Blend Labs head Nima Ghamsari sells $25,021 in stock

Blend Labs' head, Nima Ghamsari, offloaded 21,009 shares of the company's Class A Common Stock on September 21, 2026. The shares were sold at prices between $1.18 and $1.20, resulting in a total sale value of $25,021. Ghamsari's sale was conducted according to a Rule 10b5-1 trading plan, which he put into place on June 15, 2026.

This transaction occurred as BLND stock traded close to its 52-week low of $1.16, following a 12% decline over the previous week. Despite the insider sale, BLND stock remains undervalued, with analysts estimating a potential upside. Ghamsari now directly holds 7,850,361 shares of Blend Labs Class A Common Stock. While Blend Labs reported a 7% revenue increase in Q2 compared to the prior year, the stock price saw a decline in after-hours trading, indicating investor caution.

The company's positive financials, including a 7.0 million dollar non-GAAP operating income, were overshadowed by guidance concerns, rising churn notifications, and ongoing mortgage market challenges.