Company: BLND
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001855747-25-000069
Chunk: 183

Company: Blend Labs, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 3
Chunk 183
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 after price appreciation, which may never occur, as the only way to realize any future gains on their investment. 

ITEM 2. RECENT SALES OF UNREGISTERED SECURITIES AND USE OF PROCEEDS

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

The following table summarizes the share repurchase activity for the three months ended June 30, 2025:

PeriodTotal Number of Shares Purchased(in thousands)(1)Average Price Paid Per ShareTotal Number of Shares Purchased as Part of Publicly Announced Programs (in thousands)(1)Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program(in millions)(1)April 1-30345$3.02 345$20.9 May 1-31— $— — $20.9 June 1-30— $— — $20.9 Total345 $3.25 345 $20.9 

 (1) On August 6, 2024, our board of directors authorized the repurchase of up to $25.0 million of our Class A common stock. As of June 30, 2025, 1,267,662 shares were repurchased under the program. Refer to Note 10, Stockholders Equity, of the Notes to Unaudited Condensed Consolidated Financial Statements included in Part II, Item 8 of this Quarterly Report on Form 10-Q, for additional information.