Nima Ghamsari - Nov 20, 2025 Form 4 Insider Report for Blend Labs, Inc. (BLND)

Role
HEAD OF BLEND, Director
Signature
/s/ Winnie Ling, Attorney-in-fact
Stock symbol
BLND
Transactions as of
Nov 20, 2025
Transactions value $
-$598,123
Form type
4
Date filed
11/24/2025, 05:00 PM
Previous filing
Oct 31, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ghamsari Nima HEAD OF BLEND, Director 7250 REDWOOD BLVD., SUITE 300, NOVATO /s/ Winnie Ling, Attorney-in-fact 2025-11-24 0001870974

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLND Class A Common Stock Options Exercise +375K +5.83% 6.8M Nov 20, 2025 Direct F1
transaction BLND Class A Common Stock Options Exercise +125K +1.84% 6.93M Nov 20, 2025 Direct F1
transaction BLND Class A Common Stock Tax liability -$598K -197K -2.84% $3.04 6.73M Nov 20, 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BLND Restricted Stock Units Options Exercise $0 -375K -12.5% $0.00 2.63M Nov 20, 2025 Class A Common Stock 375K Direct F1, F3
transaction BLND Restricted Stock Units Options Exercise $0 -125K -16.67% $0.00 625K Nov 20, 2025 Class A Common Stock 125K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
F2 Shares were withheld to cover tax obligations in connection with the vesting of RSUs.
F3 The RSUs will vest in equal quarterly increments over a four year period, subject to the Reporting Person continuing to be a Service Provider through each such date.
F4 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.