SHETH BRIAN NIRANJAN 4
4 · Blend Labs, Inc. · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
Blend Labs (BLND) 10% Owner Haveli Investments Buys 1.95M Shares
What Happened Haveli Investments, L.P. (reported as a 10% owner of Blend Labs, Inc. / BLND) made three open-market purchases between May 11 and May 13, 2026, acquiring a total of 1,951,635 shares for approximately $2,789,590. Transactions reported were:
- May 11, 2026 — 395,915 shares at a weighted avg price of $1.41 (total $557,171) (see footnote F1; prices ranged $1.3371–$1.459).
- May 12, 2026 — 258,796 shares at a weighted avg price of $1.41 (total $365,886) (see footnote F2; prices ranged $1.38–$1.44).
- May 13, 2026 — 1,296,924 shares at a weighted avg price of $1.44 (total $1,866,533) (see footnote F3; prices ranged $1.405–$1.465).
These were purchases (buying stock), which investors often view as a more informative signal than routine sales because they increase the reporting party’s stake.
Key Details
- Transaction dates: May 11, 2026; May 12, 2026; May 13, 2026.
- Prices: weighted averages reported as $1.41 (May 11 & 12) and $1.44 (May 13); underlying trade-price ranges provided in footnotes F1–F3.
- Total shares acquired: 1,951,635; total disclosed cash spent ≈ $2,789,590.
- Shares owned after transaction: not specified in the provided excerpt of the Form 4.
- Filing: Form 4 was filed May 13, 2026, reporting trades from May 11–13; this appears to be within the typical two-business-day reporting window.
- Notable footnotes: F1–F3 explain reported prices are weighted averages with specified price ranges; F4–F6 describe the ownership chain (Haveli Aggregator, general partner and adviser entities) and note shared voting/dispositive power and a family trust connection to Mr. Brian N. Sheth.
Context
- This filing reflects activity by a 10% institutional owner via affiliated entities rather than a direct executive sale/purchase. Footnotes show a multi-entity structure that may share voting/dispositive power; those entities disclaim beneficial ownership except for pecuniary interest. No options, gifts, or awards were reported.
Insider Transaction Report
Form 4
Blend Labs, Inc.BLND
Haveli Investments, L.P.
Director10% Owner
Transactions
- Purchase
Class A Common Stock
[F1][F4][F5]2026-05-11$1.41/sh+395,915$557,171→ 11,244,788 total(indirect: See footnotes) - Purchase
Class A Common Stock
[F2][F4][F5]2026-05-12$1.41/sh+258,796$365,886→ 11,503,584 total(indirect: See footnotes) - Purchase
Class A Common Stock
[F3][F4][F5]2026-05-13$1.44/sh+1,296,924$1,866,533→ 12,800,508 total(indirect: See footnotes)
Holdings
- 130,000(indirect: See footnote)
Class A Common Stock
[F6]
Footnotes (6)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]Held through a family trust of which Mr. Sheth's spouse is the trustee.