Company: BLND
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001855747-25-000041
Chunk: 124

Company: Blend Labs, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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, 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 March 31, 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)January 1-31— — — $25.0 February 1-28— — — $25.0 March 1-31923 $3.33 923 $21.9 Total923 923 $21.9 

 (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 March 31, 2025, 922,996 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.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

Except as described below, during the three months ended March 31, 2025, none of our officers or directors, as defined in Rule 16a-1(f) of the Exchange Act, adopted, modified, or terminated any contract, instruction, or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (a “Rule 10b5-1 trading arrangement”) or any “non Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408.

On January 25, 2025, Oxana Tkach, our Head of Accounting and FP&A, terminated her Rule 10b5-1 trading arrangement previously adopted on May 24, 2024. The terminated trading plan provided for the potential sale of up to an aggregate