Blend Labs (BLND) 10% Owner Haveli Investments Buys 1.04M Shares

What Happened
Haveli Investments, L.P. — identified in the filing as a 10% owner of Blend Labs, Inc. (BLND) — made three purchases of Blend Labs common stock in late May 2026. The filing reports purchases of 798,223 shares at a weighted-average price of $1.48 on 2026-05-22 (≈ $1,182,088); 243,805 shares at a weighted-average price of $1.46 on 2026-05-26 (≈ $355,736); and 1,600 shares at a weighted-average price of $1.49 on 2026-05-27 (≈ $2,391). Total purchased: 1,043,628 shares for approximately $1,540,215. These were purchases (a net buy), which investors often view as more informative than routine sales.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-05-22: 798,223 shares @ $1.48 (weighted avg; actual trades ranged $1.465–$1.50) — ≈ $1,182,088 (F1)
  • 2026-05-26: 243,805 shares @ $1.46 (weighted avg; actual trades ranged $1.435–$1.48) — ≈ $355,736 (F2)
  • 2026-05-27: 1,600 shares @ $1.49 (weighted avg; actual trades ranged $1.485–$1.495) — ≈ $2,391 (F3)
• Total purchased: 1,043,628 shares for ≈ $1.54 million.
• Filings indicate these were open-market or private purchases (transaction code P).
• Shares owned after the transactions are not specified in the summary data provided in this request (refer to the Form 4 for the reported post-transaction holdings).
• Filing date: 2026-05-27 (reports trades through 05-27). The Form 4 lists the purchases; no explicit late-filing notation was provided in the data you supplied.

Context

• The filing includes ownership-structure footnotes (F4–F6) showing the shares are held through related entities (Haveli Brooks Aggregator, Haveli Investments Software GP, Whanau Interests LLC, and related management entities) and that Mr. Brian N. Sheth is the managing member of Whanau. Those entities may be deemed to share voting/dispositive power but disclaim beneficial ownership except to the extent of pecuniary interest. This is institutional/affiliated-holder activity (a 10% owner), not necessarily an individual executive trade.
• Footnotes F1–F3 explain reported prices are weighted averages for multiple trades within the stated price ranges; the filer offers to provide breakdowns on request.