A Form 4 filed on September 15, 2026 reports that Venkatramani Srinivasan, Head of Product Tech & Cust Op at Blend Labs, Inc. (NYSE:BLND), sold 74,705 shares of Class A Common Stock on September 11, 2026 pursuant to a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Venkatramani Srinivasan, officer titled Head of Product Tech & Cust Op at Blend Labs, Inc.
  • Shares sold: 74,705 shares of Class A Common Stock disposed of (transaction code S) on September 11, 2026.
  • Weighted average price: $1.43 per share, with individual sale prices ranging from $1.40 to $1.455 per share, according to the filing.
  • Remaining ownership: 236,563 shares of Class A Common Stock beneficially owned directly following the transaction.
  • 10b5-1 plan: The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2026.
  • Filing date: September 15, 2026, signed by Kostian Ciko as attorney-in-fact.

Srinivasan's Class A Common Stock Sale at Blend Labs

According to the filing, Venkatramani Srinivasan, serving as Head of Product Tech & Cust Op at Blend Labs, Inc. (NYSE:BLND), disposed of 74,705 shares of Class A Common Stock on September 11, 2026. The transaction is recorded under transaction code S, indicating an open-market sale. The filing notes that the sales were made directly and that Srinivasan retains direct beneficial ownership of 236,563 shares following the reported transaction.

The filing discloses that the reported weighted average sale price was $1.43 per share, with actual individual transaction prices ranging from $1.40 to $1.455 per share. The filing states that "upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4."

The filing further discloses that the sales were effected pursuant to a Rule 10b5-1 trading plan that Srinivasan adopted on June 12, 2026. The form also indicates, via a checked box, that the transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). No derivative securities transactions were reported in Table II of this filing.

What Was Disclosed

Blend Labs officer Venkatramani Srinivasan reported the sale of 74,705 shares of Class A Common Stock at a weighted average price of $1.43 per share on September 11, 2026, under a Rule 10b5-1 plan, leaving him with 236,563 shares directly held.