Blend Labs, Inc. announced on April 23, 2024, each of Ann Mather, Ciara Burnham and Erin Collard informed the Company that they would not stand for reelection to the Board at the Company?s Annual Meeting. Each of Mses. Mather?s and Burnham?s and Mr. Collard?s decision to not stand for reelection was due to their other professional responsibilities, and neither Mses.

Mather nor Burnham nor Mr. Collard resigned from the Board due to any disagreement with the Company on any matter related to the Company?s operations, policies or practices. Under the terms of the Investment Agreement, the Investor has the right to designate one member of the Board. The Investor has designated Brian Sheth as the Series A Director (as defined in the Investment Agreement) and, accordingly, the Board appointed Mr. Sheth to serve as a member of the Board effective as of April 29, 2024.