Form 4/A for BETR Better Home & Finance Holding Co
Accepted 2024-12-05 00:00:00 ET · period of report 2024-12-01 · accession 0001628280-24-050110 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMA | 2024-12-05 | 2024-12-02 | BETR | Nicholas J. Calamari | CAO, Senior Counsel | S - Sale | $14.26 | -3,487 | 11.1K | -24% | -$49.7K |
| DMA | 2024-12-05 | 2024-12-01 | BETR | Nicholas J. Calamari | CAO, Senior Counsel | M - OptEx | $0.00 | 0 | 124.8K | New | $0 |
| DA | 2024-12-05 | 2024-12-01 | BETR | Nicholas J. Calamari | CAO, Senior Counsel | F - Tax | $15.77 | -257 | 124.6K | -0.2% | -$4,053 |
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 | 2024-12-02 | S | D | 2,687 | $14.07 | 11,888 | D | — | — | (F2) The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $13.61 to $14.50 per share. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. |
| 2 | Common | Class A Common Stock | 2024-12-02 | S | D | 800 | $14.88 | 11,088 | D | — | — | (F3) The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $14.81 to $15.05 per share. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. |
| 3 | Derivative | Restricted Stock Units (Class B) | 2024-12-01 | M | D | 636 | $0.00 | 5,098 | D | — · — to — | 636 Class B Common Stock | (F5) 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 August 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. |
| 4 | Derivative | Class B Common Stock | 2024-12-01 | M | A | 636 | $0.00 | 124,850 | D | — · — to — | 636 Class A Common Stock | (F4) 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 | 2024-12-01 | F | D | 257 | $15.77 | 124,593 | D | — · — to — | 257 Class A Common Stock | (F4) 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. |