Better Home officer exercises 10,000 RSUs
BETR’s President, BMC, both exercised 10,000 RSUs into shares and received 11,243 immediately vesting RSUs, while a trust continues to hold 25,209 Class A shares.
Rhea-AI Filing Summary
Better Home & Finance Holding Co (BETR) reported that officer Chad M. Smith, President, BMC, on September 1, 2026 exercised 10,000 Restricted Stock Units (Class A), each representing a contingent right to one share of Class A Common Stock, into 10,000 Class A shares at no cash exercise price.
On the same date, he received a compensatory grant of 11,243 RSUs that vested immediately, increasing his derivative holdings to 25,000 RSUs. Separately, 25,209 Class A shares are held indirectly by his trust, reflecting an earlier transfer of 1,693 shares as a change in form of ownership under Rule 16a-13.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,000 shares exercised/converted
Exercise
4 txns
Insider
Smith Chad M.
Role
President, BMC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (Class A) F3, F4 | 10,000 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock F1, F2 | 11,243 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 10,000 | $0.00 | $0.00 |
| holding | Class A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (Class A) — 25,000 contracts (Direct);
Class A Common Stock — 22,936 shares (Direct);
Class A Common Stock — 25,209 shares (Indirect, By Trust)
Footnotes (4)
- F1. Represents grant of restricted stock units ("RSUs") that vested immediately and were granted pursuant to a compensatory arrangement approved by the Issuer's board of directors.
- F2. The shares of Class A Common Stock held by the reporting person prior to the transaction reported herein reflect a transfer of 1,693 shares previously reported as directly held by the reporting person to the reporting person's Trust, which transfer of shares to the Trust was a change in form of ownership in accordance Rule 16a-13.
- F3. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F4. The RSUs reported herein vested on an accelerated basis pursuant to acceleration approved by the Issuer's board of directors.
Key Figures
RSUs exercised: 10,000 units
Shares received from RSU exercise: 10,000 shares
New RSU grant: 11,243 units
+4 more
7 metrics
RSUs exercised
10,000 units
Restricted Stock Units (Class A) exercised into Class A Common Stock on September 1, 2026
Shares received from RSU exercise
10,000 shares
Class A Common Stock issued upon RSU exercise on September 1, 2026
New RSU grant
11,243 units
Restricted stock units granted and immediately vested pursuant to a compensatory arrangement
RSUs held after transactions
25,000 units
Total Restricted Stock Units (Class A) reported as held following the September 1, 2026 transactions
Trust share holdings
25,209 shares
Class A Common Stock held indirectly "By Trust" after the reported transactions
Shares transferred to trust
1,693 shares
Previously directly held shares moved to the reporting person’s trust as a change in form of ownership under Rule 16a-13
Exercise price
$0.00 per share
Reported exercise price per share for the 10,000 RSUs converted into Class A Common Stock
Key Terms
Restricted Stock Units, Class A Common Stock, Rule 16a-13, contingent right, +1 more
5 terms
Restricted Stock Units financial
"Represents grant of restricted stock units ("RSUs") that vested immediately"
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.
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Rule 16a-13 regulatory
"transfer of shares to the Trust was a change in form of ownership in accordance Rule 16a-13"
contingent right financial
"Each RSU represents a contingent right to receive one share"
accelerated basis financial
"The RSUs reported herein vested on an accelerated basis pursuant to acceleration approved"
FAQ
What equity awards did BETR officer Chad M. Smith receive in this Form 4?
He received a grant of 11,243 restricted stock units (RSUs) of Better Home & Finance Holding Co Class A Common Stock, which the company states vested immediately under a compensatory arrangement approved by the board of directors.
How many RSUs did BETR’s Chad M. Smith exercise on September 1, 2026?
On September 1, 2026, he exercised 10,000 Restricted Stock Units (Class A), resulting in the issuance of 10,000 shares of Better Home & Finance Holding Co Class A Common Stock at an exercise price reported as $0.00 per share.
What are Chad M. Smith’s remaining RSU holdings in BETR after these transactions?
After the reported transactions, he holds 25,000 Restricted Stock Units (Class A) of Better Home & Finance Holding Co, as shown by the post-transaction derivative holdings in the Form 4 data.
Were BETR insider transactions reported under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 plan affirmation box is not checked, and the footnotes do not describe any Rule 10b5-1 trading plan for these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
