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Blend Labs, Inc. – ‘10-Q’ for 9/30/22 – ‘EX-31.1’

On:  Thursday, 11/10/22, at 4:14pm ET   ·   For:  9/30/22   ·   Accession #:  1855747-22-68   ·   File #:  1-40599

Previous ‘10-Q’:  ‘10-Q’ on 8/15/22 for 6/30/22   ·   Next:  ‘10-Q’ on 5/9/23 for 3/31/23   ·   Latest:  ‘10-Q’ on 11/7/23 for 9/30/23

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  As Of               Filer                 Filing    For·On·As Docs:Size

11/10/22  Blend Labs, Inc.                  10-Q        9/30/22   93:10M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   2.61M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     29K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     28K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     29K 
10: R1          Cover Page                                          HTML     85K 
11: R2          Condensed Consolidated Balance Sheets               HTML    142K 
12: R3          Condensed Consolidated Balance Sheets               HTML     52K 
                (Parenthetical)                                                  
13: R4          Condensed Consolidated Statements of Operations     HTML    157K 
                and Comprehensive Income (Loss)                                  
14: R5          Condensed Consolidated Statements of Redeemable     HTML    153K 
                Noncontrolling Interest and Stockholders? Equity                 
15: R6          Condensed Consolidated Statements of Redeemable     HTML     27K 
                Noncontrolling Interest and Stockholders? Equity                 
                (Parenthetical)                                                  
16: R7          Condensed Consolidated Statements of Cash Flows     HTML    152K 
17: R8          Description of Business and Basis of Presentation   HTML     43K 
18: R9          Summary of Significant Accounting Policies          HTML     58K 
19: R10         Revenue Recognition and Contract Costs              HTML     62K 
20: R11         Investments in Marketable Securities and Fair       HTML     98K 
                Value Measurements                                               
21: R12         Goodwill and Intangible Assets                      HTML     77K 
22: R13         Significant Balance Sheet Components                HTML     70K 
23: R14         Leases                                              HTML     36K 
24: R15         Commitment and Contingencies                        HTML     32K 
25: R16         Business Combinations                               HTML     71K 
26: R17         Debt Financing                                      HTML     46K 
27: R18         Stock-Based Compensation                            HTML     97K 
28: R19         Restructuring                                       HTML     35K 
29: R20         Income Taxes                                        HTML     32K 
30: R21         Net Loss Per Share                                  HTML     81K 
31: R22         Segment Information                                 HTML     73K 
32: R23         Subsequent Events                                   HTML     28K 
33: R24         Summary of Significant Accounting Policies          HTML     74K 
                (Policies)                                                       
34: R25         Summary of Significant Accounting Policies          HTML     39K 
                (Tables)                                                         
35: R26         Revenue Recognition and Contract Costs (Tables)     HTML     58K 
36: R27         Investments in Marketable Securities and Fair       HTML     92K 
                Value Measurements (Tables)                                      
37: R28         Goodwill and Intangible Assets (Tables)             HTML    112K 
38: R29         Significant Balance Sheet Components (Tables)       HTML     69K 
39: R30         Leases (Tables)                                     HTML     34K 
40: R31         Business Combinations (Tables)                      HTML     80K 
41: R32         Debt Financing (Tables)                             HTML     36K 
42: R33         Stock-Based Compensation (Tables)                   HTML     87K 
43: R34         Restructuring (Tables)                              HTML     33K 
44: R35         Net Loss Per Share (Tables)                         HTML     79K 
45: R36         Segment Information (Tables)                        HTML     68K 
46: R37         Description of Business and Basis of Presentation   HTML     91K 
                (Details)                                                        
47: R38         Summary of Significant Accounting Policies -        HTML     85K 
                Additional Information (Details)                                 
48: R39         Summary of Significant Accounting Policies -        HTML     43K 
                Concentrations of Credit Risk (Details)                          
49: R40         Revenue Recognition and Contract Costs -            HTML     42K 
                Disaggregation of Revenue (Details)                              
50: R41         Revenue Recognition and Contract Costs - Contract   HTML     41K 
                Balances (Details)                                               
51: R42         Revenue Recognition and Contract Costs - Remaining  HTML     34K 
                Performance Obligations (Details)                                
52: R43         Revenue Recognition and Contract Costs - Deferred   HTML     37K 
                Contract Costs (Details)                                         
53: R44         Investments in Marketable Securities and Fair       HTML     71K 
                Value Measurements (Details)                                     
54: R45         Investments in Marketable Securities and Fair       HTML     40K 
                Value Measurements - Debt Maturities (Details)                   
55: R46         Goodwill and Intangible Assets - Narrative          HTML     37K 
                (Details)                                                        
56: R47         Goodwill and Intangible Assets - Goodwill           HTML     38K 
                (Details)                                                        
57: R48         Goodwill and Intangible Assets - Finite-Lived       HTML     58K 
                Intangible Assets, Future Amortization Expense                   
                (Details)                                                        
58: R49         Significant Balance Sheet Components - Prepaid      HTML     41K 
                Expenses and Other Current Assets (Details)                      
59: R50         Significant Balance Sheet Components - Property     HTML     44K 
                and Equipment, Net (Details)                                     
60: R51         Significant Balance Sheet Components - Note         HTML     39K 
                Receivable (Details)                                             
61: R52         Significant Balance Sheet Components - Investments  HTML     32K 
                in Equity Securities (Details)                                   
62: R53         Significant Balance Sheet Components - Other        HTML     44K 
                Current Liabilities (Details)                                    
63: R54         Significant Balance Sheet Components - Other        HTML     36K 
                Long-Term Liabilities (Details)                                  
64: R55         Leases - Narrative (Details)                        HTML     39K 
65: R56         Leases - Maturities of Operating Lease Liabilities  HTML     43K 
                (Details)                                                        
66: R57         Business Combinations - Narrative (Details)         HTML     48K 
67: R58         Business Combinations - Assets Acquired and         HTML     67K 
                Liabilities Assumed (Details)                                    
68: R59         Business Combinations - Fair Value of               HTML     33K 
                Consideration Transferred (Details)                              
69: R60         Business Combinations - Acquired Intangible Assets  HTML     39K 
                (Details)                                                        
70: R61         Business Combinations - Pro Forma (Details)         HTML     35K 
71: R62         Debt Financing - Debt (Details)                     HTML     39K 
72: R63         Debt Financing - Narrative (Details)                HTML     72K 
73: R64         Stock-Based Compensation - 2012 Stock Option Plan   HTML     37K 
                (Details)                                                        
74: R65         Stock-Based Compensation - 2021 Equity Incentive    HTML     41K 
                Plan (Details)                                                   
75: R66         Stock-Based Compensation - Stock Option Plan        HTML     81K 
                (Details)                                                        
76: R67         Stock-Based Compensation - Valuation Assumptions    HTML     56K 
                (Details)                                                        
77: R68         Stock-Based Compensation - Additional Information   HTML     43K 
                (Details)                                                        
78: R69         Stock-Based Compensation - RSU Activity (Details)   HTML     57K 
79: R70         Stock-Based Compensation - Performance Stock Award  HTML     29K 
                (Details)                                                        
80: R71         Stock-Based Compensation - Non-Plan Founder and     HTML     56K 
                Blend Options (Details)                                          
81: R72         Stock-Based Compensation - Stock Based              HTML     37K 
                Compensation Expense (Details)                                   
82: R73         Restructuring - Additional Information (Details)    HTML     38K 
83: R74         Restructuring - Schedule of Reconciliation of the   HTML     36K 
                Restructuring Liability Balances (Details)                       
84: R75         Income Taxes (Details)                              HTML     35K 
85: R76         Net Loss Per Share - Schedule of EPS (Details)      HTML     93K 
86: R77         Net Loss Per Share - Antidilutive Securities        HTML     43K 
                (Details)                                                        
87: R78         Segment Information (Details)                       HTML     76K 
88: R79         Subsequent Events (Details)                         HTML     36K 
91: XML         IDEA XML File -- Filing Summary                      XML    171K 
89: XML         XBRL Instance -- blnd-20220930_htm                   XML   2.67M 
90: EXCEL       IDEA Workbook of Financial Reports                  XLSX    186K 
 6: EX-101.CAL  XBRL Calculations -- blnd-20220930_cal               XML    245K 
 7: EX-101.DEF  XBRL Definitions -- blnd-20220930_def                XML    908K 
 8: EX-101.LAB  XBRL Labels -- blnd-20220930_lab                     XML   1.90M 
 9: EX-101.PRE  XBRL Presentations -- blnd-20220930_pre              XML   1.27M 
 5: EX-101.SCH  XBRL Schema -- blnd-20220930                         XSD    179K 
92: JSON        XBRL Instance as JSON Data -- MetaLinks              487±   747K 
93: ZIP         XBRL Zipped Folder -- 0001855747-22-000068-xbrl      Zip    599K 


‘EX-31.1’   —   Certification — §302 – SOA’02


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Exhibit 31.1
CERTIFICATION OF PERIODIC REPORT UNDER SECTION 302 OF
THE SARBANES-OXLEY ACT OF 2002

I, Nima Ghamsari, certify that:
1. I have reviewed this Quarterly Report on Form 10-Q of Blend Labs, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(c) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Date: November 10, 2022By:/s/ Nima Ghamsari
Name:Nima Ghamsari
Title:Head of Blend
(Principal Executive Officer)



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:11/10/228-K
For Period end:9/30/224
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Filing Submission 0001855747-22-000068   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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