Softbank Group Corp. - Apr 28, 2025 Form 4 Insider Report for Better Home & Finance Holding Co (BETR)

Role: 10%+ Owner
Signature: SoftBank Group Corp., By : /s/ Yuko Yamamoto, Head of Corporate Legal Department
Stock symbol: BETR
Transactions as of: Apr 28, 2025
Transactions value $: -$533,884,514
Form type: 4
Date filed: 4/30/2025, 09:00 PM
Previous filing: Mar 7, 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	Convertible Notes	Other	-$534M				0	Apr 28, 2025	Class A Common Stock	44.5M		By SB Northstar LP	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to an Exchange Agreement, dated April 12, 2025, SB Northstar LP exchanged $533,884,514 aggregate principal amount of the Convertible Notes for (i) 6.00% senior secured notes due 2028 in the aggregate principal amount of $155,000,000 and (ii) a cash payment of $110,000,000.
F2	SoftBank Group Corp. is the parent company of Silver Brick Management PTE. LTD., which has been appointed as investment manager of SB Northstar LP and is responsible for making voting and investment decisions with respect to SB Northstar LP's investments. As a result of these relationships, each of these entities may be deemed to share beneficial ownership of the securities held of record by SB Northstar LP.

Content

Pursuant to an Exchange Agreement, dated April 12, 2025, SB Northstar LP exchanged $533,884,514 aggregate principal amount of the Convertible Notes for (i) 6.00% senior secured notes due 2028 in the aggregate principal amount of $155,000,000 and (ii) a cash payment of $110,000,000.

SoftBank Group Corp. is the parent company of Silver Brick Management PTE. LTD., which has been appointed as investment manager of SB Northstar LP and is responsible for making voting and investment decisions with respect to SB Northstar LP's investments. As a result of these relationships, each of these entities may be deemed to share beneficial ownership of the securities held of record by SB Northstar LP.