Company: BLND
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001855747-25-000069
Chunk: 349

Company: Blend Labs, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part II, Item 1A
Chunk 349
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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.

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 June 30, 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.

85

On June 13, 2025, Mr. Ghamsari entered into a Rule 10b5-1 trading arrangement that provides for the sale from time to time of shares of our Class A Common Stock, intended to generate an aggregate of approximately a maximum dollar amount of $4,000,000, with the exact number of shares to be sold pursuant to Mr. Ghamsari’s trading arrangement to be determined based on market prices of our Class A Common Stock. The plan will expire on March 31, 2026, subject to early termination for certain specified events as set forth in the plan. The plan is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

ITEM 6. EXHIBITS

EXHIB