Thomson Matthew Christopher 4

What Happened

• Matthew Thomson, Head of Revenue at Blend Labs (BLND), reported the conversion/vesting of RSUs into common shares on May 20, 2026. The filing shows 100,000 RSUs converted to shares. To cover tax obligations, 24,797 shares were withheld, with the withheld shares valued at $1.48 each for a cash equivalent of about $36,700. Net shares issued to Thomson after withholding were approximately 75,203.

Key Details

• Transaction date: 2026-05-20 (Form 4 filed 2026-05-22).
• Reported transactions: conversion/exercise of RSUs (reported as derivative transactions) totaling 100,000 shares; 24,797 shares withheld for taxes at $1.48/share (cash value ≈ $36,700).
• Shares owned after the transaction: not specified in the provided data.
• Footnotes: F1 — each RSU converts to one share of BLND Class A common stock; F2 — shares were withheld to cover tax obligations; F3 — RSUs vest in equal quarterly installments over four years, subject to continued service.
• Filing timeliness: Filed within the normal two-business-day window (not reported late).

Context

• This was not an open-market sale or purchase but a routine RSU vesting event. The withholding of shares to pay taxes is a common administrative action (not a market sale), so it does not necessarily indicate trading sentiment by the insider.