Better Home & Finance (NASDAQ: BETR) COO gets 5,000 shares from RSU vesting
Rhea-AI Filing Summary
Better Home & Finance Holding Co (BETR) reported that Chad M. Smith, Pres & COO of Better Mortgage, exercised 5,000 Restricted Stock Units (Class A) on August 6, 2026, receiving 5,000 shares of Class A Common Stock at a stated price of $0.00 per share.
Following this transaction, Smith holds 35,000 RSUs directly and 5,000 shares of Class A Common Stock directly, plus an additional 23,516 shares held indirectly by a trust. The RSUs were granted on May 8, 2024 and vest 25% on the 12‑month anniversary, with the remainder vesting in equal quarterly installments over the next 36 months, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,000 shares
Net Buy
3 txns
Insider
Smith Chad M.
Role
Pres & COO, Better Mortgage
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (Class A) F2, F3 | 5,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 5,000 | $0.00 | $0.00 |
| holding | Class A Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (Class A) — 35,000 shares (Direct);
Class A Common Stock — 5,000 shares (Direct);
Class A Common Stock — 23,516 shares (Indirect, By Trust)
Footnotes (3)
- F1. The shares of Class A Common Stock held by the reporting person prior to the transaction reported herein reflect a transfer of 2,455 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.
- F2. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3. The RSUs were granted on May 8, 2024. 25% of the RSUs will vest, subject to the Reporting Person's continued employment, on the 12-month anniversary of the grant date, and the remaining balance of the RSUs will vest in equal quarterly installments over the following 36 months, subject to the Reporting Person's continued employment on each such scheduled vesting date.
Key Figures
RSUs Exercised: 5,000 shares
Common Shares Acquired: 5,000 shares
RSUs Remaining: 35,000 units
+5 more
8 metrics
RSUs Exercised
5,000 shares
Restricted Stock Units (Class A) exercised on August 6, 2026
Common Shares Acquired
5,000 shares
Class A Common Stock received on August 6, 2026 from RSU exercise
RSUs Remaining
35,000 units
Restricted Stock Units (Class A) held directly after the transaction
Direct Common Shares Held
5,000 shares
Class A Common Stock held directly after the transaction
Indirect Common Shares Held
23,516 shares
Class A Common Stock held indirectly by trust after the transaction
RSU Grant Date
May 8, 2024
Grant date for the RSUs that vest over 4 years
Initial Vesting Portion
25%
Portion of RSUs vesting on 12‑month anniversary of grant date
Remaining Vesting Period
36 months
Period over which remaining RSUs vest in equal quarterly installments
Key Terms
Restricted Stock Units, contingent right, Rule 16a-13, vesting, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit (RSU) 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.
contingent right financial
"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share"
Rule 16a-13 regulatory
"transfer of shares to the Trust was a change in form of ownership in accordance Rule 16a-13"
vesting financial
"25% of the RSUs will vest, subject to the Reporting Person's continued employment"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
indirect ownership financial
"Class A Common Stock held indirectly By Trust as nature of ownership"
FAQ
What insider transaction did BETR executive Chad M. Smith report on this Form 4?
Chad M. Smith reported exercising 5,000 Restricted Stock Units of Better Home & Finance Holding Co (BETR) on August 6, 2026, receiving 5,000 Class A Common shares at a stated price of $0.00 per share, as part of his equity compensation.
How many Better Home & Finance (BETR) RSUs does Chad M. Smith hold after this transaction?
After the reported transaction, Chad M. Smith holds 35,000 Restricted Stock Units of Better Home & Finance Holding Co. These RSUs each represent a contingent right to receive one share of BETR Class A Common Stock, subject to the vesting schedule and his continued employment.
What is the vesting schedule of Chad M. Smith’s BETR RSUs granted in 2024?
The RSUs granted to Chad M. Smith on May 8, 2024 vest 25% on the 12‑month anniversary of the grant date. The remaining balance vests in equal quarterly installments over 36 months, conditioned on his continued employment at each vesting date.
Did Better Home & Finance (BETR) indicate a trading plan under Rule 10b5-1 for this Form 4?
The filing’s Rule 10b5-1 checkbox was not marked as affirming a trading plan for these transactions. The reported activity involves RSU vesting and share issuance rather than open-market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
