Company: BLND
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001855747-25-000017
Chunk: 91

Company: Blend Labs, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 9B
Chunk 91
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ITEM 9B. OTHER INFORMATION

Rule 10b5-1 Trading Arrangements

123

On November 8, 2024, Amir Jafari, our Head of Finance and Administration, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 93,039 shares of our Class A common stock, with the exact number of shares to be sold pursuant to Mr. Jafari’s trading arrangement to be determined based on market prices of our Class A common stock. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The duration of the trading arrangement is until July 31, 2025, or earlier if all transactions under the trading arrangement are completed.

On December 13, 2024, Nima Ghamsari, our Head of Blend, Co-Founder, and Chair of our board of directors, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of up to 800,000 shares of our Class A common stock and sales of shares of our Class A common stock to be issued upon the vesting of restricted stock units or exercise of options, 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 trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The duration of the trading arrangement is until September 25, 2025, subject to early termination for certain specified events set forth in the trading arrangement, or earlier if all transactions under the trading arrangement are completed.

No other officers or directors, as defined in Rule 16a-1(f), adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408, during the last fiscal quarter.

Executive Compensation Changes

On March 13, 2025, based on the recommendation of our compensation committee of our board of directors (the “compensation committee”) our board of directors approved new compensation arrangements for Nima Ghamsari, Head of Blend, Co-Founder and Chair of our board of directors (the “Head of Blend”). Under the terms of the new compensation arrangements, the Head of Blend will receive (a) a base salary of $545,000 per year (unchanged from his current