Good day, and thank you for standing by. Welcome to Blend Labs 2026 Annual Meeting Conference Call. At this time, all participants are in a listen-only mode. I would now like to hand the conference over to your speaker today. Please go ahead. Good afternoon. I'm Nima Ghamsari, Head of Blend Labs, Inc., and it's my pleasure as Chair to call to order and welcome you to our 2026 Annual Meeting of Stockholders. We're very pleased to be here virtually with you today. Other representatives of management here today include Winnie Ling, our Head of Legal and People and Corporate Secretary, and Jason Ream, our Head of Finance and Administration. We also have here with us representatives from PricewaterhouseCoopers LLP, our independent registered public accounting firm. Several members of our Board of Directors are also attending the meeting, as well as representatives of Wilson Sonsini Goodrich & Rosati, P.C., our outside legal counsel. We have appointed Francis H. Bird of Carideo Group to act as the Inspector of Election today. He has executed an oath of office to carry out his duties with strict impartiality and to the best of his ability, and he will examine and tabulate the proxies and ballots at this meeting. Now I would like to turn the meeting over to Winnie Ling, our Head of Legal and People and Corporate Secretary, who will lead the formal business of the meeting and also act as Secretary. Thanks, Nima. As an overview of today's meeting, we will begin with the formal business portion, during which we will address the matters described in our 2026 Proxy Statement and vote on the proxy proposals. We will then announce preliminary voting results and adjourn the formal portion of this meeting. We have adopted rules of conduct for the meeting, a copy of which is linked on our webcast. Our Board of Directors has fixed April 20, 2026, as the record date for determining the stockholders entitled to vote at this meeting. I have an affidavit of distribution from Broadridge Financial Solutions confirming that proxy materials related to this meeting were mailed to stockholders of record determined as of the close of business on the record date starting on April 29, 2026. I also have a complete list of the stockholders entitled to vote at this meeting available for examination by any stockholder who is present. This list will be available online for the duration of the meeting and can be found in the footer section of the meeting webpage. Mr. Bird, our Inspector of Election for this meeting, reports that the holders of a majority of the combined voting power of our Class A common stock and our Class B common stock outstanding as of the record date are present at the meeting, either in person, including virtually, or by proxy, which constitutes a quorum. Therefore, today's meeting is duly convened and open for business. We'll now proceed with the formal business of the meeting. It is now approximately 11:05 A.M. Pacific Time on June 17, 2026, and the polls are now open for voting. Voting today is by proxy and online ballot. Stockholders of record attending virtually may vote online before the polls close. If you previously submitted your proxy, you don't have to vote again today unless you would like to change your vote. Please note, if you received a voting instruction card from your bank, broker, or nominee, you are required to submit your voting instructions to your bank, broker, or nominee, and you will not be permitted to vote at this meeting unless you have obtained a legal proxy from the record holder giving you the right to vote your shares at this meeting. We have two matters properly brought before the meeting. Detailed information concerning each of the director nominees and these proposals is contained in the Proxy Statement filed with the SEC and made available to Blend stockholders on April 29, 2026. These matters are deemed duly presented at this meeting. The first matter is a proposal to elect Nima Ghamsari, Gerald Chen, Erin Lantz, Timothy J. Mayopoulos, Brian Sheth, Bryan E. Sullivan, and Eric Woersching to serve as directors of the company until our 2027 Annual Meeting of Stockholders and until their successors are duly elected and qualified. These nominees were proposed by the Board of Directors, and all seven of the seven nominees currently serve on our Board of Directors. No other director nominees have been submitted pursuant to our bylaws, no other nominations are being considered. The Board of Directors unanimously recommends a vote for each of the nominees. The second matter is a proposal to ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2026. The Board of Directors unanimously recommends a vote for this proposal. The polls are still open. As previously mentioned, if you already submitted a proxy or voted via telephone or Internet and do not wish to change your vote, no further action is needed at this time. If you have not yet voted or wish to change your vote, you may do so now by clicking on the voting button in the web portal and following the instructions. If you have not yet submitted a proxy, you may submit your proxy via the Internet now for your vote to be counted by the Inspector of Election. We will leave the polls open for another minute. Over one minute has passed since the opening of the polls, and the polls are now closed at approximately 11:07 A.M. on June 17, 2026. The polls for each matter to be voted on at this meeting are now closed. The proxies and ballots will be tabulated by the Inspector of Election. Based on preliminary voting results, regarding Proposal One, the election of directors Nima Ghamsari, Gerald Chen, Erin Lantz, Timothy J. Mayopoulos, Brian Sheth, Bryan E. Sullivan, and Eric Woersching have each been elected to serve as a director until our 2027 Annual Meeting of Stockholders and until each of their respective successors are duly elected and qualified. Regarding Proposal Two, the ratification of the appointment of PricewaterhouseCoopers LLP has been approved. Thank you, Winnie. These voting results are preliminary only. The final results will be reported in a Form 8-K filed with the United States Securities and Exchange Commission and made publicly available within four business days of the date of this meeting. I want to thank you all for attending today. There being no further business to come before this meeting, the formal portion of this meeting is adjourned. We appreciate your continued support of Blend. Have a great day. This concludes today's meeting. Thank you for attending. You may now disconnect and have a wonderful rest of your day.