Sec Form 3 Filing - Haveli Investments, L.P. @ Blend Labs, Inc. - 2024-04-29

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Haveli Investments, L.P. 2. Issuer Name and Ticker or Trading Symbol Blend Labs, Inc. [ BLND] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 405 COLORADO STREET, SUITE 1600 3. Date of Earliest Transaction (MM/DD/YY) 04/29/2024 (Street) AUSTIN, TX78701 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 130,000 I See footnote ( 1 )

< td style="text-align: center;"> Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Series A Convertible Preferred Stock ( 2 ) ( 2 ) ( 2 ) Common Stock 150,000 ( 2 ) I See footnotes ( 3 ) ( 4 ) Warrant (right to buy) $ 4.5 04/30/2024 04/30/2026 Common Stock 11,111,112 I See footnotes ( 3 ) ( 4 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Haveli Investments, L.P. 405 COLORADO STREET, SUITE 1600 AUSTIN, TX78701 X X Haveli Brooks Aggregator, L.P. 405 COLORADO STREET, SUITE 1600 AUSTIN, TX78701 X X Haveli Investments Software Fund I GP, LLC 405 COLORADO STREET, SUITE 1600 AUSTIN, TX78701 X X Haveli Software Management LLC 405 COLORADO STREET, SUITE 1600 AUSTIN, TX78701 X X Haveli Investment Management LLC 405 COLORADO STREET, SUITE 1600 AUSTIN, TX78701 X X Whanau Interests LLC 405 COLORADO STREET, SUITE 1600 AUSTIN, TX78701 X X SHETH BRIAN NIRANJAN 405 COLORADO STREET, SUITE 1600 AUSTIN, TX78701 X X Signatures 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 05/09/2024 Signature of Reporting Person Date Haveli Investments Software Fund I GP, LLC, By: Whanau Interests LLC, its sole member, By: /s/ Brian N. Sheth, Title: Managing Member 05/09/2024 Signature of Reporting Person Date Haveli Software Management LLC, By: /s/ Brian N. Sheth, Title: Manager 05/09/2024 Signature of Reporting Person Date Haveli Investment Management LLC, By: /s/ Brian N. Sheth, Title: Manager 05/09/2024 Signature of Reporting Person Date Haveli Investments, L.P. By: Whanau Interests LLC, its general partner, By: /s/ Brian N. Sheth, Title: Managing Member 05/09/2024 Signature of Reporting Person Date Whanau Interests LLC, By: /s/ Brian N. Sheth, Title: Managing Member 05/09/2024 Signature of Reporting Person Date /s/ Brian N. Sheth 05/09/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Held through a family trust of which Mr. Sheth's spouse is the trustee. ( 2 )Each share of Series A Convertible Preferred Stock has a stated value of $1,000. On or after the expiration or earlier termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder, the Series A Preferred Stock is convertible at the option of the holders thereof at any time into an initial conversion rate of 307.6923 per $1,000 principal amount (equivalent to an initial conversion price of approximately $3.25 per share) of the Issuer's class A common stock, par value $0.00001 per share ("Common Stock"), and is subject to certain anti-dilution adjustments. In no event will the conversion rate be less than 404.0729 per $1,000 principal amount. ( 3 )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. ( 4 )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.

Remarks: Mr. Sheth is a member of the board of directors of the Issuer. As such, the other reporting persons may be deemed to be "directors by deputization" of the Issuer.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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