Company: BLND
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001855747-25-000024
Chunk: 49

Company: Blend Labs, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 49
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 basis, such that each holder of Class B common stock beneficially owns an equivalent number of shares of Class A common stock.

(1) Percentage total voting power represents voting power with respect to all shares of our Class A common stock and Class B common stock, as a single class. Each holder of Class B common stock is entitled to forty votes per share of Class B common stock and each holder of Class A common stock is entitled to one vote per share of Class A common stock on all matters submitted to our stockholders for a vote. The Class A common stock and Class B common stock vote together as a single class on all matters submitted to a vote of our stockholders, except as may otherwise be required by law.

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(2) Consists of (i) 5,762,688 shares of Class A common stock held of record by Mr. Ghamsari; (ii) 500,000 shares of Class A common stock subject to the vesting and settlement of RSUs within 60 days of March 31, 2025; (iii) 3,247,235 shares of Class B common stock held of record by Mr. Ghamsari; (iv) 500,000 shares of Class B common stock held of record by the Nima Ghamsari Family Foundation; and (v) 5,184,092 shares of Class B common stock subject to options exercisable within 60 days of March 31, 2025, all of which would be fully vested as of such date (excluding options that vest pursuant to tranches two through five of the Founder and Head of Blend Long-Term Performance Award. See the section titled “Executive Compensation-Founder and Head of Blend Long-Term Performance Award” for additional information). The shares held of record by Mr. Ghamsari are pledged as collateral to secure certain personal indebtedness.

(3) Consists of (i) 912,288 shares of Class A common stock held of record by Mr. Jafari and (ii) 256,250 shares of Class A common stock subject to the vesting and settlement of RSUs within 60 days of March 31, 2025.

(4) Consists of (i) 9,030,775 shares of Class A common stock held of record by Greylock 15 Limited Partnership (“Greylock 15”); (ii) 501,708 shares of Class A common stock held of record by Greylock 15 Principals