STOCK TITAN
  1. Home
  2. Sec-filings
  3. BLND
  4. [Form 4] Blend Labs, Inc. Insider Trading Activity

Haveli fund boosts Blend Labs (BLND) stake with 1.95M-share open-market buy

Filing Impact
(Very High)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Blend Labs, Inc. reported that investment entities associated with Haveli Investments made substantial open-market purchases of Class A common stock. Across three days, Haveli Brooks Aggregator, L.P. acquired a total of 1,951,635 shares at weighted average prices between about $1.41 and $1.44 per share. Following these transactions, indirect holdings reported for these entities include 12,800,508 shares, 11,503,584 shares and 11,244,788 shares on different lines, plus 130,000 shares held through a family trust. Several related Haveli entities and Brian N. Sheth may be deemed to share voting and dispositive power and each disclaims beneficial ownership beyond their pecuniary interest.

Positive

  • None.

Negative

  • None.

Insights

Haveli-linked entities significantly increased their indirect Blend Labs stake via open-market buys.

Entities associated with Haveli Investments, primarily Haveli Brooks Aggregator, L.P., executed three open-market purchases totaling 1,951,635 shares of Blend Labs Class A common stock at weighted average prices around $1.41–$1.44. All positions are reported as indirect holdings.

Footnotes state that multiple Haveli entities and Brian N. Sheth may be deemed to share voting and dispositive power, while disclaiming beneficial ownership except for their pecuniary interest. There is also a separate 130,000-share position held through a family trust.

These are net-buy transactions with no concurrent derivative activity, and the filing shows sizable remaining share positions after the purchases. Actual significance depends on Blend Labs’ total shares outstanding, which is not detailed in this excerpt.

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 null | null | null | null | null | null | null
Bought 1,951,635 shs ($2.79M)
Type Security Shares Price Value
Purchase Class A Common Stock 1,296,924 $1.4392 $1.87M
Purchase Class A Common Stock 258,796 $1.4138 $366K
Purchase Class A Common Stock 395,915 $1.4073 $557K
holding Class A Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 12,800,508 shares (Indirect, See footnotes)
Footnotes (1)
  1. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $1.3371 to $1.459, 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 $1.38 to $1.44, 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 $1.405 to $1.465, 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.
Total shares purchased 1,951,635 shares Net open-market buys across three transactions
Purchase price 2026-05-13 $1.4392 per share Weighted average price for 1,296,924 shares
Purchase price 2026-05-12 $1.4138 per share Weighted average price for 258,796 shares
Purchase price 2026-05-11 $1.4073 per share Weighted average price for 395,915 shares
Holding after 2026-05-13 trade 12,800,508 shares Indirect Class A common stock position reported
Family trust holding 130,000 shares Held through a family trust with spouse as trustee
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 to the securities"
beneficial ownership financial
"each disclaim beneficial ownership of such securities except to the extent of their pecuniary interest"
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
"disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein"
family trust financial
"Held through a family trust of which Mr. Sheth's spouse is the trustee."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Haveli Investments, L.P.
(Last)(First)(Middle)
405 COLORADO STREET, SUITE 1600
(Street)
AUSTIN TEXAS 78701
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Blend Labs, Inc. [ BLND ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock05/11/2026P395,915A$1.4073(1)11,244,788ISee footnotes(4)(5)
Class A Common Stock05/12/2026P258,796A$1.4138(2)11,503,584ISee footnotes(4)(5)
Class A Common Stock05/13/2026P1,296,924A$1.4392(3)12,800,508ISee footnotes(4)(5)
Class A Common Stock130,000ISee footnote(6)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
Haveli Investments, L.P.
(Last)(First)(Middle)
405 COLORADO STREET, SUITE 1600
(Street)
AUSTIN TEXAS 78701
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Haveli Brooks Aggregator, L.P.
(Last)(First)(Middle)
405 COLORADO STREET, SUITE 1600
(Street)
AUSTIN TEXAS 78701
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Haveli Investments Software Fund I GP, LLC
(Last)(First)(Middle)
405 COLORADO STREET, SUITE 1600
(Street)
AUSTIN TEXAS 78701
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Haveli Software Management LLC
(Last)(First)(Middle)
405 COLORADO STREET, SUITE 1600
(Street)
AUSTIN TEXAS 78701
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Haveli Investment Management LLC
(Last)(First)(Middle)
405 COLORADO STREET, SUITE 1600
(Street)
AUSTIN TEXAS 78701
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Whanau Interests LLC
(Last)(First)(Middle)
405 COLORADO STREET, SUITE 1600
(Street)
AUSTIN TEXAS 78701
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
SHETH BRIAN NIRANJAN
(Last)(First)(Middle)
405 COLORADO STREET, SUITE 1600
(Street)
AUSTIN TEXAS 78701
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $1.3371 to $1.459, 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.
2. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $1.38 to $1.44, 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.
3. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $1.405 to $1.465, 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.
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.
5. 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.
6. Held through a family trust of which Mr. Sheth's spouse is the trustee.
Haveli Brooks Aggregator, L.P., By: Haveli Investments Software Fund I GP, LLC, its general partner, By: Whanau Interests LLC, its sole member, By: /s/ Brian N. Sheth, Title: Managing Member05/13/2026
Haveli Investments Software Fund I GP, LLC, By: Whanau Interests LLC, its sole member, By: /s/ Brian N. Sheth, Title: Managing Member05/13/2026
Haveli Software Management LLC, By: Haveli Investment Management LLC, its sole member, By: /s/ Brian N. Sheth, Title: Chief Executive Officer and Chief Investment Officer05/13/2026
Haveli Investment Management LLC, By: /s/ Brian N. Sheth, Title: Chief Executive Officer and Chief Investment Officer05/13/2026
Haveli Investments, L.P., By: Whanau Interests LLC, its general partner, By: /s/ Brian N. Sheth, Title: Managing Member05/13/2026
Whanau Interests LLC, By: /s/ Brian N. Sheth, Title: Managing Member05/13/2026
/s/ Brian N. Sheth05/13/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

How many Blend Labs (BLND) shares were bought in these insider transactions?

The filing shows total net purchases of 1,951,635 shares of Blend Labs Class A common stock. These buys occurred over three days and are reported as indirect holdings by Haveli Brooks Aggregator, L.P. and related Haveli entities, rather than direct purchases by an individual.

At what prices did Haveli Brooks Aggregator buy Blend Labs (BLND) shares?

Weighted average purchase prices reported were $1.4073, $1.4138 and $1.4392 per share. Footnotes explain each figure reflects multiple trades within stated price ranges and that detailed trade-by-trade pricing information is available to security holders upon request.

Who is considered to have voting and dispositive power over these Blend Labs (BLND) shares?

Footnotes state Haveli Investments Software Fund I GP, LLC, Whanau Interests LLC, Haveli Software Management LLC, Haveli Investment Management LLC, Haveli Investments, L.P. and Brian N. Sheth may be deemed to share voting and dispositive power over Haveli Brooks Aggregator’s securities, subject to pecuniary-interest-based disclaimers.

How many Blend Labs (BLND) shares do the Haveli entities hold after these transactions?

Post-transaction lines show indirect holdings of 12,800,508 shares, 11,503,584 shares and 11,244,788 shares of Blend Labs Class A common stock, plus 130,000 shares held through a family trust. These figures reflect positions as reported on specific transaction dates in the Form 4.

Are any Blend Labs (BLND) shares held through a family trust in this Form 4?

Yes. One line notes 130,000 shares of Blend Labs Class A common stock are held through a family trust for which Brian N. Sheth’s spouse serves as trustee. This position is reported as an indirect holding, separate from Haveli Brooks Aggregator’s main stake.