Company: BLND
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001855747-25-000024
Chunk: 27

Company: Blend Labs, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 27
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-employee director and the date of the next annual meeting of our stockholders, and a denominator equal to 365, rounded down to the nearest whole share (the “Initial Award”). The Initial Award will vest on the day prior to the date of the annual meeting of our stockholders next following the Initial Award’s grant date, subject to the non-employee director’s continued service through the applicable vesting date. If an individual was a member of our board of directors and also an employee, becoming a non-employee director due to termination of employment will not entitle them to an Initial Award.

Annual Award . Subject to the annual limitations contained in the Amended Policy, on the date of each annual meeting of our stockholders on and following the Amendment Effective Date, each non-employee director automatically will receive an award of RSUs (the “Annual Award”) covering 50,000 shares of our Class A common stock. Each Annual Award will vest on the earlier of the one-year anniversary of the Annual Award’s grant date, or the day prior to the date of the annual meeting of our stockholders next following the Annual Award’s grant date, subject to the non-employee director’s continued service through the applicable vesting date.

In the event of a “change in control” as defined in our 2021 Plan, each non-employee director will fully vest in their outstanding company equity awards, unless specifically provided otherwise in the applicable award agreement, a company policy related to director compensation, or other written agreement between the non-employee director and us.

#### Prior Policy
Pursuant to the terms of the Prior Policy, each non-employee director who had not entered into a letter agreement with us that governed his or her compensation as a non-employee director (an “Outside Director Letter”) was eligible to receive an annual retainer of $300,000 (the “Annual Retainer”) for services performed during the then-current calendar year. There

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were no per meeting attendance fees for attending board of directors meetings. The Annual Retainer was paid as follows: 50% of the Annual Retainer was paid in cash (the “Cash Retainer”) and 50% of the Annual Retainer was in the form of RSUs (the “Retainer RSUs”). Non-employee directors who had entered into an Outside Director Letter were eligible to receive the full Cash Retainer, but were not eligible to receive the Retainer RSUs until the equity award or other compensation referenced in the Outside