Form 4 for BETR Better Home & Finance Holding Co
Accepted 2023-08-24 00:00:00 ET · period of report 2023-08-22 · accession 0001628280-23-030574 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-08-24 | 2023-08-22 | BETR | Novator Capital Sponsor Ltd. | 10% | J - Other | — | 0 | 636.2K | New | — |
| DM | 2023-08-24 | 2023-08-22 | BETR | Novator Capital Sponsor Ltd. | 10% | C - Cnv Deriv | — | +43.47M | 45.81M | +1,861% | — |
| D | 2023-08-24 | 2023-08-22 | BETR | Novator Capital Sponsor Ltd. | 10% | P - Purchase | — | +1.70M | 5.81M | +41% | — |
| DM | 2023-08-24 | 2023-08-22 | BETR | Novator Capital Sponsor Ltd. | 10% | J - Other | — | 0 | 0 | New | — |
| D | 2023-08-24 | 2023-08-22 | BETR | Novator Capital Sponsor Ltd. | 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 Ordinary Shares | 2023-08-22 | J | D | 636,240 | — | 0 | D | — | — | (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"). |
| 2 | Common | Class A Common Stock | 2023-08-22 | J | A | 636,240 | — | 636,240 | D | — | — | (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"). |
| 3 | Common | Class A Common Stock | 2023-08-22 | C | A | 3,471,946 | — | 4,108,186 | D | — | — | (F2) 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. |
| 4 | Common | Class A Common Stock | 2023-08-22 | P | A | 1,700,000 | — | 5,808,186 | D | — | — | (F3) 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 Reporting Person, the Reporting Person subscribed for 1,700,000 shares of the Issuer's Class A common stock at a price of $10.00 per share. |
| 5 | Common | Class A Common Stock | 2023-08-22 | C | A | 40,000,000 | — | 45,808,186 | D | — | — | (F4) 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 Reporting Person, $100,000,000 worth of subordinated 0% bridge promissory notes held by the Reporting Person converted into 40,000,000 shares of the Issuer's Class A common stock. |
| 6 | Derivative | Warrant (right to buy) | 2023-08-22 | J | A | 4,005,029 | — | 4,005,029 | D | $11.50 · — to — | 4,005,029 Class A Common Stock | (F5) 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. |
| 7 | Derivative | Warrant (right to buy) | 2023-08-22 | J | D | 4,005,029 | — | 0 | D | $11.50 · — to — | 4,005,029 Class A Common Stock | (F5) 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. |
| 8 | Derivative | Class B Ordinary Shares | 2023-08-22 | C | D | 3,471,946 | — | 0 | D | — · — to — | 3,471,946 Class A Common Stock | (F2) 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. |