Company: BLND
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001855747-25-000024
Chunk: 37

Company: Blend Labs, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 37
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       |   625,000 |
|                                                      |     | 2023 |     |        | 369,231 |     |       | 1,004,000 |              |     |        | 3,600,850 |     |                                            | 200,000 |            |     |              | 5,000 |          |     |       | 5,179,081 |
| Srinivasan Venkatramani                              
 Head of Product, Technology, and Customer Operations |     | 2024 |     |        |  25,962 |     |       |           | 1,000,000(4) |     |        |         — |     |                                            |       — |            |     |              |     — |          |     |       | 1,025,962 |

_______________________________

(1) The amounts reported represent the aggregate grant-date fair value of the RSUs and performance-based restricted stock units (“PSUs”) awarded to the named executive officers in 2023, calculated in accordance with ASU No. 2016 09 “Compensation-Stock Compensation (Topic 718)” (“ASC 718”) based on target levels of achievement (the probable outcome at grant and which represent the maximum level of achievement) in the case of PSUs. The grant date fair value of the RSUs was calculated based on the closing price of our Class A common stock on the date of grant or, if the grant date was not a trading day, the closing price on the last market trading day prior to the date of grant, and does not take into account any estimated forfeitures related to time-based vesting conditions. The grant date fair value of the PSUs was calculated based on $0.65 per share, which was determined using a Monte Carlo simulation model. The Monte Carlo simulation included various assumptions such as the risk-free interest rate,

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expected volatility of our stock price, and expected life of the award. The assumptions used in the valuation of these awards are set forth in Note 13, “Stock-Based Compensation,” in the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K filed on March 14, 2024. These amounts do not reflect the actual economic value that may be realized by the named executive officer.

(2) The amount reported represents an annual cash bonus in the amount of $220,000, based on achieving performance objectives established by our board of directors or its designated