Company: BLND
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001855747-25-000024
Chunk: 44

Company: Blend Labs, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 44
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ramani. The offer letter does not have a specific term and provides that Mr. Venkatramani is an at-will employee. Mr. Venkatramani’s current annual base salary is $450,000 and he is eligible to receive an annual cash bonus with a target value of $200,000, based on achieving performance objectives established by our board of directors or its designated committee. Mr. Venkatramani received a $1,000,000 signing bonus that will be earned if he remains continuously employed by the company for at least one-year from the date Mr. Venkatramani receiving the signing bonus. If Mr. Venkatramani terminates his employment with us for any reason or if his employment with us is terminated by the company for cause (as defined in the letter agreement), in either event, prior to the one-year anniversary of receiving his signing bonus, Mr. Venkatramani must repay the signing bonus within 30 days of such termination.

Potential Payments upon Termination or Change in Control

We have entered into a change in control severance agreement with each of Messrs. Ghamsari, Jafari and Venkatramani that provide for certain severance and change in control benefits only in the circumstances as described below.

Pursuant to the terms of the applicable change in control severance agreement, if, during the period beginning three months prior to a change in control (as defined in such agreement) and ending 12 months following a change in control, the named executive officer’s employment is terminated either (i) by us (or any of our subsidiaries) without cause (as defined in such agreement) (and other than by reason of death or disability) or (ii) by the named executive officer for good reason (as defined in such agreement), the named executive officer is entitled to receive the following benefits if the named executive officer timely signs and does not revoke our then-standard separation agreement and release of claims in our favor:

• 100% accelerated vesting (and exercisability as applicable) of all equity awards outstanding as of the date of such termination and, in the case of an equity award with performance-based vesting unless otherwise specified in the applicable equity award agreement governing such award, all performance goals and other vesting criteria is deemed achieved at 100% of target levels.

The named executive officer’s receipt of any vesting acceleration upon a qualifying termination is subject to such named executive officer having resigned from all officer and director positions with all members of the company group and executing any documents