Framework Ventures (BETR) exercises warrants and buys more Better stock

Rhea-AI Filing Summary

Framework Ventures–affiliated entities increased their indirect stake in Better Home & Finance Holding Co. The filing shows open-market purchases of 31,598 shares of Common Stock at prices of $35.46 and $39.73, and exercises of warrants to acquire 211,312 shares at exercise prices of $27.00 and $27.25.

Following these transactions, the entities indirectly reported holding 804,818 shares of Common Stock. The securities are held primarily by Framework Ventures IV L.P. and Framework Labs, Inc., while Vance Spencer and Michael Ernest Anderson may be deemed beneficial owners but disclaim ownership beyond their pecuniary interests.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/09/2026		P		10,000	A	$35.46	571,908	I	See Footnote(3)
Common Stock	03/10/2026		X		105,656	A	$27(1)(2)	677,564	I	See Footnote(3)
Common Stock	03/10/2026		X		105,656	A	$27.25(1)(2)	783,220	I	See Footnote(3)
Common Stock	03/11/2026		P		21,598	A	$39.73	804,818	I	See Footnote(3)
Common Stock								247,450	I	See Footnote(4)
Common Stock								121,150	I	See Footnote(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants (right to buy)	$27(1)(2)	03/10/2026		X			105,656(1)(2)	(1)(2)	02/17/2027	Common Stock	105,656(1)(2)	$0	105,656(1)(2)	I	See Footnote(3)
Warrants (right to buy)	$27.25(1)(2)	03/10/2026		X			105,656(1)(2)	(1)(2)	02/17/2027	Common Stock	105,656(1)(2)	$0	0(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.

2. Due to a character limit, Footnote 2 is a continuation of Footnote 1: The Warrant became 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 upon the beneficial ownership exceeding 8.98%.

3. The reported securities include 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:

Exhibit 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 activity did Framework Ventures report in Better Home & Finance (BETR)?

Framework Ventures–related entities reported net buying activity in Better Home & Finance. They purchased 31,598 Common Stock shares in the open market and exercised warrants for 211,312 additional shares, resulting in reported indirect ownership of 804,818 Common Stock shares after the transactions.

How many Better Home & Finance shares did Framework Ventures buy on the open market?

The entities associated with Framework Ventures bought 31,598 Better Home & Finance Common Stock shares in open-market transactions. These purchases included 10,000 shares at $35.46 per share and 21,598 shares at $39.73 per share, increasing their overall indirect equity exposure to the company.

What warrants did Framework Ventures exercise in Better Home & Finance (BETR)?

Framework Ventures IV L.P. exercised warrants covering 211,312 Warrant Shares of Better Home & Finance Class A Common Stock. The warrant allowed 105,656 shares at an exercise price of $27.00 and another 105,656 shares at $27.25, all subject to specified beneficial ownership thresholds.

What beneficial ownership limits applied to Framework Ventures’ Better Home & Finance warrants?

The warrant became exercisable for 105,656 shares once beneficial ownership exceeded 4.99% of outstanding Common Stock. The remaining 105,656 shares became exercisable once beneficial ownership exceeded 8.98%, at an exercise price set as the greater of $27.00 or 90% of the 30‑day volume‑weighted average price.

Who ultimately controls the entities trading Better Home & Finance stock?

The reported securities are held directly by Framework Ventures IV L.P. and Framework Labs, Inc. Vance Spencer and Michael Ernest Anderson are managers and executives of these entities and may be deemed beneficial owners, but each disclaims beneficial ownership except for his pecuniary interest in the shares.

How many Better Home & Finance shares do Framework Ventures entities hold after these trades?

After the reported purchases and warrant exercises, the filing shows 804,818 Better Home & Finance Common Stock shares held indirectly by the Framework Ventures–related entities. This figure reflects the position following the latest open‑market purchase dated March 11, 2026.