Blend Labs, Inc. SEC Filings

Blend Labs director Timothy J. Mayopoulos exercised equity awards that convert into common shares. He exercised 50,000 Restricted Stock Units (RSUs), each representing one share of Blend Labs Class A Common Stock, and received 50,000 shares.

The RSUs vested on the earlier of the one-year anniversary of the grant date or the day before the next annual shareholder meeting, subject to continued service. After this transaction, Mayopoulos directly holds 431,130 shares of Class A Common Stock, and the reported RSU position from this grant is fully exhausted.

Haveli-affiliated funds and Brian N. Sheth have amended their Schedule 13D on Blend Labs, Inc., disclosing beneficial ownership of about 64.2 million shares of Class A common stock, representing roughly 22.5–22.6% of the class. This stake includes 46,153,845 shares issuable upon conversion of 150,000 shares of Series A Convertible Preferred Stock and 18,043,657 already outstanding Class A shares. The ownership and voting/dispositive power are reported as shared among several Haveli entities and Sheth, highlighting a significant, largely preferred-linked position in Blend Labs.

Haveli Brooks Aggregator, L.P., an entity associated with Haveli Investments and Brian N. Sheth, reported open-market purchases of 1,118,935 shares of Blend Labs, Inc. Class A common stock. The shares were bought at weighted average prices between $1.655 and $1.73 per share.

After these transactions, entities in the Haveli structure report holding 17,536,729 Class A shares indirectly, and a further 130,000 shares are held through a family trust for which Mr. Sheth’s spouse is trustee. The Haveli entities and Mr. Sheth may be deemed to share voting and dispositive power over Haveli Brooks Aggregator’s holdings but each disclaims beneficial ownership beyond any pecuniary interest.

Blend Labs, Inc. reported that investment entities associated with Haveli Investments made open-market purchases of its Class A Common Stock. On June 3, they bought 240,307 shares at a weighted average price of $1.5649 per share, and on June 5 they bought 28,299 shares at $1.60 per share.

After these transactions, Haveli Brooks Aggregator, L.P. indirectly held 16,417,794 shares, while an additional 130,000 shares were held indirectly through a family trust for the spouse of Brian N. Sheth. The Haveli-related entities may be deemed to share voting and dispositive power over the Haveli Brooks Aggregator position, but each disclaims beneficial ownership except to the extent of any pecuniary interest.

Blend Labs, Inc. reported that investment entities associated with Haveli Brooks Aggregator, L.P. made open-market purchases of Class A common stock. Over May 22–27, 2026, they bought a total of 1,043,628 shares at weighted average prices in the mid‑$1.40 range. After these transactions, Haveli Brooks Aggregator indirectly held 16,149,188 shares, and a separate 130,000 shares were held through a family trust for the spouse of Brian N. Sheth. Various Haveli and Whanau entities, and Mr. Sheth, may be deemed to share voting and dispositive power over these holdings but disclaim beneficial ownership except to the extent of their pecuniary interest.

Blend Labs, Inc. principal accounting officer Oxana Tkach reported an open-market sale of Class A Common Stock. She sold 5,625 shares at a price of $1.57 per share and held 117,447 shares of Class A Common Stock directly after the transaction.

The filing notes that this sale was effected under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person, indicating it was scheduled in advance rather than timed discretionarily.

Blend Labs, Inc. executive Winnie Ling, Head of Legal and People, reported routine equity compensation activity involving Restricted Stock Units (RSUs) that convert into Class A common stock. On May 20, 2026, RSUs covering 70,414 shares were exercised or converted into Class A shares at a stated price of $0.00 per share.

To cover related tax obligations upon RSU vesting, 25,385 Class A shares were withheld at $1.48/share. This represents a tax-withholding disposition rather than an open-market sale. Net of withholding, Ling effectively received tens of thousands of additional shares as part of compensation.

The footnotes state that each RSU represents a contingent right to one share of Class A common stock and that these RSUs vest in equal quarterly installments over a two-year period, so long as Ling continues as a service provider to the company.

Blend Labs, Inc. Head of Revenue Matthew Christopher Thomson reported routine equity compensation activity involving Class A Common Stock and Restricted Stock Units (RSUs). He exercised derivative securities covering 100,000 shares of Class A Common Stock, with each RSU representing a contingent right to one share.

In connection with the RSU vesting, 24,797 shares of Class A Common Stock were withheld at $1.48 per share to cover tax obligations, a non‑market disposition. Following these transactions, he directly holds 75,203 shares of Class A Common Stock and 1,500,000 RSUs, which vest in equal quarterly increments over four years while he continues as a service provider.

Blend Labs, Inc. reports that Venkatramani Srinivasan, Head of Product Tech & Cust Op, exercised 81,250 Restricted Stock Units into the same number of Class A Common Stock shares on May 20, 2026. In connection with this vesting, 29,372 shares were withheld at $1.4800 per share to cover tax obligations, and he now directly holds 259,390 Class A shares.

Each Restricted Stock Unit represents a contingent right to receive one Class A share. One-quarter of the RSUs vested on February 20, 2026, with the remaining RSUs scheduled to vest in equal quarterly increments over the following three-year period, subject to Srinivasan continuing as a Service Provider. The filing indicates these transactions were not made under a Rule 10b5-1 trading plan.