Better Home & Finance Holding Company Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Key Terms

restricted stock units financial

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.

inducement incentive plan financial

An inducement incentive plan is a program that gives stock, options, or other pay tied to company shares to new hires as a lure to join the business. Think of it like a signing bonus paid in future ownership instead of cash. Investors watch these plans because they dilute existing shareholders, change management incentives, and signal how aggressively a company must recruit talent to grow, which can affect future value.

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.

NEW YORK--(BUSINESS WIRE)-- On February 18, 2026, Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) (“Better” or the “Company”) announced that, on February 11, 2026, the Compensation, Corporate Governance and Nominations Committee of the Board of Directors (the “Board”) of Better granted inducement awards to Better’s new Chief Financial Officer, Loveen Advani, Better’s new Chief Operating Officer, Barry Feierstein, and 22 additional new employees under the Better Home & Finance Holding Company 2026 Inducement Incentive Plan (the “Inducement Plan”).

Mr. Advani’s awards cover (1) 110,000 restricted stock units underlying shares of the Company’s Class A common stock (“RSUs”), which will vest in twelve (12) equal installments, with the initial installment vesting on June 30, 2026 and the remainder vesting on the first business day of each fiscal quarter thereafter, and (2) 100,000 performance-based RSUs, which will vest upon the achievement of both (i) certain Company stock price and revenue goals, as applicable, during a performance period beginning October 1, 2025 and ending December 31, 2030 (the “Performance Period”) and (ii) time-vesting criteria over the four-year period described below, subject to Mr. Advani’s continued employment through the applicable vesting dates, and will be subject to certain accelerated vesting events, including as provided for in Better’s Executive Change in Control Severance Plan.

Mr. Feierstein’s award covers 75,000 performance-based RSUs, which shall vest upon the achievement of both (i) certain stock price and revenue goals, as applicable, during the Performance Period and (ii) time-vesting criteria over the four-year period described below, subject to Mr. Feierstein’s continued employment through the applicable vesting dates, and will be subject to certain accelerated vesting events, including as provided for in Better’s Executive Change in Control Severance Plan.

The inducement grant also includes awards issued to 22 additional new employees, which consisted of an aggregate of 103,308 time-based RSUs, with 25% of the RSUs vesting on the first anniversary of the employee’s start date and the remainder vesting in equal quarterly installments over the following three years, 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 Home & Finance Holding Company

Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) 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™, the first voice-based AI loan assistant built exclusively for the mortgage industry, revolutionizes 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 mortgage loans, FHA and VA loans, and jumbo mortgage loans. In January 2023, Better launched "One Day Mortgage,” allowing eligible customers to go from click to Commitment Letter within 24 hours. Better serves customers in all 50 US states and the United Kingdom.

For more information, follow @betterdotcom on Instagram and TikTok.

Source: Better Home & Finance Holding Company

View source version on businesswire.com: https://www.businesswire.com/news/home/20260218459789/en/

For Investor Relations Inquiries please email: IR@better.com

Source: Better Home & Finance Holding Company