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NEW YORK--(BUSINESS WIRE)--
On November 2, 2026, Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) (“Better” or the “Company”) announced recent equity-based incentive awards made under the Company’s 2026 Inducement Incentive Plan (the “Inducement Plan”).
The award included a grant made by the Company’s Board of Directors on November 2, 2026, to 1 newly hired employee and consisted of 10,000 time-based restricted stock units (“RSUs”), 25% of which vest on the first anniversary of the applicable employee’s start date, with the remaining 75% vesting in equal quarterly installments over the following three years, in each case subject to the employee’s continued employment through the applicable vesting date.
The Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees or directors of Better, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with the Company, pursuant to Nasdaq Listing Rule 5635(c)(4). The Inducement Plan was adopted by the Board on February 11, 2026.
About Better
Better Home & Finance Holding Company (NASDAQ: BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman®, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy®, leveraging Tinman® MCP, the first AI loan agent built exclusively for the mortgage industry, is revolutionizing the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming, FHA, VA loans, jumbo, and Non-QM mortgage loans as well as home equity loans. Better serves customers in all 50 US states.
For more information, follow @betrmortgage on X and @betterdotcom on Instagram and TikTok.
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
nasdaq listing rule 5635(c)(4)regulatory
NASDAQ Listing Rule 5635(c)(4) is a rule that requires a company to get approval from its shareholders before selling a large amount of its shares, usually over 20%. This helps protect investors by making sure the company doesn't flood the market with new shares without their say, which could lower the stock's value.
