Blend Labs (BLND) Head of Revenue Matthew Thomson Sells Shares

What Happened
Matthew Christopher Thomson, Head of Revenue at Blend Labs (BLND), reported a sale of 15,041 shares on August 5, 2026. The shares were disposed at a weighted average price of $2.00 per share (range $2.00–$2.005), for total proceeds of approximately $30,142. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date: 2026-08-05; Form 4 filed 2026-08-07 (timely, within the standard two-business-day window).
• Transaction type/code: Sale (S) — reported as open market or private sale.
• Shares sold: 15,041 at a weighted average price of $2.00; total proceeds ≈ $30,142. Footnote clarifies the sale price is a weighted average across $2.00–$2.005 per share.
• Plan/authorization: Sale effected pursuant to a Rule 10b5-1 trading plan adopted March 16, 2026 (prearranged plan).
• Shares owned after transaction: not disclosed in the provided filing details.
• Filing timeliness: Report appears timely (filed within two business days of the transaction).

Context
Sales executed under a 10b5-1 plan are pre-scheduled and generally viewed as routine rather than a spontaneous signal about the company. For retail investors, purchases often carry more interpretive weight than routine sales; this single, modest-value sale does not by itself indicate a change in insider sentiment.