SCHEDULE: 8VC Funds & Joe Lonsdale Update Blend Labs Stake
Beneficial Ownership Report Amendment
8VC Co-Invest Fund I, L.P., 8VC Opportunities Fund II, L.P., and Joe Lonsdale updated their beneficial ownership in Blend Labs, Inc. Class A Common Stock.
Summary
- 8VC Co-Invest Fund I, L.P. and its general partner, 8VC Co-Invest GP I, LLC, collectively beneficially own 6,897,728 shares of Blend Labs, Inc. Class A Common Stock, representing 2.7% of the class.
- 8VC Opportunities Fund II, L.P. and its general partner, 8VC Opportunities GP II, LLC, collectively beneficially own 4,975,791 shares of Blend Labs, Inc. Class A Common Stock, representing 2.0% of the class.
- Joe Lonsdale, as the sole managing member of both general partners, is deemed to beneficially own an aggregate of 11,873,519 shares, representing 4.7% of the Class A Common Stock.
- The percentages are based on 254,775,978 shares of Common Stock outstanding as of April 30, 2025, as reported by Blend Labs, Inc. in its Form 10-Q filed on May 8, 2025.
- This filing is Amendment No. 2 to the original Schedule 13G filed on February 14, 2022, with Amendment No. 1 filed on February 8, 2023.
Sentiment
Score: 5
Explanation: The filing is a standard beneficial ownership disclosure (Schedule 13G Amendment), which is purely factual and does not inherently convey positive or negative sentiment regarding the company's performance or outlook. It simply updates ownership percentages.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership by institutional investors and their principals, common in the financial industry to provide transparency on significant holdings in publicly traded companies. It reflects a passive investment stake rather than an active strategic move.
Stakeholder Impact
- Shareholders receive updated information on significant beneficial ownership stakes, contributing to market transparency.
Key Dates
| Date | Description |
|---|---|
| 2022-02-14 | Original Schedule 13G filing date |
| 2023-02-08 | Amendment No. 1 filing date |
| 2025-04-30 | Date as of which total shares outstanding were reported by the Issuer in Form 10-Q |
| 2025-05-08 | Date Blend Labs, Inc. filed its quarterly report on Form 10-Q |
| 2025-06-30 | Date of event which requires filing of this statement (reporting period end) |
| 2025-08-12 | Filing date of Amendment No. 2 |
Keywords
Blend Labs, 8VC, Joe Lonsdale, Beneficial Ownership, Schedule 13G, Class A Common Stock, SEC Filing, Institutional Investor
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