Framework Ventures boosts stake in Better Home & Finance
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Form Type
4
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.
Insider Trade Summary
Net Buyer: 31,598 shares
Net Buy
8 txns
Insider
Framework Ventures IV L.P., Framework Ventures Management LLC, Framework Ventures IV GP LLC, Spencer Vance, Anderson Michael Ernest, Framework Labs, Inc.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Bought
31,598 shs ($1.21M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 21,598 | $39.73 | $858K |
| In-the-Money Exercise | Warrants (right to buy) | 105,656 | $0.00 | $0.00 |
| In-the-Money Exercise | Warrants (right to buy) | 105,656 | $0.00 | $0.00 |
| In-the-Money Exercise | Common Stock | 105,656 | $27.00 | $2.85M |
| In-the-Money Exercise | Common Stock | 105,656 | $27.25 | $2.88M |
| Purchase | Common Stock | 10,000 | $35.46 | $355K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Warrants (right to buy) — 105,656 contracts (Indirect, See Footnote);
Common Stock — 1,173,418 shares (Indirect, See Footnote)
Footnotes (5)
- F1. 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.
- F2. 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%.
- F3. 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.
- F4. 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.
- F5. The reported securities are held directly by Mr. Spencer.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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