Blend Labs, Inc. — Director's Dealing 2025

Nov 13, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blend Labs, Inc. (BLND)
CIK: 0001855747
Period of Report: 2025-11-10

Reporting Person: Haveli Investments, L.P. (N/A)
Reporting Person: Haveli Brooks Aggregator, L.P. (N/A)
Reporting Person: Haveli Investments Software Fund I GP, LLC (N/A)
Reporting Person: Haveli Software Management LLC (N/A)
Reporting Person: Haveli Investment Management LLC (N/A)
Reporting Person: Whanau Interests LLC (N/A)
Reporting Person: SHETH BRIAN NIRANJAN (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-10	Class A Common Stock	P	701110	$2.9839	Acquired	4378029	Indirect
2025-11-11	Class A Common Stock	P	600308	$2.9986	Acquired	4978337	Indirect
2025-11-12	Class A Common Stock	P	953634	$3.0496	Acquired	5931971	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	130000	Indirect

Footnotes

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.

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.

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.

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.