Company: BLND
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001855747-25-000024
Chunk: 26

Company: Blend Labs, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 26
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 Policy provides that no non-employee director may be issued in any fiscal year, cash payments or equity awards with a combined value greater than $500,000. Any equity awards or other compensation granted to an individual for their services as an employee, or for their services as a consultant (other than as a non-employee director) will not count for purposes of the limitation. The maximum limit does not reflect the intended size of any potential compensation or equity awards to our non-employee directors.

#### Cash Compensation
Effective as of the Amendment Effective Date, each non-employee director is paid an annual cash retainer of $35,000. There are no per-meeting attendance fees for attending board of director meetings.

Additionally, effective as of the Amendment Effective Date, each non-employee director who serves as chair or a member of a committee of the board of directors is paid additional annual fees as follows:

• $20,000 for service as chair of the Audit Committee;

• $10,000 for service as a member of the Audit Committee (other than as chair);

• $10,000 for service as chair of the Nominating and Corporate Governance Committee;

• $5,000 for service as a member of the Nominating and Corporate Governance Committee (other than as chair);

• $15,000 for service as chair of the Compensation Committee; and

• $7,500 for service as a member of the Compensation Committee (other than as chair).

Each annual cash retainer and additional annual fee will be paid quarterly in arrears on a prorated basis to each non-employee director who has served in the relevant capacity at any time during the immediately preceding fiscal quarter. A non-employee director who has served as a non-employee director or as a member of an applicable committee (or chair thereof) during only a portion of the relevant fiscal quarter will receive a prorated payment of the quarterly installment of the applicable cash compensation.

#### Equity Compensation
Initial Award . Subject to the annual limitations contained in the Amended Policy, each individual who first becomes a non-employee director following the Amendment Effective Date will receive, on the first trading day on or after the date on which such individual first becomes a non-employee director, an award of RSUs covering a number of shares of our Class A common stock equal to the product of (i) 50,000, multiplied by (ii) a fraction with a numerator equal to the number of calendar days between (and including) the date the individual first becomes a non