Blend Labs head of Blend Nima Ghamsari sells $23,910 in shares

Nima Ghamsari, Head of Blend and a director at Blend Labs, Inc. (NASDAQ:BLND), sold 21,368 shares of Class A Common Stock on October 26, 2026. The transactions, executed at a weighted average price of $1.119 per share, totaled $23,910. The sale prices for these shares ranged from $1.095 to $1.155 per share. The stock currently trades at $1.16, down 66% over the past year, though InvestingPro analysis suggests the company is undervalued at current levels. With earnings scheduled for November 5, analysts forecast profitability this year with EPS of $0.08.

The sale was conducted under a Rule 10b5-1 trading plan, which Mr. Ghamsari adopted on June 15, 2026. Following these transactions, Mr. Ghamsari directly holds 7,729,325 shares of Blend Labs Class A Common Stock.

In other recent news, Blend Labs reported its second-quarter financial results, showing a 7% increase in revenue compared to the same period last year. The company achieved a revenue of $33.83 million, surpassing Wall Street’s forecast of $33.17 million. Additionally, Blend Labs reported a non-GAAP operating income of $7.0 million, which exceeded the high end of its guidance. Despite these positive financial results, the company provided cautious guidance, which, along with rising churn notices and a subdued mortgage market, contributed to investor concerns. These developments were reflected in the company’s share performance after the earnings announcement. This recent update highlights the ongoing challenges Blend Labs faces in navigating the current market conditions.