Blend Labs head Nima Ghamsari sells $24,660 in shares

Nima Ghamsari, Head of Blend and a director at Blend Labs, Inc. (NASDAQ:BLND), sold 24,272 shares of the company’s Class A Common Stock on October 5, 2026. The transaction totaled $24,660.

The shares were sold at a weighted average price of $1.016, with individual sale prices ranging from $1.00 to $1.04 per share. This sale was executed pursuant to a Rule 10b5-1 trading plan, which Mr. Ghamsari adopted on June 15, 2026.

Following this transaction, Mr. Ghamsari directly holds 7,803,566 shares of Blend Labs Class A Common Stock.The insider sale comes as BLND trades near its 52-week low of $0.99, down 69% over the past year. According to InvestingPro analysis, the stock appears undervalued at current levels. While the company remains unprofitable over the last twelve months, analysts predict Blend will turn profitable this year—one of several key insights available to subscribers alongside comprehensive Fair Value analysis and financial health metrics.

In other recent news, Blend Labs reported second-quarter revenue of $33.83 million, surpassing Wall Street’s forecast of $33.17 million. This marks a 7% increase from the previous year. Additionally, the company’s non-GAAP operating income exceeded the high end of its guidance, reaching $7.0 million. Despite these positive financial results, Blend Labs faced cautious guidance and rising churn notices, reflecting challenges in the mortgage market. These factors contributed to a sharp decline in the company’s shares after hours. Investors are closely monitoring these developments as they assess the company’s future performance.