Form 4: Blend Labs Executive Nima Ghamsari Reports Stock Transactions

Nima Ghamsari, Head of Blend Labs, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units related to vesting and tax obligations.

Summary

• Nima Ghamsari, Head of Blend Labs, filed a Form 4 detailing changes in beneficial ownership.
• On May 20, 2025, Ghamsari acquired 375,000 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• An additional 125,000 shares of Class A Common Stock were acquired through the vesting of RSUs on the same date.
• Ghamsari also disposed of 196,751 shares of Class A Common Stock to cover tax obligations related to the vesting of RSUs at a price of $3.65 per share.
• Following these transactions, Ghamsari directly owns 6,065,937 shares of Class A Common Stock.
• Ghamsari also holds 3,375,000 RSUs that vest quarterly over four years and 875,000 RSUs that vest quarterly over two years, contingent on continued service.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

Form 4, Blend Labs, BLND, Nima Ghamsari, Class A Common Stock, Restricted Stock Units, Beneficial Ownership, SEC Filing