Company: BLND
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001855747-25-000024
Chunk: 24

Company: Blend Labs, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 24
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     |                     | 132,000 |     |                            | — |     |           | 159,476 |

_______________________________

(1) The amount reported represents the aggregate grant-date fair value of restricted stock units (the “RSUs”) awarded to the directors in 2024, calculated based on the closing price of our Class A common stock on the date of grant, or, if the grant date was not a trading day, the closing price on the last market trading day prior to the date of grant, and does not take into account any estimated forfeitures related to time-based vesting conditions.

(2) Mses. Burnham and Mather and Mr. Collard did not stand for re-election at our 2024 annual meeting and are therefore no longer members of the board of directors. The amounts reported represent the Cash Retainer (as defined below) and Retainer RSUs (as defined below) paid and/or granted to Mses. Burnham and Mather and Mr. Collard pursuant to the Prior Policy on a pro-rated basis, except Ms. Mather did not receive any Retainer RSUs as she was not eligible to receive Retainer RSUs pursuant to the terms of the Prior Policy. On April 29, 2024, our board of directors took action to accelerate the vesting of the final vesting tranche of a stock option granted to Ms. Mather on July 30, 2019, such that 16,655 shares of our Class A common stock subject to the option accelerated effective at the close of the 2024 annual meeting.

(3) The amounts reported represent the Cash Retainer and Retainer RSUs paid and/or granted to the applicable individual pursuant to the Prior Policy on a pro-rated basis, and cash amounts and the Annual Award (as defined below) paid and/or granted to the applicable individual in accordance with the Amended Policy.

(4) Mr. Sheth was appointed pursuant to the Investment Agreement. Accordingly, since he serves on behalf of Haveli Brooks Aggregrator, L.P. (collectively, “Haveli”) he does not receive compensation for his service on our board of directors. For additional information, see “Related Party Transactions–Agreement with Haveli.”

(5) The amounts reported represent the cash amounts and the Initial Award (as defined below) paid and/or granted to the applicable individual in accordance with the Amended Policy.

The following table lists all outstanding equity awards held by non-employee directors