Blend Labs (NYSE: BLND) Head of Revenue reports 1.6M RSUs position

Rhea-AI Filing Summary

Blend Labs, Inc. executive Matthew Christopher Thomson, Head of Revenue, reported an initial holding of Restricted Stock Units representing 1,600,000 shares of Class A Common Stock. Each RSU represents a contingent right to receive one share.

The RSUs vest in equal quarterly increments over a four-year period, conditioned on Thomson continuing to be a Service Provider through each vesting date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Thomson Matthew Christopher

Role Head of Revenue

Type	Security	Shares	Price	Value
holding	Restricted Stock Units	--	--	--

Holdings After Transaction: Restricted Stock Units — 1,600,000 shares (Direct, null)

Footnotes (1)

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock. 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.

Key Figures

RSUs underlying shares: 1,600,000 shares Total RSUs after reporting: 1,600,000 units Vesting period: 4 years +2 more

5 metrics

RSUs underlying shares 1,600,000 shares Underlying Class A Common Stock tied to RSUs

Total RSUs after reporting 1,600,000 units Total RSUs following the reported holding entry

Vesting period 4 years RSUs vest in equal quarterly increments over four years

Vesting frequency Quarterly Equal quarterly increments during the four-year vesting period

Exercise price $0.0000 per unit Exercise or conversion price for the RSUs

Key Terms

Restricted Stock Units, Class A Common Stock, Service Provider

3 terms

Restricted Stock Units financial

"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Class A Common Stock financial

"receive one share of BLND Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Service Provider financial

"subject to the Reporting Person continuing to be a Service Provider through each such date"

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Thomson Matthew Christopher

(Last) (First) (Middle)

7250 REDWOOD BLVD., SUITE 300

(Street)

NOVATO CALIFORNIA 94945

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/29/2026

3. Issuer Name and Ticker or Trading Symbol
Blend Labs, Inc. [ BLND ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Head of Revenue

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(1)	(2)	(2)	Class A Common Stock	1,600,000	(1)	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.

2. 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.

	/s/ Winnie Ling, Attorney-in-fact	05/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What insider position did Blend Labs (BLND) Head of Revenue report on Form 3?

Matthew Christopher Thomson, Head of Revenue at Blend Labs, reported holding Restricted Stock Units tied to 1,600,000 shares of Class A Common Stock. These RSUs represent a contingent right to receive shares rather than currently owned stock, reflecting a significant equity-based compensation position.

What does each Restricted Stock Unit reported by BLND’s executive represent?

Each Restricted Stock Unit reported by the Blend Labs executive represents a contingent right to receive one share of BLND Class A Common Stock. This means the insider will only receive the actual shares if the vesting and service conditions described in the filing are satisfied.

What is the vesting schedule for the 1,600,000 RSUs at Blend Labs (BLND)?

The 1,600,000 RSUs vest in equal quarterly increments over a four-year period. Vesting is conditioned on Matthew Christopher Thomson continuing to serve as a Service Provider through each applicable vesting date, aligning his equity compensation with ongoing employment at Blend Labs.

What conditions must be met for the Blend Labs RSUs to vest?

For the Blend Labs RSUs to vest, Matthew Christopher Thomson must continue to be a Service Provider through each vesting date. The units vest quarterly over four years, so ongoing service during this period is required before the underlying Class A Common Stock is delivered.

How many underlying BLND Class A shares are tied to the reported RSUs?

The reported Restricted Stock Units are tied to 1,600,000 underlying shares of BLND Class A Common Stock. The RSUs have an exercise price of $0.0000, meaning no additional cash payment is required when the units vest and convert into shares, subject to the vesting conditions.