Form 4 for BETR Better Home & Finance Holding Co
Accepted 2024-02-05 00:00:00 ET · period of report 2023-11-07 · accession 0001628280-24-003367 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-02-05 | 2024-02-01 | BETR | Tuffin Paula | GC, CCO | F - Tax | $0.62 | -46.7K | 82.9K | -36% | -$29.0K |
| D | 2024-02-05 | 2024-02-01 | BETR | Tuffin Paula | GC, CCO | M - OptEx | $0.00 | +129.6K | 129.6K | New | $0 |
| DM | 2024-02-05 | 2023-11-07+ | BETR | Tuffin Paula | GC, CCO | F - Tax | $0.4552 | -433.9K | 876.7K | -33% | -$197.5K |
| DM | 2024-02-05 | 2024-02-01 | BETR | Tuffin Paula | GC, CCO | M - OptEx | $0.00 | -129.6K | 573.2K | -18% | $0 |
| DM | 2024-02-05 | 2023-11-20+ | BETR | Tuffin Paula | GC, CCO | A - Grant | $0.00 | +147.0K | 129.6K | New | $0 |
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 | 2024-02-01 | F | D | 46,723 | $0.62 | 82,877 | D | — | — | |
| 2 | Common | Class A Common Stock | 2024-02-01 | M | A | 129,600 | $0.00 | 129,600 | D | — | — | |
| 3 | Derivative | Class B Common Stock | 2023-11-20 | F | D | 11,481 | $0.41 | 892,918 | D | — · — to — | 11,481 Class A Common Stock | (F2) Consists of shares of Class B Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of previously granted and reported restricted stock units representing the right to receive one share of Class B Common Stock, which were inadvertently omitted in prior Form 4 filings between August 24, 2023 and January 2, 2024. (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 Issuer's 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 Better HoldCo, Inc.'s founder. |
| 4 | Derivative | Class B Common Stock | 2023-11-07 | F | D | 356,703 | $0.44 | 911,640 | D | — · — to — | 356,703 Class A Common Stock | (F2) Consists of shares of Class B Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of previously granted and reported restricted stock units representing the right to receive one share of Class B Common Stock, which were inadvertently omitted in prior Form 4 filings between August 24, 2023 and January 2, 2024. (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 Issuer's 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 Better HoldCo, Inc.'s founder. |
| 5 | Derivative | Class B Common Stock | 2024-01-01 | F | D | 13,287 | $0.82 | 863,376 | D | — · — to — | 13,287 Class A Common Stock | (F2) Consists of shares of Class B Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of previously granted and reported restricted stock units representing the right to receive one share of Class B Common Stock, which were inadvertently omitted in prior Form 4 filings between August 24, 2023 and January 2, 2024. (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 Issuer's 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 Better HoldCo, Inc.'s founder. |
| 6 | Derivative | Class B Common Stock | 2024-02-01 | M | A | 31,837 | $0.00 | 895,213 | D | — · — to — | 31,837 Class A Common Stock | (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 Issuer's 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 Better HoldCo, Inc.'s founder. |
| 7 | Derivative | Class B Common Stock | 2024-02-01 | F | D | 11,481 | $0.62 | 883,732 | D | — · — to — | 11,481 Class A Common Stock | (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 Issuer's 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 Better HoldCo, Inc.'s founder. |
| 8 | Derivative | Class B Common Stock | 2023-11-20 | F | D | 11,481 | $0.41 | 904,399 | D | — · — to — | 11,481 Class A Common Stock | (F2) Consists of shares of Class B Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of previously granted and reported restricted stock units representing the right to receive one share of Class B Common Stock, which were inadvertently omitted in prior Form 4 filings between August 24, 2023 and January 2, 2024. (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 Issuer's 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 Better HoldCo, Inc.'s founder. |
| 9 | Derivative | Class B Common Stock | 2023-11-20 | A | A | 17,440 | $0.00 | 915,880 | D | — · — to — | 17,440 Class A Common Stock | (F3) Reflects shares of Class B Common Stock issued to the Reporting Person as a correction for the number of shares withheld for tax purposes in connection with the August 22, 2023 vesting event. (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 Issuer's 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 Better HoldCo, Inc.'s founder. |
| 10 | Derivative | Class B Common Stock | 2023-11-07 | F | D | 13,200 | $0.44 | 898,440 | D | — · — to — | 13,200 Class A Common Stock | (F2) Consists of shares of Class B Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of previously granted and reported restricted stock units representing the right to receive one share of Class B Common Stock, which were inadvertently omitted in prior Form 4 filings between August 24, 2023 and January 2, 2024. (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 Issuer's 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 Better HoldCo, Inc.'s founder. |
| 11 | Derivative | Class B Common Stock | 2023-12-01 | F | D | 16,255 | $0.45 | 876,663 | D | — · — to — | 16,255 Class A Common Stock | (F2) Consists of shares of Class B Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of previously granted and reported restricted stock units representing the right to receive one share of Class B Common Stock, which were inadvertently omitted in prior Form 4 filings between August 24, 2023 and January 2, 2024. (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 Issuer's 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 Better HoldCo, Inc.'s founder. |
| 12 | Derivative | Restricted Stock Units (Class A) | 2024-02-01 | M | D | 129,600 | $0.00 | 0 | D | — · — to — | 129,600 Class A Common Stock | (F7) Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. (F8) The restricted stock units were granted and became fully vested on February 1, 2024. |
| 13 | Derivative | Restricted Stock Units (Class A) | 2024-02-01 | A | A | 129,600 | $0.00 | 129,600 | D | — · — to — | 129,600 Class A Common Stock | (F7) Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. (F8) The restricted stock units were granted and became fully vested on February 1, 2024. |
| 14 | Derivative | Restricted Stock Units (Class B) | 2024-02-01 | M | D | 31,837 | $0.00 | 573,167 | D | — · — to — | 31,837 Class B Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B Common Stock. (F6) 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 July 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. |