Blend Labs (NYSE: BLND) backer lifts stake above 18.7M shares
Rhea-AI Filing Summary
Blend Labs, Inc. (BLND) had an insider-related entity, Haveli Brooks Aggregator, L.P., report an open-market purchase of Class A common stock. The entity acquired 17,397 shares at a weighted average price of $1.4439 per share, across trades between $1.43 and $1.475. Following the transaction, Haveli Brooks Aggregator, L.P. reported holding 18,711,054 shares indirectly, while an additional 130,000 shares are held indirectly through a family trust related to Brian N. Sheth. Various Haveli- and Whanau-affiliated entities, and Mr. Sheth, may be deemed to share voting and dispositive power over the Haveli Brooks Aggregator holdings, while each disclaims beneficial ownership except to the extent of pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 17,397 shares
Net Buy
2 txns
Insider
Haveli Investments, L.P., Haveli Brooks Aggregator, L.P., Haveli Investments Software Fund I GP, LLC, Haveli Software Management LLC, Haveli Investment Management LLC, Whanau Interests LLC, SHETH BRIAN NIRANJAN
Role
Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner
Bought
17,397 shs ($25K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock F1, F2, F3 | 17,397 | $1.4439 | $25K |
| holding | Class A Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 18,711,054 shares (Indirect, See footnotes);
Class A Common Stock — 130,000 shares (Indirect, See footnote)
Footnotes (4)
- F1. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $1.43 to $1.475, 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.
- F2. 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.
- F3. 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.
- F4. Held through a family trust of which Mr. Sheth's spouse is the trustee.
Key Figures
Shares purchased: 17,397 shares
Weighted average purchase price: $1.4439 per share
Purchase price range: $1.43–$1.475 per share
+2 more
5 metrics
Shares purchased
17,397 shares
Class A Common Stock purchased in open-market transactions on 2026-08-17
Weighted average purchase price
$1.4439 per share
Weighted average price for the 17,397 shares acquired
Purchase price range
$1.43–$1.475 per share
Range of prices for individual trades included in the reported purchase
Shares held by Haveli Brooks Aggregator, L.P.
18,711,054 shares
Indirect Class A Common Stock holdings after the reported transaction
Family trust holdings
130,000 shares
Indirect BLND Class A Common Stock held through a family trust
Key Terms
weighted average price, voting and dispositive power, beneficial ownership, pecuniary interest, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
voting and dispositive power financial
"may each be deemed to share voting and dispositive power with respect"
beneficial ownership financial
"each disclaim beneficial ownership of such securities except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"beneficial ownership of such securities except to the extent of their pecuniary interest"
family trust financial
"Held through a family trust of which Mr. Sheth's spouse is the trustee."
FAQ
What insider transaction in BLND stock was reported by Haveli-affiliated entities?
An entity associated with Haveli reported a purchase of 17,397 BLND Class A shares. The shares were bought in open-market transactions at a weighted average price of $1.4439, with individual trade prices ranging from $1.43 to $1.475 per share.
What additional BLND holdings are reported through a family trust?
The Form 4 notes 130,000 BLND Class A shares are held indirectly through a family trust, for which Brian N. Sheth’s spouse serves as trustee. These shares are reported as an indirect ownership position separate from the Haveli Brooks Aggregator, L.P. holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
