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[SCHEDULE 13G/A] Blend Labs, Inc. SEC Filing

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SCHEDULE 13G/A
Rhea-AI Filing Summary

Amendment No. 2 to a Schedule 13G reports current beneficial ownership of Blend Labs, Inc. Class A common stock by several 8VC-related entities and by Joe Lonsdale. The filing shows 8VC Co-Invest LP holds 6,897,728 shares (2.7%) with shared voting and dispositive power, and Opportunities II holds 4,975,791 shares (2.0%) with shared voting and dispositive power. Joe Lonsdale is reported to beneficially own 11,873,519 shares (4.7%) with sole voting and dispositive power over that aggregate amount.

Percentages are calculated on a base of 254,775,978 shares outstanding as of April 30, 2025, as cited in the filing. The reporting persons disclaim beneficial ownership except to the extent of pecuniary interest, and the filing states it only amends the items specified in this Amendment while leaving other previously reported items unchanged.

Emendamento n. 2 al Schedule 13G rende conto della detenzione effettiva attuale di azioni ordinarie di classe A di Blend Labs, Inc. da parte di diverse entità correlate a 8VC e di Joe Lonsdale. Il deposito indica che 8VC Co-Invest LP detiene 6,897,728 azioni (2,7%) con poteri di voto e di disposizione condivisi, e che Opportunities II detiene 4,975,791 azioni (2,0%) con poteri di voto e di disposizione condivisi. A Joe Lonsdale è attribuita la titolarità effettiva di 11,873,519 azioni (4,7%) con potere di voto e di disposizione esclusivo su tale ammontare complessivo.

Le percentuali sono calcolate su un totale di 254,775,978 azioni in circolazione alla data del 30 aprile 2025, come riportato nel deposito. I soggetti segnalanti rinunciano a rivendicare la titolarità effettiva salvo nella misura dell'interesse patrimoniale, e il deposito precisa che modifica solo le voci indicate nel presente emendamento lasciando invariate le altre informazioni precedentemente riportate.

Enmienda n.º 2 al Schedule 13G informa sobre la propiedad beneficiaria actual de las acciones ordinarias Clase A de Blend Labs, Inc. por varias entidades relacionadas con 8VC y por Joe Lonsdale. El documento muestra que 8VC Co-Invest LP posee 6,897,728 acciones (2,7%) con poderes de voto y de disposición compartidos, y que Opportunities II posee 4,975,791 acciones (2,0%) con poderes de voto y de disposición compartidos. Se informa que Joe Lonsdale posee de forma beneficiaria 11,873,519 acciones (4,7%) con poder de voto y de disposición exclusivo sobre ese total.

Los porcentajes se calculan sobre una base de 254,775,978 acciones en circulación a fecha del 30 de abril de 2025, según consta en el documento. Las personas informantes renuncian a reivindicar la propiedad beneficiaria salvo en la medida de su interés pecuniario, y el documento indica que únicamente enmienda los apartados especificados en esta enmienda dejando sin cambios los demás elementos anteriormente declarados.

Schedule 13Gì—� 대í•� 수정ì•� ì �2í˜�ì€ ì—¬ëŸ¬ 8VC ê´€ë � 법ì¸ê³� Joe Lonsdaleì� Blend Labs, Inc. í´ëž˜ìŠ� A ë³´í†µì£¼ì— ëŒ€í•� 현재 실소ìœ� 현황ì� 보고합니ë‹�. 제출서류ì—� 따르ë©� 8VC Co-Invest LPµç� 6,897,728ì£� (2.7%)ë¥� ê³µë™ ì˜ê²°ê¶� ë°� ì²˜ë¶„ê¶Œì„ ê°€ì§€ê³� 보유하고 있으ë©�, Opportunities IIµç� 4,975,791ì£� (2.0%)ë¥� ê³µë™ ì˜ê²°ê¶� ë°� ì²˜ë¶„ê¶Œì„ ê°€ì§€ê³� 보유하고 있습니다. Joe Lonsdaleì€ í•´ë‹¹ 합계ì—� 대í•� ë‹¨ë… ì˜ê²°ê¶� ë°� ì²˜ë¶„ê¶Œì„ ê°€ì§� 것으ë¡� ë³´ê³ ë˜ì–´ 11,873,519ì£� (4.7%)ë¥� 실소유한 것으ë¡� 나타났습니다.

ë¹„ìœ¨ì€ ì œì¶œì„œë¥˜ì—� 명시ë� 바와 ê°™ì´ 2025ë…� 4ì›� 30ì� 기준 254,775,978ì£� 유통주ì‹ì� 기준으로 계산ë˜ì—ˆìŠµë‹ˆë‹�. ë³´ê³ ì¸ë“¤ì€ 금전ì � ì´ìµì� 범위 ë‚´ì—서만 실소유를 ì¸ì •하며, 제출서류µç� ë³� 수정안ì—ì„� 명시ë� í•­ëª©ë§Œì„ ìˆ˜ì •í•˜ê³  ì´ì „ì—� ë³´ê³ ë� 다른 í•­ëª©ë“¤ì€ ë³€ê²½í•˜ì§€ 않았다고 명시하고 있습니다.

Amendement n° 2 au Schedule 13G rend compte de la détention effective actuelle des actions ordinaires de catégorie A de Blend Labs, Inc. par plusieurs entités liées à 8VC et par Joe Lonsdale. Le dépôt indique que 8VC Co-Invest LP »åé³Ù¾±±ð²Ô³Ù 6,897,728 actions (2,7%) avec pouvoirs de vote et de disposition partagés, et que Opportunities II »åé³Ù¾±±ð²Ô³Ù 4,975,791 actions (2,0%) avec pouvoirs de vote et de disposition partagés. Il est indiqué que Joe Lonsdale »åé³Ù¾±±ð²Ô³Ù effectivement 11,873,519 actions (4,7%) avec pouvoirs de vote et de disposition exclusifs sur ce total.

Les pourcentages sont calculés sur la base de 254,775,978 actions en circulation au 30 avril 2025, comme indiqué dans le dépôt. Les personnes déclarantes renoncent à revendiquer la propriété effective sauf dans la mesure d'un intérêt pécuniaire, et le dépôt précise qu'il n'amende que les éléments spécifiés dans le présent amendement, les autres éléments précédemment déclarés restant inchangés.

Änderung Nr. 2 zu Schedule 13G meldet die aktuelle wirtschaftliche Beteiligung an den Stammaktien der Klasse A von Blend Labs, Inc. durch mehrere mit 8VC verbundene Einheiten und durch Joe Lonsdale. Die Einreichung zeigt, dass 8VC Co-Invest LP 6,897,728 Aktien (2,7%) mit gemeinsamem Stimm- und Verfügungsrecht hält, und Opportunities II 4,975,791 Aktien (2,0%) mit gemeinsamem Stimm- und Verfügungsrecht hält. Joe Lonsdale wird als wirtschaftlicher Eigentümer von 11,873,519 Aktien (4,7%) angegeben und verfügt über alleiniges Stimm- und Verfügungsrecht für diese Gesamtanzahl.

Die Prozentsätze werden auf Basis von 254,775,978 ausstehenden Aktien zum 30. April 2025 berechnet, wie in der Einreichung angegeben. Die meldenden Personen weisen eine wirtschaftliche Eigentümerschaft ab, außer insoweit ein geldwerter Vorteil besteht, und die Einreichung stellt klar, dass nur die in dieser Änderung angegebenen Punkte geändert werden, während andere zuvor gemeldete Angaben unverändert bleiben.

Positive
  • Detailed disclosure of share counts: Reporting persons provide exact holdings (e.g., 11,873,519 shares for Joe Lonsdale).
  • Transparency of voting/dispositive power: Filing specifies which holdings are held with shared or sole voting/dispositive power.
  • Percentage basis provided: Percentages are calculated on a cited outstanding share count of 254,775,978 shares.
Negative
  • No indication of sole fund control: Reported fund holdings show 0 sole voting/dispositive power, limiting direct control influence.
  • All reported stakes are under 5% individually: Each fund's position (2.7% and 2.0%) is below common control thresholds.

Insights

TL;DR: This is a routine beneficial-ownership amendment showing sub-5% stakes by funds and a 4.7% aggregate holding by Lonsdale.

The filing discloses precise share counts and percentage stakes based on 254,775,978 shares outstanding. Fund-level positions are reported as shared voting and dispositive power, while Joe Lonsdale is shown with sole voting and dispositive power over 11,873,519 shares. From a market-impact perspective, these positions are material enough to be disclosed but remain below typical control thresholds; the disclosure improves transparency without indicating any new control change or transaction details.

TL;DR: Clear allocation of voting/dispositive powers; no single entity claims controlling interest above 5%.

The schedule clarifies governance-related rights: the funds report 0 sole voting/dispositive power and only shared authority over their respective holdings, while Joe Lonsdale holds sole authority over his aggregate position. The filing reiterates the standard disclaimer of beneficial ownership except for pecuniary interest. For governance assessment, this is a factual update on ownership structure and decision rights without evidence in the filing of coordinated control actions.

Emendamento n. 2 al Schedule 13G rende conto della detenzione effettiva attuale di azioni ordinarie di classe A di Blend Labs, Inc. da parte di diverse entità correlate a 8VC e di Joe Lonsdale. Il deposito indica che 8VC Co-Invest LP detiene 6,897,728 azioni (2,7%) con poteri di voto e di disposizione condivisi, e che Opportunities II detiene 4,975,791 azioni (2,0%) con poteri di voto e di disposizione condivisi. A Joe Lonsdale è attribuita la titolarità effettiva di 11,873,519 azioni (4,7%) con potere di voto e di disposizione esclusivo su tale ammontare complessivo.

Le percentuali sono calcolate su un totale di 254,775,978 azioni in circolazione alla data del 30 aprile 2025, come riportato nel deposito. I soggetti segnalanti rinunciano a rivendicare la titolarità effettiva salvo nella misura dell'interesse patrimoniale, e il deposito precisa che modifica solo le voci indicate nel presente emendamento lasciando invariate le altre informazioni precedentemente riportate.

Enmienda n.º 2 al Schedule 13G informa sobre la propiedad beneficiaria actual de las acciones ordinarias Clase A de Blend Labs, Inc. por varias entidades relacionadas con 8VC y por Joe Lonsdale. El documento muestra que 8VC Co-Invest LP posee 6,897,728 acciones (2,7%) con poderes de voto y de disposición compartidos, y que Opportunities II posee 4,975,791 acciones (2,0%) con poderes de voto y de disposición compartidos. Se informa que Joe Lonsdale posee de forma beneficiaria 11,873,519 acciones (4,7%) con poder de voto y de disposición exclusivo sobre ese total.

Los porcentajes se calculan sobre una base de 254,775,978 acciones en circulación a fecha del 30 de abril de 2025, según consta en el documento. Las personas informantes renuncian a reivindicar la propiedad beneficiaria salvo en la medida de su interés pecuniario, y el documento indica que únicamente enmienda los apartados especificados en esta enmienda dejando sin cambios los demás elementos anteriormente declarados.

Schedule 13Gì—� 대í•� 수정ì•� ì �2í˜�ì€ ì—¬ëŸ¬ 8VC ê´€ë � 법ì¸ê³� Joe Lonsdaleì� Blend Labs, Inc. í´ëž˜ìŠ� A ë³´í†µì£¼ì— ëŒ€í•� 현재 실소ìœ� 현황ì� 보고합니ë‹�. 제출서류ì—� 따르ë©� 8VC Co-Invest LPµç� 6,897,728ì£� (2.7%)ë¥� ê³µë™ ì˜ê²°ê¶� ë°� ì²˜ë¶„ê¶Œì„ ê°€ì§€ê³� 보유하고 있으ë©�, Opportunities IIµç� 4,975,791ì£� (2.0%)ë¥� ê³µë™ ì˜ê²°ê¶� ë°� ì²˜ë¶„ê¶Œì„ ê°€ì§€ê³� 보유하고 있습니다. Joe Lonsdaleì€ í•´ë‹¹ 합계ì—� 대í•� ë‹¨ë… ì˜ê²°ê¶� ë°� ì²˜ë¶„ê¶Œì„ ê°€ì§� 것으ë¡� ë³´ê³ ë˜ì–´ 11,873,519ì£� (4.7%)ë¥� 실소유한 것으ë¡� 나타났습니다.

ë¹„ìœ¨ì€ ì œì¶œì„œë¥˜ì—� 명시ë� 바와 ê°™ì´ 2025ë…� 4ì›� 30ì� 기준 254,775,978ì£� 유통주ì‹ì� 기준으로 계산ë˜ì—ˆìŠµë‹ˆë‹�. ë³´ê³ ì¸ë“¤ì€ 금전ì � ì´ìµì� 범위 ë‚´ì—서만 실소유를 ì¸ì •하며, 제출서류µç� ë³� 수정안ì—ì„� 명시ë� í•­ëª©ë§Œì„ ìˆ˜ì •í•˜ê³  ì´ì „ì—� ë³´ê³ ë� 다른 í•­ëª©ë“¤ì€ ë³€ê²½í•˜ì§€ 않았다고 명시하고 있습니다.

Amendement n° 2 au Schedule 13G rend compte de la détention effective actuelle des actions ordinaires de catégorie A de Blend Labs, Inc. par plusieurs entités liées à 8VC et par Joe Lonsdale. Le dépôt indique que 8VC Co-Invest LP »åé³Ù¾±±ð²Ô³Ù 6,897,728 actions (2,7%) avec pouvoirs de vote et de disposition partagés, et que Opportunities II »åé³Ù¾±±ð²Ô³Ù 4,975,791 actions (2,0%) avec pouvoirs de vote et de disposition partagés. Il est indiqué que Joe Lonsdale »åé³Ù¾±±ð²Ô³Ù effectivement 11,873,519 actions (4,7%) avec pouvoirs de vote et de disposition exclusifs sur ce total.

Les pourcentages sont calculés sur la base de 254,775,978 actions en circulation au 30 avril 2025, comme indiqué dans le dépôt. Les personnes déclarantes renoncent à revendiquer la propriété effective sauf dans la mesure d'un intérêt pécuniaire, et le dépôt précise qu'il n'amende que les éléments spécifiés dans le présent amendement, les autres éléments précédemment déclarés restant inchangés.

Änderung Nr. 2 zu Schedule 13G meldet die aktuelle wirtschaftliche Beteiligung an den Stammaktien der Klasse A von Blend Labs, Inc. durch mehrere mit 8VC verbundene Einheiten und durch Joe Lonsdale. Die Einreichung zeigt, dass 8VC Co-Invest LP 6,897,728 Aktien (2,7%) mit gemeinsamem Stimm- und Verfügungsrecht hält, und Opportunities II 4,975,791 Aktien (2,0%) mit gemeinsamem Stimm- und Verfügungsrecht hält. Joe Lonsdale wird als wirtschaftlicher Eigentümer von 11,873,519 Aktien (4,7%) angegeben und verfügt über alleiniges Stimm- und Verfügungsrecht für diese Gesamtanzahl.

Die Prozentsätze werden auf Basis von 254,775,978 ausstehenden Aktien zum 30. April 2025 berechnet, wie in der Einreichung angegeben. Die meldenden Personen weisen eine wirtschaftliche Eigentümerschaft ab, außer insoweit ein geldwerter Vorteil besteht, und die Einreichung stellt klar, dass nur die in dieser Änderung angegebenen Punkte geändert werden, während andere zuvor gemeldete Angaben unverändert bleiben.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G




Comment for Type of Reporting Person: All shares are held by 8VC Co-Invest LP (as defined in Item 2(a) of the Original Schedule 13G (as defined below)). 8VC Co-Invest GP (as defined in item 2(a) of the Original Schedule 13G) is the general partner of 8VC Co-Invest LP. Lonsdale (as defined in Item 2(a) of the Original Schedule 13G) is the sole managing member of 8VC Co-Invest GP and may be deemed to have voting, investment and dispositive power with respect to the shares held by 8VC Co-Invest LP. The percentage in Row 11 is based on 254,775,978 shares of Common Stock (as define in Item 2(d) of the Original Schedule 13G) outstanding as of April 30, 2025, as reported by the Issuer in its quarterly report on Form 10-Q for the quarter ended March 31, 2025, filed with the Securities and Exchange Commission on May 8, 2025 (the "Form 10-Q").


SCHEDULE 13G




Comment for Type of Reporting Person: All shares are held by 8VC Co-Invest LP. 8VC Co-Invest GP is the general partner of 8VC Co-Invest LP. Lonsdale is the sole managing member of 8VC Co-Invest GP and may be deemed to have voting, investment and dispositive power with respect to the shares held by 8VC Co-Invest LP. The percentage in Row 11 is based on 254,775,978 shares of Common Stock outstanding as of April 30, 2025, as reported by the Issuer in the Form 10-Q.


SCHEDULE 13G




Comment for Type of Reporting Person: All shares are held by Opportunities II (as defined in Item 2(a) of the Original Schedule 13G). Opportunities GP II (as defined in item 2(a) of the Original Schedule 13G) is the general partner of Opportunities II. Lonsdale is the sole managing member of Opportunities GP II and may be deemed to have voting, investment and dispositive power with respect to the shares held by Opportunities II. The percentage in Row 11 is based on 254,775,978 shares of Common Stock outstanding as of April 30, 2025, as reported by the Issuer in the Form 10-Q.


SCHEDULE 13G




Comment for Type of Reporting Person: All shares are held by Opportunities II. Opportunities GP II is the general partner of Opportunities II. Lonsdale is the sole managing member of Opportunities GP II and may be deemed to have voting, investment and dispositive power with respect to the shares held by Opportunities II. The percentage in Row 11 is based on 254,775,978 shares of Common Stock outstanding as of April 30, 2025, as reported by the Issuer in the Form 10-Q.


SCHEDULE 13G




Comment for Type of Reporting Person: Consists of (i) 6,897,728 shares of Common Stock held by 8VC Co-Invest LP and (ii) 4,975,791 shares of Common Stock held by Opportunities II. 8VC Co-Invest GP is the general partner of 8VC Co-Invest LP. Lonsdale is the sole managing member of 8VC Co-Invest GP and may be deemed to have voting, investment and dispositive power with respect to the shares held by 8VC Co-Invest LP. Opportuniites GP II is the general partner of Opportunities II. Lonsdale is the sole managing member of Opportunities GP II and may be deemed to have voting, investment and dispositive power with respect to the shares held by Opportunities II. The percentage in Row 11 is based on 254,775,978 shares of Common Stock outstanding as of April 30, 2025, as reported by the Issuer in the Form 10-Q.


SCHEDULE 13G



8VC Co-Invest Fund I, L.P.
Signature:/s/ Ian Shannon
Name/Title:Ian Shannon, General Counsel of 8VC Co-Invest GP I, LLC, general partner of 8VC Co-Invest Fund I, L.P.
Date:08/12/2025
8VC Co-Invest GP I, LLC
Signature:/s/ Ian Shannon
Name/Title:Ian Shannon, General Counsel
Date:08/12/2025
8VC Opportunities Fund II, L.P.
Signature:/s/ Ian Shannon
Name/Title:Ian Shannon, General Counsel of 8VC Opportunities GP II, LLC, general partner of 8VC Opportunities Fund II, L.P.
Date:08/12/2025
8VC Opportunities GP II, LLC
Signature:/s/ Ian Shannon
Name/Title:Ian Shannon, General Counsel
Date:08/12/2025
Joe Lonsdale
Signature:/s/ Joe Lonsdale
Name/Title:Joe Lonsdale
Date:08/12/2025

FAQ

How many BLND shares does Joe Lonsdale beneficially own?

The filing reports Joe Lonsdale beneficially owns 11,873,519 shares of BLND Class A common stock, representing 4.7% of the class on the stated basis.

What stakes do 8VC-related funds hold in BLND?

8VC Co-Invest LP holds 6,897,728 shares (2.7%) and Opportunities II holds 4,975,791 shares (2.0%), both reported with shared voting and dispositive power.

On what share count are the percentages based?

Percentages are calculated on 254,775,978 shares outstanding of BLND Common Stock as cited in the filing for April 30, 2025.

Does any reporting person claim sole voting or dispositive power over the fund-held shares?

No; the filing shows the funds have 0 sole voting and 0 sole dispositive power for their reported holdings and instead report shared powers.

What does this Amendment No. 2 change?

The Amendment states it amends and supplements the Original Schedule 13G and that only the items reported in this Amendment are amended, with other previously reported items unchanged.
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