[SCHEDULE 13G/A] Blend Labs, Inc. Amended Passive Investment Disclosure
Blend Labs sees Lightspeed report 0% stake
Blend Labs, Inc. received an amended Schedule 13G filing in which a group of affiliated Lightspeed venture funds report that they no longer beneficially own a significant stake in the company’s Class A common stock.
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Blend Labs, Inc. received an amended Schedule 13G filing in which a group of affiliated Lightspeed venture funds report that they no longer beneficially own a significant stake in the company’s Class A common stock.
As of June 30, 2026, Lightspeed Venture Partners IX, L.P., Lightspeed Venture Partners Select, L.P., Lightspeed Venture Partners Select III, L.P., and their related general partner and ultimate general partner entities each report 0 shares of Blend Labs Class A common stock beneficially owned and 0.0% of the class. The reporting entities are organized in the Cayman Islands and expressly state that they disclaim status as a “group” for these holdings.
Key Figures
Beneficial ownership:0 sharesPercent of class:0.0%Ownership threshold status:5 percent or less+1 more
4 metrics
Beneficial ownership0 sharesShares of Blend Labs Class A common stock beneficially owned by each Lightspeed reporting person as of June 30, 2026
Percent of class0.0%Percentage of Blend Labs Class A common stock beneficially owned by each Lightspeed reporting person as of June 30, 2026
Ownership threshold status5 percent or lessItem 5 states ownership of 5 percent or less of a class of Blend Labs Class A common stock
Reporting date06/30/2026Date as of which beneficial ownership in Blend Labs Class A common stock is reported
Key Terms
beneficially owned, sole voting power, shared dispositive power, Ownership of 5 percent or less of a class, +1 more
5 terms
beneficially ownedfinancial
"sets forth the aggregate number of shares of Class A common stock of the Issuer beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting powerfinancial
"Row 5 of each Reporting Person's cover page sets forth the sole voting power"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
shared dispositive powerfinancial
"Row 8 of each Reporting Person's cover page sets forth the shared dispositive power"
Ownership of 5 percent or less of a classregulatory
"Item 5. | Ownership of 5 Percent or Less of a Class. | Ownership of 5 percent or less of a class"
Schedule 13Gregulatory
"Exhibit 99.1 Joint Filing Agreement incorporated by reference to the Reporting Persons' Schedule 13G"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership in Blend Labs (BLND) do the Lightspeed entities report in this Schedule 13G/A?
The Lightspeed entities report 0 shares of Blend Labs Class A common stock beneficially owned and 0.0% of the class as of June 30, 2026, indicating they no longer hold a reportable stake.
Who are the reporting persons in this Blend Labs (BLND) Schedule 13G/A amendment?
The reporting persons are multiple Lightspeed funds and affiliates, including Lightspeed Venture Partners IX, L.P., Lightspeed Venture Partners Select, L.P., Lightspeed Venture Partners Select III, L.P., and their related general partner and ultimate general partner entities, all organized in the Cayman Islands.
What class of Blend Labs (BLND) securities is covered by this filing?
The filing covers Blend Labs’ Class A common stock with a par value of $0.00001 per share, identified by CUSIP 09352U108, and reports the Lightspeed entities’ beneficial ownership in this class.
What does 'Ownership of 5 percent or less of a class' mean for Blend Labs (BLND) here?
The filing states Ownership of 5 percent or less of a class, which, together with the reported 0.0% figure, confirms the Lightspeed entities no longer hold a 5% or greater beneficial ownership position in Blend Labs’ Class A shares.
Do the Lightspeed entities claim to be acting as a group in Blend Labs (BLND)?
No. The reporting persons explicitly state they disclaim status as a "group" for purposes of this report, even though they make a joint filing regarding their Blend Labs Class A common stock holdings.
As of what date is the Lightspeed ownership in Blend Labs (BLND) measured in this filing?
The beneficial ownership information for the Lightspeed entities is reported as of June 30, 2026. All share and percentage figures, including the reported 0 shares and 0.0% ownership, are tied to that date.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Blend Labs, Inc.
(Name of Issuer)
Class A common stock, par value $0.00001
(Title of Class of Securities)
09352U108
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
09352U108
1
Names of Reporting Persons
Lightspeed Venture Partners IX, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
09352U108
1
Names of Reporting Persons
Lightspeed General Partner IX, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
09352U108
1
Names of Reporting Persons
Lightspeed Ultimate General Partner IX, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
09352U108
1
Names of Reporting Persons
Lightspeed Venture Partners Select, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
09352U108
1
Names of Reporting Persons
Lightspeed General Partner Select, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
09352U108
1
Names of Reporting Persons
Lightspeed Ultimate General Partner Select, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
09352U108
1
Names of Reporting Persons
Lightspeed Venture Partners Select III, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
09352U108
1
Names of Reporting Persons
Lightspeed General Partner Select III, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
09352U108
1
Names of Reporting Persons
Lightspeed Ultimate General Partner Select III, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Blend Labs, Inc.
(b)
Address of issuer's principal executive offices:
7250 Redwood Blvd., Suite 300, Novato, CA, 94945.
Item 2.
(a)
Name of person filing:
The names of the persons filing this report (collectively, the "Reporting Persons") are:
Lightspeed Venture Partners IX, L.P. ("Lightspeed IX")
Lightspeed General Partner IX, L.P. ("LGP IX")
Lightspeed Ultimate General Partner IX, Ltd. ("LUGP IX")
Lightspeed Venture Partners Select, L.P. ("Lightspeed Select")
Lightspeed General Partner Select, L.P. ("LGP Select")
Lightspeed Ultimate General Partner Select, Ltd. ("LUGP Select")
Lightspeed Venture Partners Select III, L.P. ("Lightspeed Select III")
Lightspeed General Partner Select III, L.P. ("LGP Select III")
Lightspeed Ultimate General Partner Select III, Ltd. ("LUGP Select III")
The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.
(b)
Address or principal business office or, if none, residence:
c/o Lightspeed Venture Partners
2200 Sand Hill Road
Menlo Park, CA 94025
(c)
Citizenship:
Lightspeed IX Cayman Islands
LGP IX Cayman Islands
LUGP IX Cayman Islands
Lightspeed Select Cayman Islands
LGP Select Cayman Islands
LUGP Select Cayman Islands
Lightspeed Select III Cayman Islands
LGP Select III Cayman Islands
LUGP Select III Cayman Islands
(d)
Title of class of securities:
Class A common stock, par value $0.00001
(e)
CUSIP No.:
09352U108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Row 9 of each Reporting Person's cover page to this Schedule 13G sets forth the aggregate number of shares of Class A common stock of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
LUGP IX serves as the sole general partner of LGP IX, which serves as the sole general partner of Lightspeed IX. LUGP Select serves as the sole general partner of LGP Select, which serves as the sole general partner of Lightspeed Select. LUGP Select III serves as the sole general partner of LGP Select III, which serves as the sole general partner of Lightspeed Select III.
(b)
Percent of class:
Row 11 of each Reporting Person's cover page to this Schedule 13G sets forth the percentages of the shares of Class A common stock of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Row 5 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
(ii) Shared power to vote or to direct the vote:
Row 6 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
(iii) Sole power to dispose or to direct the disposition of:
Row 7 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
(iv) Shared power to dispose or to direct the disposition of:
Row 8 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Lightspeed Venture Partners IX, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
See Note 1
Date:
08/14/2026
Lightspeed General Partner IX, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Lightspeed Ultimate General Partner IX, Ltd., its General Partner, By Ravi Mhatre, Director
Date:
08/14/2026
Lightspeed Ultimate General Partner IX, Ltd.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Ravi Mhatre, Director
Date:
08/14/2026
Lightspeed Venture Partners Select, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
See Note 2
Date:
08/14/2026
Lightspeed General Partner Select, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Lightspeed Ultimate General Partner Select, Ltd., its General Partner, By Ravi Mhatre, Director
Date:
08/14/2026
Lightspeed Ultimate General Partner Select, Ltd.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Ravi Mhatre, Director
Date:
08/14/2026
Lightspeed Venture Partners Select III, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
See Note 3
Date:
08/14/2026
Lightspeed General Partner Select III, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Lightspeed Ultimate General Partner Select III, Ltd., its General Partner, By Ravi Mhatre, Director
Date:
08/14/2026
Lightspeed Ultimate General Partner Select III, Ltd.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Ravi Mhatre, Director
Date:
08/14/2026
Comments accompanying signature: Note 1: By Lightspeed General Partner IX, L.P., its General Partner, By Lightspeed Ultimate General Partner IX, Ltd., its
General Partner, By Ravi Mhatre, Director
Note 2: By Lightspeed General Partner Select, L.P., its General Partner, By Lightspeed Ultimate General Partner Select, Ltd., its General Partner, By Ravi Mhatre, Director
Note 3: By Lightspeed General Partner Select III, L.P., its General Partner, By Lightspeed Ultimate General Partner Select III, Ltd., its General Partner, By Ravi Mhatre, Director
Exhibit Information
Exhibit 99.1 Joint Filing Agreement (incorporated by reference to Exhibit 1 to the Reporting Persons' Schedule 13G filed with the SEC on February 14, 2023).
