Framework Ventures discloses major BETR warrant and indirect share holdings

Rhea-AI Filing Summary

Better Home & Finance Holding Co received an initial ownership report from several related Framework Ventures entities, which collectively disclose indirect holdings of its Class A common stock and warrants. The filing does not show any new buys or sales but sets out existing positions.

Framework Ventures IV L.P. purchased a warrant to buy up to 211,312 shares of common stock for a total purchase price of $0.01, with exercise prices structured in two tranches of 105,656 shares each at $27.00 per share and a higher-of formula for the second tranche. A prior 9.99% beneficial ownership cap on exercising the warrant was waived on March 5, 2026. Additional indirect common stock holdings of 571,908, 247,450 and 121,150 shares are reported for related entities and individuals, with certain parties disclaiming beneficial ownership beyond any pecuniary interest.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Framework Ventures IV L.P.

(Last) (First) (Middle)

600 MONTGOMERY STREET, FLOOR 42

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/05/2026

3. Issuer Name and Ticker or Trading Symbol
Better Home & Finance Holding Co [ BETR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	571,908	I	See Footnote(3)
Common Stock	247,450	I	See Footnote(4)
Common Stock	121,150	I	See Footnote(5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants (right to buy)	(1)(2)	02/17/2027	Common Stock	211,312(1)(2)	(1)(2)	I	See Footnote(3)

1. Name and Address of Reporting Person^*

Framework Ventures IV L.P.

(Last) (First) (Middle)

600 MONTGOMERY STREET, FLOOR 42

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Framework Ventures Management LLC

(Last) (First) (Middle)

600 MONTGOMERY STREET, FLOOR 42

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Framework Ventures IV GP LLC

(Last) (First) (Middle)

600 MONTGOMERY STREET, FLOOR 42

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Spencer Vance

(Last) (First) (Middle)

600 MONTGOMERY STREET, FLOOR 42

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Anderson Michael Ernest

(Last) (First) (Middle)

600 MONTGOMERY STREET, FLOOR 42

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Framework Labs, Inc.

(Last) (First) (Middle)

600 MONTGOMERY STREET, FLOOR 42

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. On February 17, 2026, Framework Ventures IV L.P. ("Framework LP") entered into a Securities Purchase Agreement with Better Home & Finance Holding Company (the "Issuer"), pursuant to which Framework LP purchased a warrant (the "Warrant") to purchase up to an aggregate of 211,312 shares (the "Warrant Shares") of the Issuer's Class A common stock, par value $0.0001 per share (the "Common Stock"), upon the terms and subject to the limitations on exercise and conditions set forth in the Warrant. The purchase price of the Warrant was $0.01. The Warrant is exercisable for (i) up to 105,656 Warrant Shares at an exercise price of $27.00 per share upon the beneficial ownership of Framework LP, together with its affiliate, exceeding 4.99% of the then-outstanding Common Stock and (ii) up to the remaining 105,656 Warrant Shares at an exercise price of the greater of (x) $27.00 and (y) 90% of the 30-day volume-weighted average trading price per share of the Common Stock

2. Due to a character limit, Footnote 2 is a continuation of Footnote 1: upon the beneficial ownership exceeding 8.98%. The original Warrant contained a provision limiting the exercise of the warrant to the extent that, following exercise, Framework LP, together its affiliates, would not beneficially own more than 9.99% of the number of shares of Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon exercise of the Warrant. On March 5, 2026, Framework LP and the Issuer entered into a waiver agreement pursuant to which such beneficial ownership limitation was waived from that date.

3. The reported securities are held directly by Framework LP and may also be deemed to be beneficially owned by Framework Ventures IV GP LLC ("Framework GP"), Framework Ventures Management LLC ("Framework Management"), Vance Spencer ("Mr. Spencer") and Michael Ernest Anderson ("Mr. Anderson"), each of which or whom disclaim beneficial ownership of these shares except to the extent of its or his pecuniary interest in such shares, if any. Framework GP is the general partner of Framework LP. Framework Management is the investment manager for Framework GP. Mr. Spencer and Mr. Anderson are members and the managers of Framework GP and the managing members of Framework Management.

4. The reported securities are held directly by Framework Labs, Inc. ("Framework Labs") and may also be deemed to be beneficially owned by Mr. Spencer and Mr. Anderson, each of whom disclaim beneficial ownership of these shares except to the extent of his pecuniary interest in such shares, if any. Mr. Spencer and Mr. Anderson serve as executive officers and directors of Framework Labs and control Framework Labs.

5. The reported securities are held directly by Mr. Spencer.

Remarks:

Framework LP, Framework GP, Framework Management, Mr. Spencer, Mr. Anderson and Framework Labs are jointly filing this Form 3 pursuant to the Joint Filing Agreement, dated March 11, 2026, filed with the Securities and Exchange Commission herewith (the "Joint Filing Agreement"). Exhibit List: Exhibit 24 – Power of Attorney, 99.1 – Joint Filing Agreement

	/s/ Framework Ventures IV L.P., By: Framework Ventures IV GP LLC, its general partner, By: /s/ John DiCerbo, Name: John DiCerbo, as attorney-in-fact for Michael Ernest Anderson, Manager	03/11/2026
	/s/ Framework Ventures Management LLC, By: /s/ John DiCerbo, Name: John DiCerbo, as attorney-in-fact for Michael Ernest Anderson, Managing Member	03/11/2026
	/s/ Framework Ventures IV GP LLC, By: /s/ John DiCerbo, Name: John DiCerbo, as attorney-in-fact for Michael Ernest Anderson, Manager	03/11/2026
	/s/ John DiCerbo, Name: John DiCerbo, as attorney-in-fact for Michael Ernest Anderson	03/11/2026
	/s/ John DiCerbo, Name: John DiCerbo, as attorney-in-fact for Vance Spencer	03/11/2026
	/s/ Framework Labs, Inc., By: /s/ John DiCerbo, Name: John DiCerbo, as attorney-in-fact for Michael Ernest Anderson, Director	03/11/2026
	** Signature of Reporting Person	Date
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FAQ

What insider positions in BETR does Framework Ventures report in this Form 3?

The filing reports indirect holdings of Better Home & Finance common stock and a warrant. Indirect common stock positions of 571,908, 247,450 and 121,150 shares are disclosed for related entities and individuals, alongside a warrant to purchase up to 211,312 additional shares.

What are the key terms of the Framework Ventures warrant in Better Home & Finance (BETR)?

Framework Ventures IV L.P. purchased a warrant for $0.01 to buy up to 211,312 shares of Class A common stock. It is exercisable in two 105,656-share tranches, with exercise prices of $27.00 per share and a higher-of formula for the second tranche.

How did the beneficial ownership limitation on the BETR warrant change?

The original warrant limited exercises so Framework Ventures and affiliates would not own more than 9.99% of outstanding common stock after exercise. On March 5, 2026, a waiver agreement between Framework Ventures IV L.P. and the company removed this beneficial ownership limitation from that date.

Which entities and individuals are associated with the BETR warrant holdings?

The warrant is held directly by Framework Ventures IV L.P. and may be deemed beneficially owned by Framework Ventures IV GP LLC, Framework Ventures Management LLC, Vance Spencer and Michael Ernest Anderson. These parties disclaim beneficial ownership beyond their pecuniary interests, according to the disclosure.

How are Framework Labs’ BETR holdings described in the insider filing?

The securities reported as held by Framework Labs, Inc. may also be deemed beneficially owned by Vance Spencer and Michael Ernest Anderson. Both individuals disclaim beneficial ownership beyond their pecuniary interests. They serve as executive officers and directors of Framework Labs and control that entity.

Does the BETR insider disclosure show any new insider buying or selling?

The disclosure lists holdings and a previously purchased warrant rather than new market trades. Transactions are classified as holdings, with no buy or sell transaction codes, indicating the report focuses on existing indirect positions and warrant terms instead of fresh purchases or sales.