SHETH BRIAN NIRANJAN 4
4 · Blend Labs, Inc. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Blend Labs (BLND) 10% Owner Haveli Investments Buys Shares
What Happened
Haveli Investments, L.P., a reported 10% owner of Blend Labs (BLND), purchased a total of 268,606 ordinary shares in two open‑market transactions. On 2026‑06‑03 Haveli Investments acquired 240,307 shares at a weighted average price of $1.56 (total ≈ $376,056). On 2026‑06‑05 it acquired an additional 28,299 shares at a weighted average price of $1.60 (total ≈ $45,278). These were purchases (buying stock), which are generally interpreted as acquisitions rather than dispositions.
Key Details
- Transaction dates and prices: 6/3/2026 — 240,307 shares at a weighted avg $1.56 (prices ranged $1.555–$1.57); 6/5/2026 — 28,299 shares at $1.60 (weighted avg).
- Total shares acquired: 268,606; aggregate cash value ≈ $421,334.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing date: Form 4 filed 2026‑06‑05; the filing reports the June 3 and June 5 purchases and appears to be timely.
- Footnotes of note: (1) and (2) explain reported prices are weighted averages across multiple trades; (3)–(5) describe a layered ownership structure (Haveli Aggregator, Haveli Investments Software GP, Whanau, Haveli Software Management, Haveli Investment Management and Mr. Brian N. Sheth) and disclaimers of direct beneficial ownership except to the extent of pecuniary interest. One holding is through a family trust with Mr. Sheth’s spouse as trustee.
Context
Haveli Investments is a large (10%) shareholder entity rather than an individual executive; the filing shows institutional/affiliate buying through affiliated entities. The footnotes indicate the holdings are held through a complex group of partnerships and trusts and that several related entities may be deemed to share voting/dispositive power but disclaim direct beneficial ownership beyond economic interest.
Insider Transaction Report
- Purchase
Class A Common Stock
[F1][F3][F4]2026-06-03$1.56/sh+240,307$376,056→ 16,389,495 total(indirect: See footnotes) - Purchase
Class A Common Stock
[F2][F3][F4]2026-06-05$1.60/sh+28,299$45,278→ 16,417,794 total(indirect: See footnotes)
- 130,000(indirect: See footnote)
Class A Common Stock
[F5]
Footnotes (5)
- [F1]The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $1.555 to $1.57, 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 $1.60, 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]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.
- [F4]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.
- [F5]Held through a family trust of which Mr. Sheth's spouse is the trustee.