Company: BLND
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001855747-25-000024
Chunk: 45

Company: Blend Labs, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 45
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 that we may require in connection with the same.

If any of the benefits provided for under these change in control severance agreements or otherwise payable to each of Messrs. Ghamsari, Jafari and Venkatramani (including pursuant to the severance arrangements discussed below) would constitute “parachute payments” within the meaning of Section 280G of the Code and could be subject to the related excise tax, the named executive officer is entitled to receive either full payment of benefits under his or her change in control severance agreement or such lesser amount which would result in no portion of the benefits being subject to the excise tax, whichever results in the greater amount of after-tax benefits to the named executive officer. The change in control severance agreements do not require us to provide any tax gross-up payments.

Additionally, we have entered into severance arrangements with each of Messrs. Ghamsari, Jafari and Venkatramani pursuant to a letter agreement (with respect to Messrs. Ghamsari and Jafari) or an offer letter (with respect to Mr. Venkatramani) (each, a “severance arrangement”) that provide for certain severance benefits only in the circumstances as described below.

Pursuant to the terms of the applicable severance arrangement, if the named executive officer’s employment is terminated by us (or any of our subsidiaries) without cause (as defined in the applicable severance arrangement) (and other than by reason of death or disability), the named executive officer is entitled to receive the following benefits if the named executive officer timely signs and does not revoke a separation agreement and release of claims:

• six months of the named executive officer’s base salary in effect immediately prior to the termination; and

• an amount representing company-paid COBRA for the named executive officer and his or her covered dependents for a period of six months following the termination.

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#### 401(k) Plan
We maintain a tax-qualified retirement plan that provides eligible U.S. employees with an opportunity to save for retirement on a tax-advantaged basis (the “401(k) Plan”). 401(k) Plan participants are able to defer eligible compensation on a pre-tax or after tax (Roth) basis, subject to applicable annual Code limits. The 401(k) plan is intended to be qualified under Section 401(a) of the Code with the 401(k) plan’s related trust intended to be tax exempt under Section 501(a)