Company: BLND
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001855747-25-000024
Chunk: 15

Company: Blend Labs, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 15
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 and affiliations, our board of directors has determined that Messrs. Chen, Sheth, Sullivan, and Woersching and Ms. Lantz, representing five of our seven directors, do not have any material relationship with us (either directly or as a partner, stockholder or officer of an organization that has

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a relationship with us) and that each of these directors is an “independent director” as defined under the listing standards of the NYSE. Mses, Burnham and Mather and Mr. Collard, who served on our board of directors until June 2024, were each also determined to be independent within the meaning of the NYSE listing standards during their period of service on our board of directors. Nima Ghamsari is not considered an independent director because of his current employment as our Head of Blend and Co-Founder. Timothy J. Mayopoulos is not considered an independent director because of his previous employment with us.

In making these determinations, our board of directors considered the current and prior relationships that each non-employee director has with our company and all other facts and circumstances that our board of directors deemed relevant in determining their independence, including the beneficial ownership of our capital stock by each non-employee director, and the transactions involving them described in the section titled “Related Party Transactions.”

There are no family relationships among any of our director nominees or executive officers.

#### Involvement in Certain Legal Proceedings
Amir Jafari was the Chief Financial Officer of Plastiq Inc. until early January 2023. On May 24, 2023, Plastiq Inc. filed a voluntary petition for bankruptcy protection under Chapter 11 of Title 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

#### Leadership Structure of our Board of Directors
As one of our founders and Head of Blend, Nima Ghamsari has extensive knowledge of all aspects of our business, industry and customers, and is best positioned to identify strategic priorities, lead critical discussions and execute our business plans. We believe that Mr. Ghamsari’s combined role enables strong leadership, creates clear accountability and enhances our ability to communicate our message and strategy clearly and consistently to our stockholders. Moreover, we believe that the combined role is both counterbalanced and enhanced with effective oversight by our independent directors and strong independent board committee system. We do not currently have a lead independent director. As a result of our board of directors’ committee system