Haveli entities boost Blend Labs (BLND) stake with 1.04M-share purchase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Blend Labs, Inc. reported that investment entities associated with Haveli Brooks Aggregator, L.P. made open-market purchases of Class A common stock. Over May 22–27, 2026, they bought a total of 1,043,628 shares at weighted average prices in the mid‑$1.40 range. After these transactions, Haveli Brooks Aggregator indirectly held 16,149,188 shares, and a separate 130,000 shares were held through a family trust for the spouse of Brian N. Sheth. Various Haveli and Whanau entities, and Mr. Sheth, may be deemed to share voting and dispositive power over these holdings but disclaim beneficial ownership except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Haveli-affiliated entities made a sizable net open-market share purchase in Blend Labs.
Entities tied to Haveli Brooks Aggregator, L.P. executed three open-market purchases totaling 1,043,628 shares of Blend Labs Class A common stock at prices around the mid-$1.40 range. These are active buy decisions rather than option exercises or grants.
Following the latest transaction, Haveli Brooks Aggregator indirectly held 16,149,188 shares, while a family trust connected to Brian N. Sheth held 130,000 shares. The filing notes that several Haveli and Whanau entities, and Mr. Sheth, may be deemed to share voting and dispositive power but disclaim beneficial ownership beyond their pecuniary interest, indicating complex but coordinated institutional ownership.
No derivative positions are listed, and all reported activity is in common stock. Future company filings may clarify how this ownership evolves relative to total shares outstanding, which would further frame the scale of this position.
Insider Trade Summary
Net Buyer: 1,043,628 shares ($1,540,215)
Net Buy
4 txns
Insider
Haveli Investments, L.P., Haveli Brooks Aggregator, L.P., Haveli Investments Software Fund I GP, LLC, Haveli Software Management LLC, Haveli Investment Management LLC, Whanau Interests LLC, SHETH BRIAN NIRANJAN
Role
null | null | null | null | null | null | null
Bought
1,043,628 shs ($1.54M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 1,600 | $1.4941 | $2K |
| Purchase | Class A Common Stock | 243,805 | $1.4591 | $356K |
| Purchase | Class A Common Stock | 798,223 | $1.4809 | $1.18M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 16,149,188 shares (Indirect, See footnotes)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $1.465 to $1.50, 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. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $1.435 to $1.48, 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. The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $1.485 to $1.495, 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. 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. 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. Held through a family trust of which Mr. Sheth's spouse is the trustee.
Key Figures
Net shares purchased: 1,043,628 shares
Purchase block: 798,223 shares at $1.4809
Purchase block: 243,805 shares at $1.4591
+3 more
6 metrics
Net shares purchased
1,043,628 shares
Total open-market buys across three transactions
Purchase block
798,223 shares at $1.4809
Class A common stock buy on May 22, 2026
Purchase block
243,805 shares at $1.4591
Class A common stock buy on May 26, 2026
Purchase block
1,600 shares at $1.4941
Class A common stock buy on May 27, 2026
Indirect holdings
16,149,188 shares
Class A common stock held by Haveli Brooks Aggregator after latest trade
Family trust holding
130,000 shares
Class A common stock held through family trust for Mr. Sheth’s spouse
Key Terms
weighted average price, open-market purchase, voting and dispositive power, beneficial ownership, +2 more
6 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market purchase financial
"transaction_action: open-market purchase of Class A common stock"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
voting and dispositive power financial
"may each be deemed to share voting and dispositive power with respect to the securities"
beneficial ownership financial
"each disclaim beneficial ownership of such securities except to the extent of their pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein"
family trust financial
"Held through a family trust of which Mr. Sheth's spouse is the trustee."
FAQ
Are the Blend Labs (BLND) purchases by Haveli entities open-market transactions?
Yes. The Form 4 classifies the three main transactions under code P as open-market purchases of Class A common stock. Each transaction involved cash buying in the market rather than option exercises, grants, or derivative conversions.
Do Haveli entities use derivatives in their Blend Labs (BLND) position in this Form 4?
No derivative transactions are reported in this Form 4. The derivativeSummary is empty, and all disclosed activity involves non-derivative Class A common stock, indicating the reported changes come solely from direct share purchases and holdings.