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.