Blend Labs Director Bryan Sullivan's RSU Vesting and Stock Acquisition
This Form 4 filing discloses that Bryan Sullivan, a director of Blend Labs, Inc., had 50,000 restricted stock units (RSUs) vest on June 11, 2026. The RSUs converted to Class A Common Stock at a price of $0 per share, representing a compensation award rather than a market purchase. Following this transaction, Sullivan acquired 50,000 additional shares of Class A Common Stock, bringing his total holdings to 100,000 shares. The RSUs vested based on either the one-year anniversary of the grant date or the day before the company's next annual shareholder meeting, whichever occurred earlier, contingent on Sullivan continuing to serve as a director. The filing includes a power of attorney document authorizing company representatives to file future Section 16 reports on Sullivan's behalf.