Better Home & Finance: Calamari reports shareholdings
The 50,000 RSUs are subject to a stock-price goal during the performance period from October 1, 2025 through December 31, 2030, and continued service.
Sentiment and the balance of points
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Form Type
3
Rhea-AI Filing Summary
Better Home & Finance Holding Co (BETR) director Nicholas J. Calamari reported holdings as of October 5, 2026, including 102,505 Class B shares and 68,747 Class A shares held directly, plus 19,567 Class B shares held through each of the Anika G Austin Descendants Trust and Nicholas J. Calamari Family Trust. Each Class B share is convertible into one Class A share. He also reported 50,000 restricted stock units subject to performance- and time-based vesting. He may be deemed to have voting and dispositive power over the trust shares but disclaims beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Nicholas J. Calamari
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Common Stock F1, F2 | -- | -- | -- |
| holding | Class B Common Stock F1, F3 | -- | -- | -- |
| holding | Class B Common Stock F1 | -- | -- | -- |
| holding | Restricted Stock Units (Class A) F5, F4 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 19,567 contracts (Indirect, By the Anika G Austin Descendants Trust);
Class B Common Stock — 19,567 contracts (Indirect, By the Nicholas J. Calamari Family Trust);
Class B Common Stock — 102,505 contracts (Direct);
Restricted Stock Units (Class A) — 50,000 contracts (Direct);
Class A Common Stock — 68,747 shares (Direct)
Footnotes (5)
- 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's founder.
- F2. The Reporting Person is the spouse of the beneficiary of the Anika G Austin Descendants Trust, of which the Reporting Person serves as the trustee for the benefit of the Reporting Person's spouse and their children. Therefore, the Reporting Person may be deemed to have voting power and dispositive power over the shares held by the Anika G Austin Descendants Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F3. The Reporting Person is the controlling party of the Nicholas J. Calamari Family Trust, of which the Reporting Person's spouse serves as the trustee for the benefit of the Reporting Person and their children. Therefore, the Reporting Person may be deemed to have voting power and dispositive power over the shares held by the Nicholas J. Calamari Family Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F4. The restricted stock units ("RSUs") are subject to both performance- and time-based vesting criteria. The performance-based criteria provides for the achievement of a specified stock price goal of the Issuer's Class A common stock occuring during the period beginning on October 1, 2025 and ending on December 31, 2030 (the "Performance Period"). 25% of the RSUs shall time vest on the one year anniversary of the grant date and the remainder of the RSUs shall time vest quarterly over the following 36 months, subject to the Reporting Person's continued service with the Issuer. In the event the performance criteria is not met during the Performance Period, the RSUs shall be forfeited.
- F5. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
Key Figures
Direct Class B Common Stock: 102,505 shares
Direct Class A Common Stock: 68,747 shares
Anika G Austin Descendants Trust Class B Common Stock: 19,567 shares
+3 more
6 metrics
Direct Class B Common Stock
102,505 shares
Reported as of October 5, 2026
Direct Class A Common Stock
68,747 shares
Reported as of October 5, 2026
Anika G Austin Descendants Trust Class B Common Stock
19,567 shares
Held through the trust; reported as of October 5, 2026
Nicholas J. Calamari Family Trust Class B Common Stock
19,567 shares
Held through the trust; reported as of October 5, 2026
Restricted stock units
50,000 units
Each unit represents a contingent right to receive one Class A share
Class B conversion ratio
1 Class A share per Class B share
Class B shares are convertible at any time at the reporting person’s option
Key Terms
Class B Common Stock, restricted stock units, Performance Period, pecuniary interest
4 terms
Class B Common Stock financial
"Each share of Class B Common Stock is convertible"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
restricted stock units financial
"The restricted stock units ("RSUs") are subject to both performance- and time-based vesting criteria"
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.
Performance Period financial
"the "Performance Period""
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the vesting conditions for BETR director Nicholas J. Calamari’s RSUs?
The 50,000 RSUs are subject to performance- and time-based vesting. The performance criterion is a specified Class A stock-price goal during the period from October 1, 2025 through December 31, 2030. Twenty-five percent time vests on the grant’s one-year anniversary, with the remainder vesting quarterly over the following 36 months, subject to continued service. RSUs are forfeited if the performance criterion is not met during that period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
