BLND insider purchases include 701,110 shares at $2.9839
Rhea-AI Filing Summary
Blend Labs (BLND) reported insider open‑market purchases by Haveli Brooks Aggregator, L.P. and affiliated reporting persons, who are listed as a Director and 10% Owner. On 11/10/2025 they bought 701,110 Class A shares at a weighted average price of $2.9839; on 11/11/2025 they bought 600,308 shares at $2.9986; and on 11/12/2025 they bought 953,634 shares at $3.0496.
After these transactions, the filing shows 5,931,971 shares beneficially owned indirectly, plus 130,000 shares held indirectly through a family trust. Prices reflect weighted averages with underlying trade details available upon request, as noted in the footnotes.
Positive
- None.
Negative
- None.
Insights
Insider group led by Brian N. Sheth reported open-market share purchases totaling 2.26M shares at ~$3, increasing indirect ownership.
Blend Labs, Inc. (BLND) reported open-market purchases by an affiliated group including Haveli Brooks Aggregator, L.P. and Brian N. Sheth (director and 10% owner). Transactions on
Each price reflects multiple fills within stated ranges, with an undertaking to provide detailed breakdowns upon request. The filing shows complex control relationships among Haveli entities and notes disclaimers of beneficial ownership beyond pecuniary interest. The form was filed by more than one reporting person, and the transactions are coded "P" for open-market purchases.
This represents increased reported indirect ownership by a director/10% owner, which can signal alignment of interests. Key items to watch: any subsequent Forms 4 showing continued accumulation, and any future ownership disclosures that clarify aggregate holdings. The last reported trade date is
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 953,634 | $3.0496 | $2.91M |
| Purchase | Class A Common Stock | 600,308 | $2.9986 | $1.80M |
| Purchase | Class A Common Stock | 701,110 | $2.9839 | $2.09M |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $2.885 to $3.00, inclusive. The reporting person undertakes to provide Blend Labs, Inc. any security holder of Blend Labs, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $2.99 to $3.00, inclusive. The reporting person undertakes to provide Blend Labs, Inc. any security holder of Blend Labs, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (2) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $2.9844 to $3.065, inclusive. The reporting person undertakes to provide Blend Labs, Inc. any security holder of Blend Labs, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (3) to this Form 4. Represents securities held directly by Haveli Brooks Aggregator, L.P. ("Haveli Aggregator"). Haveli Investments Software Fund I GP, LLC ("Haveli Investments Software GP"), is the general partner of Haveli Aggregator. Whanau Interests LLC ("Whanau") is the sole member of Haveli Investments Software GP. Haveli Software Management LLC ("Haveli Software Management") is the investment adviser to Haveli Investments Software GP. Haveli Investment Management LLC ("Haveli Investment Management"), a Delaware limited liability company, is the sole member of Haveli Software Management. Haveli Investments, L.P. ("Haveli Investments") is the sole member of Haveli Investment Management. Whanau is the general partner of Haveli Investments. Mr. Brian N. Sheth is managing member of Whanau. As a result, Haveli Investments Software GP, Whanau, Haveli Software Management, Haveli Investments, Haveli Investment Management and Mr. Sheth may each be deemed to share voting and dispositive power with respect to the securities held by Haveli Aggregator. Haveli Investments Software GP, Whanau, Haveli Software Management, Haveli Investments, Haveli Investment Management and Mr. Sheth each disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein. Held through a family trust of which Mr. Sheth's spouse is the trustee.
