Ghamsari Nima 4

What Happened Nima Ghamsari, Head of Blend and a director, was granted two equity awards on Feb 18, 2026: 913,832 Restricted Stock Units (RSUs) and 913,836 Performance-based Restricted Stock Units (PSUs), a total of 1,827,668 contingent shares. The awards were reported as derivative grants with $0.00 per share at issuance (i.e., no cash purchase). These are grants (awards), not open-market purchases or sales, so they represent potential future shares rather than immediate stock transfers.

Key Details

• Transaction date: 2026-02-18; Form 4 filed 2026-02-20 (reporting period 2026-02-18).
• Award amounts: 913,832 RSUs and 913,836 PSUs (total 1,827,668 units); reported price $0.00 (acquisition value $0 at grant).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes of note:
  • F1/F3: Each RSU/PSU equals a contingent right to receive one share of BLND Class A common stock.
  • F2: RSUs vest in equal quarterly increments over two years, subject to continued service.
  • F4: PSUs vest in four equal tranches tied to Blend’s stock-price performance over a performance period ending Dec 31, 2029, and require continued service.
• Filing timeliness: Filed two days after the grant date; Form 4 is typically due within two business days, so this appears to be a timely filing.

Context These grants are derivative awards (contingent rights to future shares). RSUs provide shares based on continued employment (service vesting); PSUs only convert to shares if performance conditions tied to stock price are met during the performance window through Dec 31, 2029. Because the reported acquisition price is $0, the immediate reported value is zero; any actual economic value will depend on Blend’s future stock price and the satisfaction of vesting/service conditions. Grants are routine compensation for executives and do not alone indicate immediate buying or selling intent.