SHETH BRIAN NIRANJAN 4
4 · Blend Labs, Inc. · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Blend Labs (BLND) 10% Owner Haveli Investments Buys Stock
What Happened
- Haveli Investments, L.P. (reported as a 10% owner) acquired a total of 1,156,928 shares of Blend Labs, Inc. (BLND) in three open-market/private purchases. The purchases reported are:
- 250,000 shares on 2026-06-11 at a weighted average price of $1.74 (total $435,125) (see F1 for price range).
- 256,928 shares on 2026-06-12 at a weighted average price of $1.70 (total $436,161) (see F2 for price range).
- 650,000 shares on 2026-06-15 at a weighted average price of $1.72 (total $1,120,080) (see F3 for price range).
- These were purchases (P), which investors typically view as a more informative/positive signal than routine sales, though no motivations are stated.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-06-11 — 250,000 @ $1.74 (weighted; transactions ranged $1.705–$1.785) (F1)
- 2026-06-12 — 256,928 @ $1.70 (weighted; transactions ranged $1.6744–$1.73) (F2)
- 2026-06-15 — 650,000 @ $1.72 (weighted; transactions ranged $1.705–$1.75) (F3)
- Total shares bought: 1,156,928. Total reported value: ~$1,991,366.
- Shares owned after the transactions: not specified in the data you provided in this summary.
- Ownership/beneficial-interest notes: the filing shows the shares are held through Haveli Brooks Aggregator, L.P. and lists an ownership chain (Haveli Investments Software GP, Whanau Interests LLC, Haveli Software Management, Haveli Investment Management, Haveli Investments, and Mr. Brian N. Sheth) who may be deemed to share voting/dispositive power; those parties disclaim beneficial ownership except to the extent of pecuniary interest (F4, F5). One holding is through a family trust with Mr. Sheth’s spouse as trustee (F6).
- Filing timeliness: Form 4 was filed on 2026-06-15 and covers purchases on 6/11, 6/12 and 6/15; the filing date appears to be within the standard two-business-day reporting window for these transactions.
Context
- These are purchases by a large, affiliated investor (a reported 10% owner / institutional holder), not routine insider stock-option exercises or director/employee compensation. Institutional purchases can indicate support from significant holders, but do not by themselves explain motivation or future company performance.
Insider Transaction Report
Form 4
Blend Labs, Inc.BLND
Haveli Investments, L.P.
Director10% Owner
Transactions
- Purchase
Class A Common Stock
[F1][F4][F5]2026-06-11$1.74/sh+250,000$435,125→ 17,786,729 total(indirect: See footnotes) - Purchase
Class A Common Stock
[F2][F4][F5]2026-06-12$1.70/sh+256,928$436,161→ 18,043,657 total(indirect: See footnotes) - Purchase
Class A Common Stock
[F3][F4][F5]2026-06-15$1.72/sh+650,000$1,120,080→ 18,693,657 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 $1.705 to $1.785, 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 $1.6744 to $1.73, 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 $1.705 to $1.75, 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.