Better Home & Finance (BETR) investor group seeks board changes

Rhea-AI Filing Summary

Better Home & Finance Holding Co (Class A common stock) is the subject of Amendment No. 6 to a Schedule 13D filed by a group of investors led by Steven Sarracino. The reporting persons collectively report 1,290,178 Shares, representing 8.9% of the Class A common stock, with no sole voting or dispositive power and fully shared voting and dispositive power.

The filing discloses that on August 16, 2026, Sarracino, on behalf of the reporting group, executed a written stockholder consent seeking to remove, without cause, five directors of Better Home & Finance Holding Co. The consent becomes effective only upon valid delivery of sufficient stockholder consents to meet the vote threshold required under Sections 141(k) and 228 of the Delaware General Corporation Law and the company’s governing documents. The group reports that there have been no transactions in the Shares by the reporting persons since the prior Amendment No. 5.

Positive

• Large holder group maintains a significant stake of 8.9%, indicating ongoing engagement with Better Home & Finance Holding Co’s governance.
• Use of a formal written stockholder consent process under the DGCL signals organized and legally-structured shareholder action.

Negative

• Proposed removal, without cause, of five directors signals potential board and governance disruption at Better Home & Finance Holding Co.
• Activation of a stockholder consent process contingent on securing sufficient votes introduces uncertainty around future board composition and control.

Key Figures

Total beneficial ownership (group): 1,290,178 Shares Ownership percentage (group): 8.9 % Activant Ventures Advisors III, LLC holdings: 1,217,972.00 Shares +5 more

8 metrics

Total beneficial ownership (group) 1,290,178 Shares Aggregate amount beneficially owned by each reporting person; 8.9% of Class A common stock

Ownership percentage (group) 8.9 % Percent of Class A common stock represented by 1,290,178 Shares

Activant Ventures Advisors III, LLC holdings 1,217,972.00 Shares Shared voting and dispositive power; 8.4% of Class A common stock

Activant Ventures III, L.P. holdings 673,960.00 Shares Shared voting and dispositive power; 4.8% of Class A common stock

Opportunities Fund 1 holdings 142,084.00 Shares Activant Ventures III Opportunities Fund 1, L.P.; 1.1% of Class A common stock

Opportunities Fund 2 holdings 235,332.00 Shares Activant Ventures III Opportunities Fund 2, L.P.; 1.7% of Class A common stock

PAVF Holding Company Limited holdings 72,206.00 Shares Shared voting and dispositive power; 0.5% of Class A common stock

Date of event 08/16/2026 Date of the written stockholder consent triggering this Schedule 13D amendment

Key Terms

Schedule 13D, written consent of stockholder in lieu of a meeting, Sections 141(k) and 228 of the Delaware General Corporation Law, beneficially owned, +1 more

5 terms

Schedule 13D regulatory

"This Amendment No. 6 ("Amendment No. 6") amends and supplements the original"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

written consent of stockholder in lieu of a meeting regulatory

"executed a written consent of stockholder in lieu of a meeting, pursuant to Sections"

Sections 141(k) and 228 of the Delaware General Corporation Law regulatory

"pursuant to Sections 141(k) and 228 of the Delaware General Corporation Law (the "DGCL")"

beneficially owned financial

"Number of Shares Beneficially Owned by Each Reporting Person With:"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

dispositive power financial

"Sole Dispositive Power 0.00 10 | Shared Dispositive Power 1,290,178.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

FAQ

What does Amendment No. 6 to the Schedule 13D report for BETR?

Amendment No. 6 reports that a shareholder group led by Steven Sarracino holding 8.9% of Better Home & Finance Holding Co’s Class A shares executed a written consent seeking to remove five directors, effective only if sufficient stockholder consents are validly delivered.

How many Better Home & Finance (BETR) shares does the reporting group beneficially own?

The reporting persons collectively beneficially own 1,290,178 Class A shares of Better Home & Finance Holding Co, representing 8.9% of the class. All reported voting and dispositive power over these shares is shared rather than held solely by any single reporting person.

Which directors of BETR are subject to the removal consent in this Schedule 13D/A?

The written consent seeks to remove, without cause, directors Harit Talwar, Arnaud Massenet, Bhaskar Menon, Prabhu Narasimhan, and Daniel Lewis. The removal becomes effective only if sufficient stockholder consents are validly delivered under Delaware corporate law and company documents.

Has the shareholder group traded BETR shares since Amendment No. 5?

No. The filing explicitly states there have been no transactions in Better Home & Finance Holding Co Class A Shares by the reporting persons since the filing of Amendment No. 5, indicating their percentage ownership is unchanged over that period.

What percentage of BETR does Activant Ventures Advisors III, LLC report owning?

Activant Ventures Advisors III, LLC reports shared beneficial ownership of 1,217,972 Class A shares of Better Home & Finance Holding Co, representing 8.4% of that class. It has no sole voting or dispositive power over these shares, only shared authority.

What legal mechanism is the BETR shareholder group using to change the board?

The group is using a written consent of stockholder in lieu of a meeting under Sections 141(k) and 228 of the Delaware General Corporation Law. The consent becomes effective only upon valid delivery of sufficient consents to meet the required voting threshold.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/17/2026 - 09:05 PM Accepted by SEC EDGAR 08/17/2026 - 09:04 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

Better Home & Finance Holding Co

(Name of Issuer)

Class A common stock, par value $0.0001 per share (the "Shares")

(Title of Class of Securities)

08774B508

(CUSIP Number)

Matthew Maron
17 Old Kings Highway South, Suite 220,
Darien, CT, 06820
203-489-9080

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/16/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 08774B508

1

Name of reporting person

Steven Sarracino

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,290,178.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,290,178.00

11

Aggregate amount beneficially owned by each reporting person

1,290,178.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.9 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 08774B508

1

Name of reporting person

Activant Ventures Advisors III, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,217,972.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,217,972.00

11

Aggregate amount beneficially owned by each reporting person

1,217,972.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.4 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 08774B508

1

Name of reporting person

Activant Capital Management, LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,217,972.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,217,972.00

11

Aggregate amount beneficially owned by each reporting person

1,217,972.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.4 %

14

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13D

CUSIP Number(s): 08774B508

1

Name of reporting person

Activant Ventures III, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 673,960.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 673,960.00

11

Aggregate amount beneficially owned by each reporting person

673,960.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.8 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 08774B508

1

Name of reporting person

Activant Ventures III Opportunities Fund 1, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 142,084.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 142,084.00

11

Aggregate amount beneficially owned by each reporting person

142,084.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.1 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 08774B508

1

Name of reporting person

Activant Ventures III Opportunities Fund 2, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 235,332.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 235,332.00

11

Aggregate amount beneficially owned by each reporting person

235,332.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.7 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 08774B508

1

Name of reporting person

Activant Ventures III Opportunities Fund 3, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,350.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,350.00

11

Aggregate amount beneficially owned by each reporting person

17,350.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.1 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 08774B508

1

Name of reporting person

Activant Ventures III Opportunities Fund 4, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 27,832.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 27,832.00

11

Aggregate amount beneficially owned by each reporting person

27,832.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 08774B508

1

Name of reporting person

Activant Ventures III Opportunities Fund 6, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 121,414.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 121,414.00

11

Aggregate amount beneficially owned by each reporting person

121,414.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.9 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 08774B508

1

Name of reporting person

PAVF Holding Company Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 72,206.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 72,206.00

11

Aggregate amount beneficially owned by each reporting person

72,206.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.5 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 08774B508

1

Name of reporting person

Better Voyager Partners Company Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 72,206.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 72,206.00

11

Aggregate amount beneficially owned by each reporting person

72,206.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.5 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A common stock, par value $0.0001 per share (the "Shares")
(b)	Name of Issuer: Better Home & Finance Holding Co
(c)	Address of Issuer's Principal Executive Offices: 1 World Trade Center, 285 Fulton Street, 80th Floor, Suite A, New York, NEW YORK , 10007.
Item 2.	Identity and Background
(a)	This Amendment No. 6 ("Amendment No. 6") amends and supplements the original Schedule 13D filed on September 1, 2023 (the "Original Schedule 13D") as amended by Amendment No. 1 to the Original Schedule 13D, filed on October 18, 2023 ("Amendment No. 1"), as further amended by Amendment No. 2 to the Original Schedule 13D, filed on October 2, 2024 ("Amendment No. 2"), as further amended by Amendment No. 3 to the Original Schedule 13D, filed on October 25, 2024 ("Amendment No. 3"), as further amended by Amendment No. 4 to the Original Schedule 13D, filed on June 29, 2026 ("Amendment No. 4"), as further amended by Amendment No. 5 to the Original Schedule 13D, filed on August 14, 2026 ("Amendment No. 5", together with the Original Schedule 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3 and Amendment No. 4, the "Schedule 13D"). Except as provided herein, all Items of the Schedule 13D remain unchanged and this Amendment No. 6 does not modify any information previously reported on the Schedule 13D. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D. This Amendment No. 6 is being filed by each of Steven Sarracino ("Mr. Sarracino"), a United States citizen, Activant Ventures Advisors III, LLC ("AVA III LLC"), a Delaware limited liability company, Activant Capital Management, LP ("ACM LP"), a Delaware limited partnership, Activant Ventures III, L.P. ("AV III LP"), a Delaware limited partnership, Activant Ventures III Opportunities Fund 1, L.P. ("AV III OPS FUND 1"), a Delaware limited partnership, Activant Ventures III Opportunities Fund 2, L.P. ("AV III OPS FUND 2"), a Delaware limited partnership, Activant Ventures III Opportunities Fund 3, L.P. ("AV III OPS FUND 3"), a Delaware limited partnership, Activant Ventures III Opportunities Fund 4, L.P. ("AV III OPS FUND 4"), a Delaware limited partnership, Activant Ventures III Opportunities Fund 6, L.P. ("AV III OPS FUND 6" and, together with AV III LP, AV III OPS FUND 1, AV III OPS FUND 2, AV III OPS FUND 3 and AV III OPS FUND 4, the "AV III Funds"), a Delaware limited partnership, PAVF Holding Company Limited ("PAVF"), a Cayman Islands company limited by shares and Better Voyager Partners Company Limited ("Better Voyager Partners"), a Cayman Islands company limited by shares (collectively, the "Reporting Persons").
Item 4.	Purpose of Transaction
	This Amendment No. 6 hereby amends and supplements Item 4 by adding the following thereto: "On August 16, 2026, Mr. Sarracino on behalf of the Reporting Persons executed a written consent of stockholder in lieu of a meeting, pursuant to Sections 141(k) and 228 of the Delaware General Corporation Law (the "DGCL") and relevant provisions of the Issuer's Bylaws and Amended and Restated Certificate of Incorporation, indicating the Reporting Persons' consent, as the holders of shares of the Issuer's Class A common stock and Class B common stock, to a resolution removing, without cause, each of the following individuals from his position as a director of the Issuer: (i) Harit Talwar; (ii) Arnaud Massenet; (iii) Bhaskar Menon; (iv) Prabhu Narasimhan; and (v) Daniel Lewis. Mr. Sarracino on behalf of the Reporting Persons has authorized the delivery of such written consent to the Issuer. By its terms, such written consent will become effective upon valid delivery to the Issuer, in accordance with Section 228 of the DGCL and the Issuer's Amended and Restated Certificate of Incorporation, of written stockholder consents representing not less than the minimum number of votes that would be necessary to authorize the foregoing action at a meeting of the Issuer's stockholders at which all shares entitled to vote thereon were present and voted."
Item 5.	Interest in Securities of the Issuer
(c)	This Amendment No. 6 hereby amends and restates Item 5(c) in its entirety, to read as follows: "There have been no transactions in the Shares by the Reporting Persons since the filing of Amendment No. 5."

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Steven Sarracino

Signature:	/s/ Steven Sarracino
Name/Title:	Steven Sarracino
Date:	08/17/2026

Activant Ventures Advisors III, LLC

Signature:	/s/ Steven Sarracino
Name/Title:	Manager
Date:	08/17/2026

Activant Capital Management, LP

Signature:	/s/ Steven Sarracino
Name/Title:	Managing Member of its General Partner
Date:	08/17/2026

Activant Ventures III, L.P.

Signature:	/s/ Steven Sarracino
Name/Title:	Manager of its General Partner
Date:	08/17/2026

Activant Ventures III Opportunities Fund 1, L.P.

Signature:	/s/ Steven Sarracino
Name/Title:	Manager of its General Partner
Date:	08/17/2026

Activant Ventures III Opportunities Fund 2, L.P.

Signature:	/s/ Steven Sarracino
Name/Title:	Manager of its General Partner
Date:	08/17/2026

Activant Ventures III Opportunities Fund 3, L.P.

Signature:	/s/ Steven Sarracino
Name/Title:	Manager of its General Partner
Date:	08/17/2026

Activant Ventures III Opportunities Fund 4, L.P.

Signature:	/s/ Steven Sarracino
Name/Title:	Manager of its General Partner
Date:	08/17/2026

Activant Ventures III Opportunities Fund 6, L.P.

Signature:	/s/ Steven Sarracino
Name/Title:	Manager of its General Partner
Date:	08/17/2026

PAVF Holding Company Limited

Signature:	/s/ Steven Sarracino
Name/Title:	Director
Date:	08/17/2026

Better Voyager Partners Company Limited

Signature:	/s/ Steven Sarracino
Name/Title:	Director of its Sole Shareholder
Date:	08/17/2026