Better Home (BETR) CFO converts RSUs to shares and covers taxes with stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Better Home & Finance Holding Co Chief Financial Officer Loveen Advani reported routine equity compensation activity. On June 30 and July 1, 2026, she exercised restricted stock units into a total of 18,334 shares of Class A Common Stock, with 5,020 shares withheld to cover tax obligations. Following these transactions, she directly holds 16,334 common shares and 91,666 unvested restricted stock units that will vest over time if she continues in service.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,334 shares exercised/converted
Mixed
6 txns
Insider
Advani Loveen
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (Class A) | 9,167 | $0.00 | -- |
| Exercise | Class A Common Stock | 9,167 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,510 | $30.19 | $76K |
| Exercise | Restricted Stock Units (Class A) | 9,167 | $0.00 | -- |
| Exercise | Class A Common Stock | 9,167 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,510 | $27.48 | $69K |
Holdings After Transaction:
Restricted Stock Units (Class A) — 91,666 shares (Direct, null);
Class A Common Stock — 16,334 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. 1/12th of the restricted stock units shall vest on June 30, 2026 and the remainder shall vest in equal installments on the first business day of each fiscal quarter thereafter, in each case subject to the reporting person's continued service with the Issuer.
Key Figures
RSUs converted June 30 2026: 9,167 shares
RSUs converted July 1 2026: 9,167 shares
Shares withheld for taxes: 5,020 shares
+3 more
6 metrics
RSUs converted June 30 2026
9,167 shares
Restricted Stock Units converted into Class A Common Stock on June 30, 2026
RSUs converted July 1 2026
9,167 shares
Restricted Stock Units converted into Class A Common Stock on July 1, 2026
Shares withheld for taxes
5,020 shares
Class A Common Stock delivered to satisfy tax liabilities on June 30 and July 1, 2026
Common shares after transactions
16,334 shares
Direct Class A Common Stock holdings after July 1, 2026 transactions
RSUs remaining after exercises
91,666 units
Restricted Stock Units outstanding after July 1, 2026
Tax-withholding prices
$30.19 and $27.48/share
Implied share values for tax-withholding dispositions on July 1 and June 30, 2026
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, Class A Common Stock
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Class A Common Stock financial
"Class A Common Stock transaction_shares and holdings reported"
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.
