<SEC-DOCUMENT>0001193125-25-278444.txt : 20251112
<SEC-HEADER>0001193125-25-278444.hdr.sgml : 20251112
<ACCEPTANCE-DATETIME>20251112214033
ACCESSION NUMBER:		0001193125-25-278444
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20251110
FILED AS OF DATE:		20251112
DATE AS OF CHANGE:		20251112

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SHETH BRIAN NIRANJAN
		CENTRAL INDEX KEY:			0001782665
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40599
		FILM NUMBER:		251475139

	MAIL ADDRESS:	
		STREET 1:		C/O PING IDENTITY CORPORATION
		STREET 2:		1001 17TH STREET, SUITE 100
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Whanau Interests LLC
		CENTRAL INDEX KEY:			0002022120
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40599
		FILM NUMBER:		251475140

	BUSINESS ADDRESS:	
		STREET 1:		405 COLORADO ST., SUITE 1600
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701
		BUSINESS PHONE:		1 (512) 745-5250

	MAIL ADDRESS:	
		STREET 1:		405 COLORADO ST., SUITE 1600
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Haveli Software Management LLC
		CENTRAL INDEX KEY:			0002022117
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40599
		FILM NUMBER:		251475142

	BUSINESS ADDRESS:	
		STREET 1:		405 COLORADO ST., SUITE 1600
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701
		BUSINESS PHONE:		1 (512) 745-5250

	MAIL ADDRESS:	
		STREET 1:		405 COLORADO ST., SUITE 1600
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Haveli Investment Management LLC
		CENTRAL INDEX KEY:			0002022286
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40599
		FILM NUMBER:		251475141

	BUSINESS ADDRESS:	
		STREET 1:		405 COLORADO ST., SUITE 1600
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701
		BUSINESS PHONE:		1 (512) 987-7314

	MAIL ADDRESS:	
		STREET 1:		405 COLORADO ST., SUITE 1600
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Haveli Brooks Aggregator, L.P.
		CENTRAL INDEX KEY:			0002022121
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40599
		FILM NUMBER:		251475144

	BUSINESS ADDRESS:	
		STREET 1:		405 COLORADO ST., SUITE 1600
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701
		BUSINESS PHONE:		1 (512) 745-5250

	MAIL ADDRESS:	
		STREET 1:		405 COLORADO ST., SUITE 1600
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Haveli Investments Software Fund I GP, LLC
		CENTRAL INDEX KEY:			0002022122
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40599
		FILM NUMBER:		251475143

	BUSINESS ADDRESS:	
		STREET 1:		405 COLORADO ST., SUITE 1600
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701
		BUSINESS PHONE:		1 (512) 745-5250

	MAIL ADDRESS:	
		STREET 1:		405 COLORADO ST., SUITE 1600
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Haveli Investments, L.P.
		CENTRAL INDEX KEY:			0002022284
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40599
		FILM NUMBER:		251475145

	BUSINESS ADDRESS:	
		STREET 1:		405 COLORADO ST., SUITE 1600
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701
		BUSINESS PHONE:		1 (512) 987-7314

	MAIL ADDRESS:	
		STREET 1:		405 COLORADO ST., SUITE 1600
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Blend Labs, Inc.
		CENTRAL INDEX KEY:			0001855747
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		ORGANIZATION NAME:           	06 Technology
		EIN:				455211045
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		7250 REDWOOD BLVD., SUITE 300
		CITY:			NOVATO
		STATE:			CA
		ZIP:			94945
		BUSINESS PHONE:		(650) 550-4810

	MAIL ADDRESS:	
		STREET 1:		7250 REDWOOD BLVD., SUITE 300
		CITY:			NOVATO
		STATE:			CA
		ZIP:			94945
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>ownership.xml
<DESCRIPTION>4
<TEXT>
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<?xml version="1.0"?>
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    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2025-11-10</periodOfReport>

    <issuer>
        <issuerCik>0001855747</issuerCik>
        <issuerName>Blend Labs, Inc.</issuerName>
        <issuerTradingSymbol>BLND</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002022284</rptOwnerCik>
            <rptOwnerName>Haveli Investments, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>405 COLORADO STREET, SUITE 1600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002022121</rptOwnerCik>
            <rptOwnerName>Haveli Brooks Aggregator, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>405 COLORADO STREET, SUITE 1600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002022122</rptOwnerCik>
            <rptOwnerName>Haveli Investments Software Fund I GP, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>405 COLORADO STREET, SUITE 1600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>false</isOfficer>
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            <isOther>false</isOther>
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    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002022117</rptOwnerCik>
            <rptOwnerName>Haveli Software Management LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>405 COLORADO STREET, SUITE 1600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
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    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002022286</rptOwnerCik>
            <rptOwnerName>Haveli Investment Management LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>405 COLORADO STREET, SUITE 1600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002022120</rptOwnerCik>
            <rptOwnerName>Whanau Interests LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>405 COLORADO STREET, SUITE 1600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001782665</rptOwnerCik>
            <rptOwnerName>SHETH BRIAN NIRANJAN</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>405 COLORADO STREET, SUITE 1600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2025-11-10</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>false</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>701110</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>2.9839</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4378029</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2025-11-11</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>false</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>600308</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>2.9986</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4978337</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2025-11-12</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>false</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>953634</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.0496</value>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5931971</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>130000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F6"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $2.885 to $3.00, 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.</footnote>
        <footnote id="F2">The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $2.99 to $3.00, 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.</footnote>
        <footnote id="F3">The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $2.9844 to $3.065, 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.</footnote>
        <footnote id="F4">Represents securities held directly by Haveli Brooks Aggregator, L.P. (&quot;Haveli Aggregator&quot;). Haveli Investments Software Fund I GP, LLC (&quot;Haveli Investments Software GP&quot;), is the general partner of Haveli Aggregator. Whanau Interests LLC (&quot;Whanau&quot;) is the sole member of Haveli Investments Software GP. Haveli Software Management LLC (&quot;Haveli Software Management&quot;) is the investment adviser to Haveli Investments Software GP. Haveli Investment Management LLC (&quot;Haveli Investment Management&quot;), a Delaware limited liability company, is the sole member of Haveli Software Management. Haveli Investments, L.P. (&quot;Haveli Investments&quot;) 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.</footnote>
        <footnote id="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.</footnote>
        <footnote id="F6">Held through a family trust of which Mr. Sheth's spouse is the trustee.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Haveli Brooks Aggregator, L.P., By: Haveli Investments Software Fund I GP, LLC, its general partner, By: Whanau Interests LLC, its sole member, By: /s/ Brian N. Sheth, Title: Managing Member</signatureName>
        <signatureDate>2025-11-12</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Haveli Investments Software Fund I GP, LLC, By: Whanau Interests LLC, its sole member, By: /s/ Brian N. Sheth, Title: Managing Member</signatureName>
        <signatureDate>2025-11-12</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Haveli Software Management LLC, By: Haveli Investment Management LLC, its sole member, By: /s/ Brian N. Sheth, Title: Chief Executive Officer and Chief Investment Officer</signatureName>
        <signatureDate>2025-11-12</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Haveli Investment Management LLC, By: /s/ Brian N. Sheth, Title: Chief Executive Officer and Chief Investment Officer</signatureName>
        <signatureDate>2025-11-12</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Haveli Investments, L.P., By: Whanau Interests LLC, its general partner, By: /s/ Brian N. Sheth, Title: Managing Member</signatureName>
        <signatureDate>2025-11-12</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Whanau Interests LLC, By: /s/ Brian N. Sheth, Title: Managing Member</signatureName>
        <signatureDate>2025-11-12</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Brian N. Sheth</signatureName>
        <signatureDate>2025-11-12</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
