J. Calamari Nicholas - Mar 1, 2025 Form 4 Insider Report for Better Home & Finance Holding Co (BETR)

Role
CAO and Senior Counsel
Signature
/s/ Obi Chukwu, Attorney-in-Fact
Stock symbol
BETR
Transactions as of
Mar 1, 2025
Transactions value $
-$2,913
Form type
4
Date filed
3/4/2025, 08:49 PM
Previous filing
Feb 4, 2025
Next filing
Apr 3, 2025
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BETR Class B Common Stock Options Exercise $0 +637 +0.51% $0.00 126K Mar 1, 2025 Class A Common Stock 637 Direct F1
transaction BETR Class B Common Stock Tax liability -$2.91K -254 -0.2% $11.47 126K Mar 1, 2025 Class A Common Stock 254 Direct F1
transaction BETR Restricted Stock Units (Class B) Options Exercise $0 -637 -16.65% $0.00 3.19K Mar 1, 2025 Class B Common Stock 637 Direct F2, F3
holding BETR Class B Common Stock 24.5K Mar 1, 2025 Class A Common Stock 24.5K By the Nicholas J. Calamari Family Trust F1
holding BETR Class B Common Stock 24.5K Mar 1, 2025 Class A Common Stock 24.5K By the Anika G Austin Descendants Trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock in connection with (i) any transfer, whether or not for value, except for certain permitted transfers described in the Issuers amended and restated certificate of incorporation, (ii) such time as the aggregate number of shares of Class B Common Stock outstanding ceases to represent 5% of the aggregate number of shares of Common Stock outstanding, (iii) the vote of 85% of the holders of Class B Common Stock outstanding; and (iv) following the date of the death or permanent disability of Betters founder.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B Common Stock.
F3 The restricted stock units were granted on October 1, 2022, and will vest subject to both time- and liquidity-based criteria. Under the time-based criteria, the Reporting Person was vested in 14/48ths of the restricted stock units on the grant date and the remaining restricted stock units will vest in equal 1/48ths of the restricted stock units on the first business day of each month such that the restricted stock units will be fully vested as of August 1, 2025, subject to the Reporting Person's continued employment. The liquidity-based criteria was satisfied on August 22, 2023 upon the consummation of the business combination between the Issuer (f/k/a Aurora Acquisition Corp), Aurora Merger Sub I, Inc. and Better HoldCo, Inc.