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Haveli Investments, a ten percent owner and director in Blend Labs, Inc. (NYSE:BLND), has made significant purchases of the company’s Class A Common Stock. According to a Form 4 filing, Haveli invested $6,800,327 in Blend Labs shares between November 10 and November 12, 2025.
The purchases were executed in three separate transactions. On November 10, Haveli bought 701,110 shares at a weighted average price ranging from $2.885 to $3.00, for a total value of $2,091,904. The next day, November 11, the firm acquired 600,308 shares at prices between $2.99 and $3.00, worth $1,799,923. The buying spree concluded on November 12 with the purchase of 953,634 shares at prices ranging from $2.9844 to $3.065, totaling $2,908,499.
Following these transactions, Haveli Brooks Aggregator, L.P. directly holds 5,931,971 shares. Additionally, 130,000 shares are held through a family trust of Brian N. Sheth’s spouse.
Brian N. Sheth is the Managing Member of Whanau Interests LLC, which is the general partner of Haveli Investments, L.P. He is also the Chief Executive Officer and Chief Investment Officer of Haveli Investment Management LLC.
In other recent news, Blend Labs Inc. reported its Q3 2025 earnings, revealing a revenue of $32.9 million, which slightly surpassed the forecast of $32.78 million. This development highlights the company’s ability to meet revenue expectations despite challenging market conditions. However, the company’s stock performance did not mirror this success, as it experienced a decline following the earnings announcement. Blend Labs continues to focus on AI-driven product innovation, a strategic move that the company hopes will bolster its competitive position. These recent developments come amid investor concerns over potential future market challenges and competitive pressures. Analysts and investors are closely watching how Blend Labs navigates these issues in the coming quarters.
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