Blend Labs, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
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Item 2. Recent Sales of Unregistered Securities
ITEM 2. RECENT SALES OF UNREGISTERED SECURITIES AND USE OF PROCEEDS
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following table summarizes the share repurchase activity for the three months ended September 30, 2025:
| Period | Total Number of Shares Purchased(in thousands)(1) | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Programs (in thousands)(1) | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program(in millions)(1) |
|---|---|---|---|---|
| July 1 - 31 | 727 | $3.46 | 727 | $18.4 |
| August 1 - 31 | 863 | $2.95 | 863 | $15.8 |
| September 1 - 30 | — | $— | — | $15.8 |
| Total | 1,590 | $— | 1,590 | $15.8 |
(1) On August 6, 2024, our board of directors authorized the repurchase of up to $25.0 million of our Class A common stock. As of September 30, 2025, 2,857,471 shares were repurchased under the program. Refer to Note 10, Stockholders Equity, of the Notes to Unaudited Condensed Consolidated Financial Statements included in Part II, Item 8 of this Quarterly Report on Form 10-Q, for additional information.
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