Form 4 for BETR Better Home & Finance Holding Co
Accepted 2023-08-24 00:00:00 ET · period of report 2023-08-22 · accession 0001628280-23-030582 · 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 | Massenet Arnaud | Dir | J - Other | — | 0 | 0 | New | — |
| D | 2023-08-24 | 2023-08-22 | BETR | Massenet Arnaud | Dir | C - Cnv Deriv | — | +1.24M | 1.39M | +828% | — |
| DM | 2023-08-24 | 2023-08-22 | BETR | Massenet Arnaud | Dir | J - Other | — | 0 | 37.5K | New | — |
| D | 2023-08-24 | 2023-08-22 | BETR | Massenet Arnaud | Dir | C - Cnv Deriv | — | -1.24M | 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 | J | A | 150,000 | — | 150,000 | 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., outstanding units of Aurora automatically separated and converted, with each unit converting into one share of the Issuer's Class A common stock and one-quarter of one warrant to purchase shares of common stock of the Issuer (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. As part of the Business Combination, Aurora changed its name to Better Home & Finance Holding Company (the "Issuer"). |
| 2 | Common | Class A Ordinary Shares | 2023-08-22 | J | D | 150,000 | — | 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., outstanding units of Aurora automatically separated and converted, with each unit converting into one share of the Issuer's Class A common stock and one-quarter of one warrant to purchase shares of common stock of the Issuer (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. 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 | 1,242,188 | — | 1,392,188 | 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 | Derivative | Warrant (right to buy) | 2023-08-22 | J | D | 37,500 | — | 0 | D | $11.50 · — to — | 37,500 Class A Common Stock | (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., outstanding units of Aurora automatically separated and converted, with each unit converting into one share of the Issuer's Class A common stock and one-quarter of one warrant to purchase shares of common stock of the Issuer (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. As part of the Business Combination, Aurora changed its name to Better Home & Finance Holding Company (the "Issuer"). |
| 5 | Derivative | Warrant (right to buy) | 2023-08-22 | J | A | 37,500 | — | 37,500 | D | $11.50 · — to — | 37,500 Class A Common Stock | (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., outstanding units of Aurora automatically separated and converted, with each unit converting into one share of the Issuer's Class A common stock and one-quarter of one warrant to purchase shares of common stock of the Issuer (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. As part of the Business Combination, Aurora changed its name to Better Home & Finance Holding Company (the "Issuer"). |
| 6 | Derivative | Class B Ordinary Shares | 2023-08-22 | C | D | 1,242,188 | — | 0 | D | — · — to — | 1,242,188 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. |