Ling Winnie, Head of Legal, has demonstrated a consistent pattern of selling shares in Blend (BLND) over the past two years, with no recorded purchases in the same period. According to SEC Form 4 filings, Winnie executed 25 transactions totaling $513,939.72 in sales, with no offsetting buys. The most recent activity includes a $45,222.24 sale on February 20, 2026, following a $48,500.16 transaction on November 20, 2025. Earlier sales were more frequent, with multiple disposals in late 2025, including a $70,063 sale on September 5 and a $98,237.37 transaction on August 20 of that year. Smaller but regular sales occurred throughout mid-2025, such as $14,000 on August 22 and $14,360 on July 24.
The transactions suggest a sustained divestment strategy rather than sporadic profit-taking, as sales have occurred across multiple quarters without any repurchases. Notably, the largest single sale—$98,237.37—took place in August 2025, followed by a gradual reduction in position size through 2026. While the filings do not indicate the reasons behind the sales, the absence of buying activity and the repeated disposals point to a deliberate reduction in exposure to BLND. The consistency of these transactions, particularly the lack of acquisitions, distinguishes Winnie’s trading behavior from insiders who balance sales with periodic buys.
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