Pbra, Llc - Sep 22, 2025 Form 4 Insider Report for Better Home & Finance Holding Co (BETR)

Role
10%+ Owner
Signature
PBRA, LLC, By: /s/ Howard Newman, Chairman, Chief Executive Officer
Stock symbol
BETR
Transactions as of
Sep 22, 2025
Transactions value $
-$50,088,432
Form type
4
Date filed
9/24/2025, 06:55 PM
Previous filing
Aug 24, 2023

Reporting Owners (5)

Name Relationship Address Signature Signature date CIK
PBRA, LLC 10%+ Owner C/O PINE BROOK ROAD PARTNERS, LLC, 60 EAST 42ND STREET, SUITE 3014, NEW YORK PBRA, LLC, By: /s/ Howard Newman, Chairman, Chief Executive Officer 2025-09-24 0001615816
Pine Brook Road Associates II, L.P. 10%+ Owner C/O PINE BROOK ROAD PARTNERS, LLC, 60 EAST 42ND STREET, SUITE 3014, NEW YORK Pine Brook Road Associates II, L.P., By: PBRA, LLC, its General Partner, By: /s/ Howard Newman, Chairman, Chief Executive Officer 2025-09-24 0001774259
NEWMAN HOWARD H 10%+ Owner C/O PINE BROOK ROAD PARTNERS, LLC, 60 EAST 42ND STREET, SUITE 3014, NEW YORK /s/ Howard Newman 2025-09-24 0001013026
Pine Brook Capital Partners II, L.P. 10%+ Owner 60 EAST 42ND STREET, SUITE 3014, NEW YORK Pine Brook Capital Partners II, L.P., By: Pine Brook Road Associates II, L.P., its General Partner, By: PBRA, LLC, its General Partner, By: /s/ Howard Newman, Chairman, Chief Executive Officer 2025-09-24 0001556984
Pine Brook Road Advisors, L.P. 10%+ Owner 346 PINE BROOK ROAD, BEDFORD Pine Brook Road Advisors, L.P., By: PBRA, LLC, its General Partner, By: /s/ Howard Newman, Chairman, Chief Executive Officer 2025-09-24 0001630691

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BETR Class A Common Stock Sale -$21.3M -454K -45.55% $47.00* 542K Sep 22, 2025 By Pine Brook Capital Partners II, L.P. F1, F2
transaction BETR Class A Common Stock Sale -$8.37M -167K -30.78% $50.15* 375K Sep 22, 2025 By Pine Brook Capital Partners II, L.P. F2, F3
transaction BETR Class A Common Stock Sale -$3.76M -72.8K -19.4% $51.60* 302K Sep 22, 2025 By Pine Brook Capital Partners II, L.P. F2, F4
transaction BETR Class A Common Stock Sale -$4.29M -82K -27.11% $52.36* 220K Sep 22, 2025 By Pine Brook Capital Partners II, L.P. F2, F5
transaction BETR Class A Common Stock Sale -$1.93M -36.2K -16.42% $53.23* 184K Sep 22, 2025 By Pine Brook Capital Partners II, L.P. F2, F6
transaction BETR Class A Common Stock Sale -$2.45M -44.9K -24.36% $54.58* 139K Sep 22, 2025 By Pine Brook Capital Partners II, L.P. F2, F7
transaction BETR Class A Common Stock Sale -$3.44M -62.2K -44.62% $55.33* 77.2K Sep 22, 2025 By Pine Brook Capital Partners II, L.P. F2, F8
transaction BETR Class A Common Stock Sale -$649K -11.5K -14.96% $56.22* 65.6K Sep 22, 2025 By Pine Brook Capital Partners II, L.P. F2, F9
transaction BETR Class A Common Stock Sale -$2.37M -41.2K -62.78% $57.43* 24.4K Sep 22, 2025 By Pine Brook Capital Partners II, L.P. F2, F10
transaction BETR Class A Common Stock Sale -$201K -3.45K -14.13% $58.15* 21K Sep 22, 2025 By Pine Brook Capital Partners II, L.P. F2, F11
transaction BETR Class A Common Stock Sale -$872K -14.5K -69.25% $60.00* 6.45K Sep 22, 2025 By Pine Brook Capital Partners II, L.P. F2
transaction BETR Class A Common Stock Sale -$316K -4.67K -72.44% $67.54* 1.78K Sep 22, 2025 By Pine Brook Capital Partners II, L.P. F2, F12
transaction BETR Class A Common Stock Sale -$6.87K -100 -5.62% $68.74* 1.68K Sep 22, 2025 By Pine Brook Capital Partners II, L.P. F2
transaction BETR Class A Common Stock Sale -$126K -1.68K -100% $75.00* 0 Sep 22, 2025 By Pine Brook Capital Partners II, L.P. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Pbra, Llc is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This number has been adjusted to reflect the 1-for-50 reverse stock split the Issuer effected on August 16, 2024.
F2 Pine Brook Road Associates II, L.P. ("PBRA II") is the general partner of Pine Brook Capital Partners II, L.P. PBRA, LLC is the general partner of PBRA II. Pine Brook Road Advisors, L.P. controls the investment advisor of Pine Brook Capital Partners II, L.P. PBRA, LLC is the general partner of Pine Brook Road Advisors, L.P. Howard Newman is the managing member of PBRA, LLC. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
F3 This price reflects a weighted average sale price for open-market sales of Class A Common Stock ("Shares") made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $50.00 to $50.985, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (3).
F4 This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $51.00 to $51.9975, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (4).
F5 This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $52.00 to $52.99, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (5).
F6 This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $53.00 to $53.945, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (6).
F7 This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $54.00 to $54.99, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (7).
F8 This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $55.00 to $55.98, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (8).
F9 This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $56.00 to $56.91, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (9).
F10 This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $57.035 to $58.01, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (10).
F11 This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $58.07 to $58.51, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (11).
F12 This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $67.50 to $68.01, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (12).