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STOCK TITAN

[Form 4] Blend Labs, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Blend Labs, Inc. (BLND) filed a Form 4 disclosing that Winnie Ling, the company’s Head of Legal and People, sold 4,000 Class A common shares on 10 July 2025 at $3.54 per share. The sale was executed under a Rule 10b5-1 trading plan adopted on 14 March 2025.

The transaction generated roughly $14,160 in proceeds and leaves Ling with 380,018 shares held directly. The divestiture equates to about 1 % of her post-transaction stake, indicating that she maintains a substantial ownership position.

Because the trade was pre-scheduled and represents a small fraction of the insider’s holdings, it is unlikely to have a material impact on Blend Labs� share supply or signal a change in corporate outlook. Nevertheless, investors often monitor insider activity for sentiment cues, so continued trends in insider buying or selling could influence market perception.

Blend Labs, Inc. (BLND) ha presentato un Modulo 4 in cui comunica che Winnie Ling, Responsabile Legale e delle Risorse Umane dell’azienda, ha venduto 4.000 azioni ordinarie di Classe A il 10 luglio 2025 al prezzo di 3,54 $ per azione. La vendita è stata effettuata nell’ambito di un piano di trading Rule 10b5-1 adottato il 14 marzo 2025.

L’operazione ha generato circa 14.160 $ di proventi e lascia Ling con 380.018 azioni detenute direttamente. La cessione corrisponde a circa l�1% della sua partecipazione post-transazione, segnalando che mantiene una posizione di proprietà significativa.

Poiché la transazione era programmata in anticipo e rappresenta una piccola parte delle partecipazioni dell’insider, è improbabile che abbia un impatto rilevante sull’offerta di azioni di Blend Labs o che indichi un cambiamento nelle prospettive aziendali. Tuttavia, gli investitori spesso seguono l’attività degli insider per cogliere segnali di sentiment, quindi eventuali trend continui di acquisto o vendita da parte degli insider potrebbero influenzare la percezione del mercato.

Blend Labs, Inc. (BLND) presentó un Formulario 4 revelando que Winnie Ling, la Jefa del Ãrea Legal y de Personas de la empresa, vendió 4.000 acciones ordinarias Clase A el 10 de julio de 2025 a 3,54 $ por acción. La venta se realizó bajo un plan de negociación Rule 10b5-1 adoptado el 14 de marzo de 2025.

La transacción generó aproximadamente 14.160 $ en ingresos y deja a Ling con 380.018 acciones en propiedad directa. La desinversión equivale a cerca del 1% de su participación tras la operación, lo que indica que mantiene una posición significativa de propiedad.

Dado que la operación fue programada previamente y representa una pequeña fracción de las tenencias del insider, es poco probable que tenga un impacto material en la oferta de acciones de Blend Labs o que señale un cambio en la perspectiva corporativa. Sin embargo, los inversores suelen monitorear la actividad de los insiders para detectar señales de sentimiento, por lo que las tendencias continuas en compras o ventas internas podrían influir en la percepción del mercado.

Blend Labs, Inc. (BLND)ëŠ� 2025ë…� 7ì›� 10ì¼ì— 회사ì� 법무 ë°� ì¸ì‚¬ ì±…ìž„ìžì¸ Winnie Lingì� 4,000ì£� í´ëž˜ìŠ� A 보통ì£�ë¥� 주당 3.54달러ì—� 매ë„했다ëŠ� ë‚´ìš©ì� ë‹´ì€ Form 4ë¥� 제출했습니다. ì� 매ë„ëŠ� 2025ë…� 3ì›� 14ì¼ì— 채íƒë� Rule 10b5-1 거래 계íšì—� ë”°ë¼ ì´ë£¨ì–´ì¡ŒìŠµë‹ˆë‹�.

ì´ë²ˆ 거래ë¡� ì•� 14,160달러ì� 수ìµì� ë°œìƒí–ˆìœ¼ë©�, Lingì€ ì§ì ‘ 보유í•� 380,018ì£�ë¥� 유지하고 있습니다. 매ë„í•� 주ì‹ì€ 거래 í›� ì§€ë¶„ì˜ ì•� 1%ì—� 해당하며, 여전íž� ìƒë‹¹í•� 소유 ì§€ë¶„ì„ ë³´ìœ í•˜ê³  있ìŒì� 나타냅니ë‹�.

거래가 사전ì—� 계íšë� 것ì´ê³� ë‚´ë¶€ìž� 보유 ì§€ë¶„ì˜ ì¼ë¶€ì—� 불과하기 때문ì—� Blend Labsì� ì£¼ì‹ ê³µê¸‰ì—� í� ì˜í–¥ì� 미치거나 기업 ì „ë§ì� 변화를 시사í•� ê°€ëŠ¥ì„±ì€ ë‚®ìŠµë‹ˆë‹¤. 그럼ì—ë„ ë¶ˆêµ¬í•˜ê³  투ìžìžë“¤ì€ ë‚´ë¶€ìž� 거래 ë™í–¥ì� íˆ¬ìž ì‹¬ë¦¬ì� 신호ë¡� ìžì£¼ 관찰하ê¸� 때문ì—� ë‚´ë¶€ìž� 매수 ë˜ëŠ” ë§¤ë„ ì¶”ì„¸ê°€ ì§€ì†ë˜ë©� 시장 ì¸ì‹ì—� ì˜í–¥ì� ì¤� ìˆ� 있습니다.

Blend Labs, Inc. (BLND) a déposé un formulaire 4 révélant que Winnie Ling, responsable juridique et des ressources humaines de la société, a vendu 4 000 actions ordinaires de classe A le 10 juillet 2025 au prix de 3,54 $ par action. La vente a été réalisée dans le cadre d’un plan de négociation Rule 10b5-1 adopté le 14 mars 2025.

Cette transaction a généré environ 14 160 $ de recettes et laisse Ling avec 380 018 actions détenues directement. La cession représente environ 1 % de sa participation après la transaction, indiquant qu’elle conserve une position de propriété importante.

Étant donné que la transaction était programmée à l’avance et représente une faible fraction des avoirs de l’initié, il est peu probable qu’elle ait un impact significatif sur l’offre d’actions de Blend Labs ou qu’elle indique un changement dans les perspectives de l’entreprise. Néanmoins, les investisseurs surveillent souvent l’activité des initiés pour détecter des signaux de sentiment, de sorte que des tendances continues d’achats ou de ventes d’initiés pourraient influencer la perception du marché.

Blend Labs, Inc. (BLND) reichte ein Formular 4 ein, in dem offengelegt wurde, dass Winnie Ling, die Leiterin der Rechts- und Personalabteilung des Unternehmens, am 10. Juli 2025 4.000 Class A Stammaktien zu je 3,54 $ verkauft hat. Der Verkauf erfolgte im Rahmen eines am 14. März 2025 angenommenen Rule 10b5-1 Handelsplans.

Die Transaktion brachte rund 14.160 $ Erlös ein und lässt Ling mit 380.018 direkt gehaltenen Aktien zurück. Der Verkauf entspricht etwa 1 % ihres Anteils nach der Transaktion, was darauf hinweist, dass sie weiterhin eine bedeutende Eigentumsposition innehat.

Da der Handel vorab geplant war und nur einen kleinen Teil der Insider-Bestände ausmacht, ist es unwahrscheinlich, dass er einen wesentlichen Einfluss auf das Aktienangebot von Blend Labs hat oder eine Änderung der Unternehmensperspektive signalisiert. Dennoch beobachten Investoren Insider-Aktivitäten oft als Stimmungsindikatoren, sodass anhaltende Trends beim Kauf oder Verkauf von Insidern die Marktstimmung beeinflussen könnten.

Positive
  • Sale executed under a Rule 10b5-1 plan, demonstrating compliance and reducing concerns about opportunistic trading.
  • Insider retains a large position of 380,018 shares, suggesting continued alignment with shareholder interests.
Negative
  • Insider sale, even if small, can be interpreted by some investors as a lack of near-term confidence.
  • Reduction of insider ownership, albeit only about 1 %, slightly lowers insider skin-in-the-game.

Insights

TL;DR � Minor, pre-planned insider sale; neutral impact on BLND.

The 4,000-share disposition is worth only about $14 k and reduces Winnie Ling’s holdings to 380 k shares, a negligible change. The use of a 10b5-1 plan eliminates timing-related signalling risk and shows procedural compliance. Given the modest size (�1 % of her stake) and the fact that no other insiders are involved, this filing does not alter Blend Labs� fundamental outlook or capital structure. I view the event as neutral for valuation, though continued insider selling could invite negative sentiment if the pattern persists.

Blend Labs, Inc. (BLND) ha presentato un Modulo 4 in cui comunica che Winnie Ling, Responsabile Legale e delle Risorse Umane dell’azienda, ha venduto 4.000 azioni ordinarie di Classe A il 10 luglio 2025 al prezzo di 3,54 $ per azione. La vendita è stata effettuata nell’ambito di un piano di trading Rule 10b5-1 adottato il 14 marzo 2025.

L’operazione ha generato circa 14.160 $ di proventi e lascia Ling con 380.018 azioni detenute direttamente. La cessione corrisponde a circa l�1% della sua partecipazione post-transazione, segnalando che mantiene una posizione di proprietà significativa.

Poiché la transazione era programmata in anticipo e rappresenta una piccola parte delle partecipazioni dell’insider, è improbabile che abbia un impatto rilevante sull’offerta di azioni di Blend Labs o che indichi un cambiamento nelle prospettive aziendali. Tuttavia, gli investitori spesso seguono l’attività degli insider per cogliere segnali di sentiment, quindi eventuali trend continui di acquisto o vendita da parte degli insider potrebbero influenzare la percezione del mercato.

Blend Labs, Inc. (BLND) presentó un Formulario 4 revelando que Winnie Ling, la Jefa del Ãrea Legal y de Personas de la empresa, vendió 4.000 acciones ordinarias Clase A el 10 de julio de 2025 a 3,54 $ por acción. La venta se realizó bajo un plan de negociación Rule 10b5-1 adoptado el 14 de marzo de 2025.

La transacción generó aproximadamente 14.160 $ en ingresos y deja a Ling con 380.018 acciones en propiedad directa. La desinversión equivale a cerca del 1% de su participación tras la operación, lo que indica que mantiene una posición significativa de propiedad.

Dado que la operación fue programada previamente y representa una pequeña fracción de las tenencias del insider, es poco probable que tenga un impacto material en la oferta de acciones de Blend Labs o que señale un cambio en la perspectiva corporativa. Sin embargo, los inversores suelen monitorear la actividad de los insiders para detectar señales de sentimiento, por lo que las tendencias continuas en compras o ventas internas podrían influir en la percepción del mercado.

Blend Labs, Inc. (BLND)ëŠ� 2025ë…� 7ì›� 10ì¼ì— 회사ì� 법무 ë°� ì¸ì‚¬ ì±…ìž„ìžì¸ Winnie Lingì� 4,000ì£� í´ëž˜ìŠ� A 보통ì£�ë¥� 주당 3.54달러ì—� 매ë„했다ëŠ� ë‚´ìš©ì� ë‹´ì€ Form 4ë¥� 제출했습니다. ì� 매ë„ëŠ� 2025ë…� 3ì›� 14ì¼ì— 채íƒë� Rule 10b5-1 거래 계íšì—� ë”°ë¼ ì´ë£¨ì–´ì¡ŒìŠµë‹ˆë‹�.

ì´ë²ˆ 거래ë¡� ì•� 14,160달러ì� 수ìµì� ë°œìƒí–ˆìœ¼ë©�, Lingì€ ì§ì ‘ 보유í•� 380,018ì£�ë¥� 유지하고 있습니다. 매ë„í•� 주ì‹ì€ 거래 í›� ì§€ë¶„ì˜ ì•� 1%ì—� 해당하며, 여전íž� ìƒë‹¹í•� 소유 ì§€ë¶„ì„ ë³´ìœ í•˜ê³  있ìŒì� 나타냅니ë‹�.

거래가 사전ì—� 계íšë� 것ì´ê³� ë‚´ë¶€ìž� 보유 ì§€ë¶„ì˜ ì¼ë¶€ì—� 불과하기 때문ì—� Blend Labsì� ì£¼ì‹ ê³µê¸‰ì—� í� ì˜í–¥ì� 미치거나 기업 ì „ë§ì� 변화를 시사í•� ê°€ëŠ¥ì„±ì€ ë‚®ìŠµë‹ˆë‹¤. 그럼ì—ë„ ë¶ˆêµ¬í•˜ê³  투ìžìžë“¤ì€ ë‚´ë¶€ìž� 거래 ë™í–¥ì� íˆ¬ìž ì‹¬ë¦¬ì� 신호ë¡� ìžì£¼ 관찰하ê¸� 때문ì—� ë‚´ë¶€ìž� 매수 ë˜ëŠ” ë§¤ë„ ì¶”ì„¸ê°€ ì§€ì†ë˜ë©� 시장 ì¸ì‹ì—� ì˜í–¥ì� ì¤� ìˆ� 있습니다.

Blend Labs, Inc. (BLND) a déposé un formulaire 4 révélant que Winnie Ling, responsable juridique et des ressources humaines de la société, a vendu 4 000 actions ordinaires de classe A le 10 juillet 2025 au prix de 3,54 $ par action. La vente a été réalisée dans le cadre d’un plan de négociation Rule 10b5-1 adopté le 14 mars 2025.

Cette transaction a généré environ 14 160 $ de recettes et laisse Ling avec 380 018 actions détenues directement. La cession représente environ 1 % de sa participation après la transaction, indiquant qu’elle conserve une position de propriété importante.

Étant donné que la transaction était programmée à l’avance et représente une faible fraction des avoirs de l’initié, il est peu probable qu’elle ait un impact significatif sur l’offre d’actions de Blend Labs ou qu’elle indique un changement dans les perspectives de l’entreprise. Néanmoins, les investisseurs surveillent souvent l’activité des initiés pour détecter des signaux de sentiment, de sorte que des tendances continues d’achats ou de ventes d’initiés pourraient influencer la perception du marché.

Blend Labs, Inc. (BLND) reichte ein Formular 4 ein, in dem offengelegt wurde, dass Winnie Ling, die Leiterin der Rechts- und Personalabteilung des Unternehmens, am 10. Juli 2025 4.000 Class A Stammaktien zu je 3,54 $ verkauft hat. Der Verkauf erfolgte im Rahmen eines am 14. März 2025 angenommenen Rule 10b5-1 Handelsplans.

Die Transaktion brachte rund 14.160 $ Erlös ein und lässt Ling mit 380.018 direkt gehaltenen Aktien zurück. Der Verkauf entspricht etwa 1 % ihres Anteils nach der Transaktion, was darauf hinweist, dass sie weiterhin eine bedeutende Eigentumsposition innehat.

Da der Handel vorab geplant war und nur einen kleinen Teil der Insider-Bestände ausmacht, ist es unwahrscheinlich, dass er einen wesentlichen Einfluss auf das Aktienangebot von Blend Labs hat oder eine Änderung der Unternehmensperspektive signalisiert. Dennoch beobachten Investoren Insider-Aktivitäten oft als Stimmungsindikatoren, sodass anhaltende Trends beim Kauf oder Verkauf von Insidern die Marktstimmung beeinflussen könnten.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Ling Winnie

(Last) (First) (Middle)
7250 REDWOOD BLVD., SUITE 300

(Street)
NOVATO CA 94945

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Blend Labs, Inc. [ BLND ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
HEAD OF LEGAL AND PEOPLE
3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 07/10/2025 S(1) 4,000 D $3.54 380,018 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025.
/s/ Winnie Ling 07/14/2025
** 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 4 (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.

FAQ

How many Blend Labs (BLND) shares did Winnie Ling sell?

She sold 4,000 Class A common shares.

What was the transaction price for the BLND insider sale?

The shares were sold at $3.54 per share.

When did the insider transaction occur?

The sale took place on July 10, 2025.

How many BLND shares does Winnie Ling own after the sale?

She now directly owns 380,018 shares.

Was the BLND insider sale conducted under a 10b5-1 plan?

Yes. The filing states the sale was made under a Rule 10b5-1 trading plan adopted on March 14, 2025.
Blend Labs Inc

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Software - Application
Services-computer Programming, Data Processing, Etc.
United States
NOVATO