Company: BLND
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001855747-25-000024
Chunk: 43

Company: Blend Labs, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 43
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 in control, with any remaining unvested shares terminating.

#### Executive Employment Arrangements

#### Nima Ghamsari
We have entered into a confirmatory employment letter agreement with Mr. Ghamsari. The employment letter agreement does not have a specific term and provides that Mr. Ghamsari is an at-will employee. In August 2023, we entered into a letter agreement with Mr. Ghamsari, pursuant to which Mr. Ghamsari received a $400,000 incentive payment paid on or around September 1, 2023 (“Incentive Payment One”), and an additional $400,000 incentive payment paid on or around September 1, 2024 (“Incentive Payment Two” and together with Incentive Payment One, the “Incentive Payments”). Incentive Payment One has been fully earned as of August 31, 2024, and Incentive Payment Two can only be fully earned if Mr. Ghamsari remains continuously employed with the company through August 31, 2025. If Mr. Ghamsari’s employment with us is terminated by the company for cause (as defined in the letter agreement) or if Mr. Ghamsari resigns from his employment with us without good reason (as defined in the letter agreement), and in either event after the applicable Incentive Payment has been paid but before it has been earned, Mr. Ghamsari must repay a pro-rata amount (based on the number of full months employed through the date of termination and on a pre-tax basis) of the applicable Incentive Payment to us. Mr. Ghamsari’s current annual base salary is $545,000 (unchanged from his 2024 base salary) and his annual target bonus is $495,000, effective as of April 1, 2025.

#### Amir Jafari
We have entered into an employment offer letter with Mr. Jafari. The offer letter does not have a specific term and provides that Mr. Jafari is an at-will employee. Mr. Jafari’s current annual base salary is $450,000 and he is eligible to receive an annual cash bonus with a target value of $200,000 (unchanged from his 2024 annual target bonus), based on achieving performance objectives established by our board of directors or its designated committee.

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#### Srinivasan Venkatramani
We have entered into an employment offer letter with Mr. Venkat