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

Company: Blend Labs, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 28
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 Director Letter was fully vested or had been earned (and in the year such compensation was fully vested or had been earned, the non-employee director would receive a pro-rated number of Retainer RSUs based on the number of calendar months remaining in such year).

The number of shares of our Class A common stock subject to the Retainer RSUs was equal to the quotient of (i) 50% of the Annual Retainer (or pro-rated Annual Retainer, as applicable), divided by (ii) the average fair market value of a share of our Class A common stock for the 30 consecutive trading days ending on the last trading day of the month immediately prior to the month that includes the grant date.

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#### PROPOSAL NO. 1: ELECTION OF DIRECTORS
Our board of directors currently consists of seven directors. At the annual meeting, seven directors will be elected for a one-year term and until their respective successors are duly elected and qualified or until their earlier death, resignation or removal. Following the annual meeting, our board of directors will consist of seven directors.

#### Nominees
Our Nominating and Corporate Governance Committee has recommended, and our board of directors has approved, Nima Ghamsari, Gerald Chen, Erin Lantz, Timothy J. Mayopoulos, Brian Sheth, Bryan E. Sullivan, and Eric Woersching as nominees for election as directors at the annual meeting. Each of the nominees is a current member of our board of directors. Messrs. Sullivan and Woersching were introduced to our board of directors by Mr. Ghamsari and Mr. Sheth was nominated pursuant to our agreement with Haveli as described below under “Related Party Transactions—Agreement with Haveli." For more information concerning the nominees, please see the section titled “Board of Directors and Corporate Governance.”

Each of the nominees has agreed to serve as directors if elected, and management has no reason to believe that they will be unavailable to serve. In the event a nominee is unable or declines to serve as a director at the time of the annual meeting, proxies will be voted for any nominee designated by the present board of directors to fill the vacancy.

#### Vote Required
Each director is elected by a plurality of the voting power of the shares present in person (including virtually) or represented by proxy at the annual meeting and entitled to vote on the election of directors. Because the outcome of this proposal will be determined by a plurality vote, any shares not voted FOR