Form 4 for BETR Better Home & Finance Holding Co
Accepted 2023-08-24 00:00:00 ET · period of report 2023-08-22 · accession 0001628280-23-030573 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2023-08-24 | 2023-08-22 | BETR | Bjorgolfsson Thor | 10% | C - Cnv Deriv | — | +43.47M | 4.11M | New | — |
| DMI | 2023-08-24 | 2023-08-22 | BETR | Bjorgolfsson Thor | 10% | J - Other | — | 0 | 636.2K | New | — |
| DI | 2023-08-24 | 2023-08-22 | BETR | Bjorgolfsson Thor | 10% | P - Purchase | — | +1.70M | 5.81M | +41% | — |
| DMI | 2023-08-24 | 2023-08-22 | BETR | Bjorgolfsson Thor | 10% | J - Other | — | 0 | 0 | New | — |
| DI | 2023-08-24 | 2023-08-22 | BETR | Bjorgolfsson Thor | 10% | C - Cnv Deriv | — | -3.47M | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-08-22 | C | A | 40,000,000 | — | 45,808,186 | I Held through Novator Capital Sponsor Ltd. | — | — | (F5) On August 22, 2023, pursuant to the Pre-Closing Bridge Note Purchase Agreement, dated as of November 30, 2021, as amended by those certain Letter Agreements dated August 26, 2022, and February 7, 2023, among Aurora, Better and the Sponsor, $100,000,000 worth of subordinated 0% bridge promissory notes held by the Sponsor converted into 40,000,000 shares of the Issuer's Class A common stock. (F2) The Reporting Person may be deemed to beneficially own securities held by Novator Capital Sponsor Ltd. (the "Sponsor") by virtue of his control over the Sponsor. |
| 2 | Common | Class A Ordinary Shares | 2023-08-22 | J | D | 636,240 | — | 0 | I Held through Novator Capital Sponsor Ltd. | — | — | (F1) On August 22, 2023, in connection with the completion of the Issuer's (as defined below) initial business combination (the "Business Combination") pursuant to the Agreement and Plan of Merger (as amended, the "Merger Agreement"), dated May 10, 2021, by and among Aurora Acquisition Corp. ("Aurora"), Aurora Merger Sub I, Inc., and Better Holdco Inc. ("Better"), the Class A ordinary shares of Aurora, par value $0.0001 per share, automatically converted into shares of the Issuer's Class A common stock on a one-for-one basis for no additional consideration. As part of the Business Combination, Aurora changed its name to Better Home & Finance Holding Company (the "Issuer"). (F2) The Reporting Person may be deemed to beneficially own securities held by Novator Capital Sponsor Ltd. (the "Sponsor") by virtue of his control over the Sponsor. |
| 3 | Common | Class A Common Stock | 2023-08-22 | P | A | 1,700,000 | — | 5,808,186 | I Held through Novator Capital Sponsor Ltd. | — | — | (F4) On August 22, 2023, in connection with that certain Limited Waiver to the Amended and Restated Insider Letter Agreement, dated February 23, 2023, by and among Aurora, Better, and the Sponsor, the Sponsor subscribed for 1,700,000 shares of the Issuer's Class A common stock at a price of $10.00 per share. (F2) The Reporting Person may be deemed to beneficially own securities held by Novator Capital Sponsor Ltd. (the "Sponsor") by virtue of his control over the Sponsor. |
| 4 | Common | Class A Common Stock | 2023-08-22 | C | A | 3,471,946 | — | 4,108,186 | I Held through Novator Capital Sponsor Ltd. | — | — | (F3) In connection with the completion of the Business Combination, the Class B ordinary shares of Aurora, par value $0.0001 per share, automatically converted into shares of the Issuer's Class A common stock on a one-for-one basis for no additional consideration. (F2) The Reporting Person may be deemed to beneficially own securities held by Novator Capital Sponsor Ltd. (the "Sponsor") by virtue of his control over the Sponsor. |
| 5 | Common | Class A Common Stock | 2023-08-22 | J | A | 636,240 | — | 636,240 | I Held through Novator Capital Sponsor Ltd. | — | — | (F1) On August 22, 2023, in connection with the completion of the Issuer's (as defined below) initial business combination (the "Business Combination") pursuant to the Agreement and Plan of Merger (as amended, the "Merger Agreement"), dated May 10, 2021, by and among Aurora Acquisition Corp. ("Aurora"), Aurora Merger Sub I, Inc., and Better Holdco Inc. ("Better"), the Class A ordinary shares of Aurora, par value $0.0001 per share, automatically converted into shares of the Issuer's Class A common stock on a one-for-one basis for no additional consideration. As part of the Business Combination, Aurora changed its name to Better Home & Finance Holding Company (the "Issuer"). (F2) The Reporting Person may be deemed to beneficially own securities held by Novator Capital Sponsor Ltd. (the "Sponsor") by virtue of his control over the Sponsor. |
| 6 | Derivative | Warrant (right to buy) | 2023-08-22 | J | A | 4,005,029 | — | 4,005,029 | I Held through Novator Capital Sponsor Ltd. | $11.50 · — to — | 4,005,029 Class A Common Stock | (F6) In connection with the completion of the Business Combination, outstanding warrants to purchase Class A ordinary shares of Aurora automatically converted into warrants to purchase shares of the Issuer's Class A Common Stock (each, an "Issuer Warrant") for no additional consideration. The Issuer Warrants have an exercise price of $11.50 and will expire on August 22, 2028, five years from the completion of the Business Combination, or earlier upon redemption or liquidation. (F2) The Reporting Person may be deemed to beneficially own securities held by Novator Capital Sponsor Ltd. (the "Sponsor") by virtue of his control over the Sponsor. |
| 7 | Derivative | Warrant (right to buy) | 2023-08-22 | J | D | 4,005,029 | — | 0 | I Held through Novator Capital Sponsor Ltd. | $11.50 · — to — | 4,005,029 Class A Common Stock | (F6) In connection with the completion of the Business Combination, outstanding warrants to purchase Class A ordinary shares of Aurora automatically converted into warrants to purchase shares of the Issuer's Class A Common Stock (each, an "Issuer Warrant") for no additional consideration. The Issuer Warrants have an exercise price of $11.50 and will expire on August 22, 2028, five years from the completion of the Business Combination, or earlier upon redemption or liquidation. (F2) The Reporting Person may be deemed to beneficially own securities held by Novator Capital Sponsor Ltd. (the "Sponsor") by virtue of his control over the Sponsor. |
| 8 | Derivative | Class B Ordinary Shares | 2023-08-22 | C | D | 3,471,946 | — | 0 | I Held through Novator Capital Sponsor Ltd. | — · — to — | 3,471,946 Class A Common Stock | (F3) In connection with the completion of the Business Combination, the Class B ordinary shares of Aurora, par value $0.0001 per share, automatically converted into shares of the Issuer's Class A common stock on a one-for-one basis for no additional consideration. (F2) The Reporting Person may be deemed to beneficially own securities held by Novator Capital Sponsor Ltd. (the "Sponsor") by virtue of his control over the Sponsor. |