each = $15,786.
• Footnotes: F1—each RSU equals one share; F2—shares were withheld to cover tax obligations; F3/F4—RSUs vest in equal quarterly increments over 4-year and 2-year schedules (service-based vesting).
• Shares owned after the transaction: not disclosed in the provided filing summary.

Context

• This was an RSU vesting/conversion event (not an open-market purchase or sale). The $0 sale entries for the derivative conversions reflect settlement of RSUs into shares rather than a cash sale; the withholding is effectively a "sell-to-cover" to meet tax liabilities.
• Such transactions are routine compensation-related events and do not by themselves indicate the insider’s view on the company’s stock.