Company: BLND
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001855747-25-000024
Chunk: 54

Company: Blend Labs, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 54
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SACTIONS
The following is a description of each transaction since the beginning of our last fiscal year, and each currently proposed transaction, in which:

• we have been or are to be a participant;

• the amount involved exceeded or exceeds $120,000;

• any of our director nominees, executive officers, or beneficial holders of more than 5% of any class of our voting securities, or any immediate family member of, or person sharing the household with, any of these individuals or entities, had or will have a direct or indirect material interest.

#### Investors’ Rights Agreement
We are party to an amended and restated investors’ rights agreement, dated as of January 11, 2021, or the investors’ rights agreement, which provides, among other things, that certain holders of our capital stock, including entities affiliated with Greylock Partners and Lightspeed have the right to demand that we file a registration statement or request that their shares of our capital stock be covered by a registration statement that we are otherwise filing. Gerald Chen, a member of our board of directors, is or has been affiliated with Greylock Partners. Lightspeed is a holder of more than 5% of our Class A common stock.

#### Agreement with Haveli
On April 29, 2024, we entered into an Investment Agreement with Haveli, relating to the issuance and sale by us to Haveli of 150,000 shares of Series A Convertible Preferred Stock, par value $0.00001 per share (the “Series A Preferred Stock”), for an aggregate purchase price of $150 million, or $1,000 per share, as well as a warrant to purchase 11,111,112 shares of our Class A common stock for an exercise price of $4.50 per share. Mr. Sheth, a member of our board of directors and our Compensation Committee since April 2024, is affiliated with Haveli. The Investment Agreement provides that so long as certain conditions are met, including Haveli’s continued ownership of at least 33% of our Series A Preferred Stock, Haveli will have the right to designate a director nominee for election to our board of directors, which at this time is Mr. Sheth. The Investment Agreement also includes certain standstill provisions and transfer restrictions with respect to our Series A Preferred Stock. In addition, holders of our Series A Preferred Stock are entitled to a separate class vote with respect to certain matters, each as set forth in the Certificate of Designations of