secwatch.observer — SEC 8-K summary
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Issuer:     Blend Labs, Inc. (BLND)
CIK:        0001855747
Form:       8-K
Filed at:   2023-08-25T23:59:59+00:00
Accession:  0001855747-23-000058
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Blend Labs approves amended compensation for CEO and CFO including large RSU grants
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- CEO Nima Ghamsari gets base salary of $545,000/year, $800,000 in two incentive payments, and 6M RSUs over 4 years.
- CFO Amir Jafari receives 300,000 RSUs vesting quarterly over 2 years and up to 200,000 performance-based RSUs tied to stock price hurdles.
- Incentive payments require employment through Aug 31, 2024 and Aug 31, 2025; clawback applies if terminated for cause or resignation without good reason.
- Ghamsari eligible for Change in Control Severance Agreement providing full vesting of unvested equity upon qualifying termination near a change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855747/000185574723000058/0001855747-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855747/000185574723000058/blnd-20230823.htm
  HTML page:      https://secwatch.observer/filing/0001855747-23-000058

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