<SEC-DOCUMENT>0002050301-26-000002.txt : 20260224
<SEC-HEADER>0002050301-26-000002.hdr.sgml : 20260224
<ACCEPTANCE-DATETIME>20260224161008
ACCESSION NUMBER:		0002050301-26-000002
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20260220
FILED AS OF DATE:		20260224
DATE AS OF CHANGE:		20260224

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Venkatramani Srinivasan
		CENTRAL INDEX KEY:			0002050301
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40599
		FILM NUMBER:		26671633

	MAIL ADDRESS:	
		STREET 1:		405 KEARNY STREET
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94108

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Blend Labs, Inc.
		CENTRAL INDEX KEY:			0001855747
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		ORGANIZATION NAME:           	06 Technology
		EIN:				455211045
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		7250 REDWOOD BLVD., SUITE 300
		CITY:			NOVATO
		STATE:			CA
		ZIP:			94945
		BUSINESS PHONE:		(650) 550-4810

	MAIL ADDRESS:	
		STREET 1:		7250 REDWOOD BLVD., SUITE 300
		CITY:			NOVATO
		STATE:			CA
		ZIP:			94945
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4-02242026_040201.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2026-02-20</periodOfReport>

    <issuer>
        <issuerCik>0001855747</issuerCik>
        <issuerName>Blend Labs, Inc.</issuerName>
        <issuerTradingSymbol>BLND</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002050301</rptOwnerCik>
            <rptOwnerName>Venkatramani Srinivasan</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>7250 REDWOOD BLVD., SUITE 300</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NOVATO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94945</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>true</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>Head of Product Tech &amp; Cust Op</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2026-02-20</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>325000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>325000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2026-02-20</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F2"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>117488</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.72</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>207512</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2026-02-20</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>325000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>325000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>975000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Each Restricted Stock Unit (&quot;RSU&quot;) represents a contingent right to receive one share of BLND Class A Common Stock.</footnote>
        <footnote id="F2">Shares were withheld to cover tax obligations in connection with the vesting of RSUs.</footnote>
        <footnote id="F3">1/4th of the RSUs will vest on February 20, 2026, and the remaining RSUs will vest in equal quarterly increments over the following three year period, subject to the Reporting Person continuing to be a Service Provider through each such date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Kostian Ciko, Attorney-in-fact</signatureName>
        <signatureDate>2026-02-24</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>ex24-02242026_040201.htm
<TEXT>
<!DOCTYPE html PUBLIC "-//IETF//DTD HTML//EN">
<html><head><title>ex24-02242026_040201.htm</title></head><body style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<p style="margin:0px; font-size:11pt" align="center">POWER OF ATTORNEY </p>
<p style="margin-top:15.667px; margin-bottom:0px; text-indent:48.133px; font-size:11pt" align="justify">The undersigned, as a Section 16 reporting person of Blend Labs, Inc. (the <font style="font-family:Arial Unicode MS,Times New Roman">&ldquo;</font><b>Company</b><font style="font-family:Arial Unicode MS,Times New Roman">&rdquo;</font>), hereby constitutes and appoints Winnie Ling, Kostian Ciko, Oxana Tkach, Brian Kent and Holly Teague, the undersigned<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s true and lawful attorneys-in-fact to: &nbsp;</p>
<p style="margin-top:16.333px;margin-bottom:-1pt;font-size:1pt"></p><p style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-family:Arial; font-size:11pt; float:left">1.</p>
<p style="margin:0px; padding-left:96px; text-indent:-2px; font-size:11pt" align="justify">complete and execute Forms 3, 4, and 5 and other forms and all amendments thereto as such attorneys-in-fact shall, in their discretion, determine to be required or advisable &nbsp;pursuant to Section 16 of the Securities Exchange Act of 1934 (as amended) and the &nbsp;rules and regulations promulgated thereunder, or any successor laws and regulations, &nbsp;as a consequence of the undersigned<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s ownership, acquisition or disposition of securities of the Company; and &nbsp;</p>
<p style="margin-top:13.333px;margin-bottom:-1pt;font-size:1pt"></p><p style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-family:Arial; font-size:11pt; clear:left; float:left">2.</p>
<p style="margin:0px; padding-left:96px; text-indent:-2px; font-size:11pt" align="justify">do all acts necessary in order to file such forms with the Securities and Exchange &nbsp;Commission, any securities exchange or national association, the Company, and such &nbsp;other person or agency as the attorneys-in-fact shall deem appropriate. &nbsp;</p>
<p style="margin-top:16.333px; margin-bottom:0px; padding-left:0.067px; text-indent:48.067px; font-size:11pt; clear:left" align="justify">The undersigned hereby ratifies and confirms all that said attorneys-in-fact and agent shall do or cause to be done by virtue hereof. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934 (as amended). &nbsp;</p>
<p style="margin-top:16.4px; margin-bottom:0px; text-indent:48.133px; font-size:11pt" align="justify">This Power of Attorney shall remain in full force and effect until the undersigned is no longer &nbsp;required to file Forms 3, 4, and 5 with respect to the undersigned<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s holdings of and transactions in &nbsp;securities issued by the Company unless earlier revoked by the undersigned in a signed writing delivered to the Company and the foregoing attorneys-in-fact. &nbsp;</p>
<p style="margin-top:16.4px; margin-bottom:0px; padding-left:0.467px; padding-right:0.067px; text-indent:47.667px; font-size:11pt">IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of the date of the signature set forth below. &nbsp;</p>
<p style="margin-top:16.4px; margin-bottom:0px"><br></p>
<p style="margin-top:16.4px; margin-bottom:0px; padding-left:288.533px; padding-right:24px; font-size:11pt"><b>Signature</b>: &nbsp;<u>/s/ Srinivasan Venkatramani, 02/18/26</u></p>
<p style="margin-top:24px;margin-bottom:-1pt;font-size:1pt"></p><p style="margin-top:0px; margin-bottom:-2px; text-indent:288px; width:378px; font-size:11pt; float:left"><b>Print Name:</b></p>
<p style="margin:0px; padding-left:288px; padding-right:42px; text-indent:-2px; font-size:11pt"><u>&nbsp;Srinivasan Venkatramani</u></p>
<p style="margin-top:31.733px; margin-bottom:0px; clear:left"><br></p>
<p style="margin-top:31.733px; margin-bottom:0px"><br><br></p>
</body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
