Novator updates 6.2% stake in Better Home & Finance

Better Home & Finance Holding Co. received an Amendment No. 8 to a Schedule 13D from Novator Capital Sponsor Ltd. and Thor Bjorgolfsson updating their ownership in the Class A common stock.

Rhea-AI Filing Summary

Better Home & Finance Holding Co. received an Amendment No. 8 to a Schedule 13D from Novator Capital Sponsor Ltd. and Thor Bjorgolfsson updating their ownership in the Class A common stock. The reporting persons now beneficially own 659,446 shares, equal to 6.20% of the class, including 46,050 shares issuable upon exercise of warrants that expire on August 22, 2028 at an exercise price of $575.00 per share.

The amendment explains that Thor Bjorgolfsson’s beneficial ownership percentage decreased by more than one percentage point due to a higher company share count, an internal transfer of 216,724 shares from Novator Capital Limited to Novator Capital Sponsor Ltd., and open-market sales by Novator Capital Sponsor Ltd. totaling 280,414 shares between December 2, 2025 and March 10, 2026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What ownership stake in BETR does Novator Capital Sponsor Ltd. report in this amendment?

Novator Capital Sponsor Ltd. reports beneficial ownership of 659,446 shares of Better Home & Finance Class A common stock, representing 6.20% of the class. This total includes both currently held shares and shares issuable upon exercise of warrants.

How many Better Home & Finance shares and warrants are included in the 659,446 BETR shares?

The 659,446 beneficially owned shares consist of 613,396 Class A common shares plus 46,050 Class A shares issuable upon exercise of warrants. These warrants carry a $575.00 per share exercise price and expire on August 22, 2028.

Why did Thor Bjorgolfsson’s reported percentage ownership in BETR decrease in Amendment No. 8?

The filing states Bjorgolfsson’s percentage fell by more than one percent due to increases in outstanding company securities, transfers of shares from Novator Capital Limited to Novator Capital Sponsor Ltd., and open-market sales of Class A shares by Novator Capital Sponsor Ltd.

What BETR share transactions are disclosed between December 2, 2025 and March 10, 2026?

Between December 2, 2025 and March 10, 2026, Novator Capital Sponsor Ltd. sold an aggregate 280,414 shares of Better Home & Finance Class A common stock in open-market transactions. Individual trade details are referenced in Annex A to the Schedule 13D amendment.

What internal share transfer involving BETR stock is reported on March 5, 2026?

On March 5, 2026, Novator Capital Limited transferred 216,724 shares of Better Home & Finance Class A common stock to Novator Capital Sponsor Ltd. This internal transfer among affiliated entities is one factor affecting the updated ownership structure reported in the amendment.

How is the 6.20% ownership in BETR calculated in this Schedule 13D amendment?

The 6.20% figure is based on 10,639,547 Class A shares outstanding as of March 2, 2026, plus the 46,050 warrant shares held by the reporting person, as disclosed in Better Home & Finance’s Form 10-K and referenced in the amendment.

What is Thor Bjorgolfsson’s relationship to the BETR shares held by Novator Capital Sponsor Ltd.?

The amendment states the securities are held directly by Novator Capital Sponsor Ltd., over which Thor Bjorgolfsson may be deemed to have voting and dispositive control. It also notes that he disclaims beneficial ownership of the shares owned by Novator Capital Sponsor Ltd.

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

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Accepted by SEC EDGAR 03/23/2026 - 04:01 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 8)

BETTER HOME & FINANCE HOLDING CO

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

08774B102

(CUSIP Number)

Ilan Katz
Dentons US LLP, 1221 Avenue of the Americas,
New York, NY, 10020
(212) 768-6700

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

03/05/2026

(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): 08774B102

1

Name of reporting person

Novator Capital Sponsor Ltd.

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)

WC

5

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

6

Citizenship or place of organization

CYPRUS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 659,446.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 659,446.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

659,446.00

12

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

13

Percent of class represented by amount in Row (11)

6.20 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) The reported shares beneficially owned include (i) 613,396 shares of Class A Common Stock; and (ii) 46,050 shares of Class A Common Stock issuable upon the exercise of warrants to purchase Class A Common Stock of the Issuer (the "Warrants"). As adjusted for the Reverse Stock Split, each whole share of Class A Common Stock underlying the Warrants is exercisable at a price of $575.00 per share, subject to adjustment. The Warrants expire on August 22, 2028. (2) The reported percent of class represented is calculated based upon 10,639,547 shares of Class A Common Stock outstanding as of March 2, 2026, as reported by the Issuer in its Form 10-K filed with the SEC on March 13, 2026, plus the 46,050 shares of Class A common stock issuable upon the exercise of the Warrants held by the Reporting Person.

SCHEDULE 13D

CUSIP Number(s): 08774B102

1

Name of reporting person

Thor Bjorgolfsson

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)

WC

5

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

6

Citizenship or place of organization

ICELAND

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 659,446.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 659,446.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

659,446.00

12

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

13

Percent of class represented by amount in Row (11)

6.20 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

(1) The reported shares beneficially owned include (i) 613,396 shares of Class A Common Stock held of record by Novator Capital Sponsor Ltd., a Cyprus limited liability company ("NCSL"); and (ii) 46,050 shares of Class A Common Stock issuable upon the exercise of Warrants held of record by NCSL. As adjusted for the Reverse Stock Split, each whole share of Class A Common Stock underlying the Warrants is exercisable at a price of $575.00 per share, subject to adjustment. The Warrants expire on August 22, 2028. (2) The securities beneficially owned are held directly by NSCL and Thor Bjorgolfsson may be deemed to have dispositive and voting control over those securities. NCSL is indirectly 99.9% owned by the irrevocable discretionary trust known as The Future Holdings Trust for which BB Trust Company SA acts as trustee; the directors of such trust are Alessandro Passardi, Peter Mitchell and Arnaud Cywie. Mr. Bjorgolfsson disclaims beneficial ownership of the shares owned by NCSL. (3) The reported percent of class represented is calculated based upon 10,639,547 shares of Class A Common Stock outstanding as of March 2, 2026, as reported by the Issuer in its Form 10-K filed with the SEC on March 13, 2026, plus the 46,050 shares of Class A common stock issuable upon the exercise of the Warrants held by the Reporting Person.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock
(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 1 Comment: This Amendment No. 8 ("Amendment No. 8") amends and supplements the original Schedule 13D filed with the SEC on March 18, 2021 (as amended by Amendment No. 1 filed with the SEC on August 28, 2023, Amendment No. 2 filed with the SEC on October 20, 2023, Amendment No. 3 filed with the SEC on October 25, 2024, Amendment No. 4 filed with the SEC on November 21, 2024, Amendment No. 5 filed with the SEC on December 2, 2024, Amendment No. 6 filed with the SEC on December 17, 2024, and Amendment No. 7 filed with the SEC on May 20, 2025 the "Original Schedule 13D") relating to shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), of the Issuer, Better Home & Finance Holding Company, a Delaware corporation, formerly Aurora Acquisition Corp., a Cayman Islands exempted company. Except as provided herein, all Items of the Original Schedule 13D remain unchanged and this Amendment No. 8 does not modify any information previously reported on the Original Schedule 13D. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Original Schedule 13D. This Amendment No. 8 is being filed to report the current percentage of the outstanding shares of Class A Common Stock (calculated in accordance with Rule 13d-3 under the Exchange Act) and Warrants beneficially owned by the Reporting Persons, and reflects a decrease of more than one percent in the percentage of outstanding Class A Common Stock that Thor Bjorgolfsson beneficially owns, or may be deemed to beneficially own, which resulted from (a) an increase in the total number of the Issuer's securities outstanding; (b) transfers of shares of Class A Common Stock from Novator Capital Limited (f/k/a NaMa Capital Limited), a company governed by the laws of Cyprus and originally incorporated in Guernsey ("NCL"), to NCSL; and (d) sales of shares of Class A Common Stock by NCSL.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Original Schedule 13D is hereby amended and supplemented as follows: The information set forth in Item 4 hereof is hereby incorporated by reference into this Item 3, as applicable.
Item 4.	Purpose of Transaction
	Item 4 of the Schedule 13D is hereby amended and supplemented to include the following: Transfer by NCL to NCSL: On March 5, 2026, NCL transferred 216,724 shares of Class A Common Stock of the Issuer to NCSL. Sales by NCSL: Between December 2, 2025 and March 10, 2026, NCSL sold an aggregate of 280,414 shares of Class A Common Stock of the Issuer in open market sales, as set forth in Annex A hereto.
Item 5.	Interest in Securities of the Issuer
(a)	The response set forth in Item 5 of the Original Schedule 13D is hereby amended by deleting the previous response in its entirety and replacing it with the following: The information contained in rows 7, 8, 9, 10, 11, and 13 on each of the cover pages of this Schedule 13D is incorporated by reference in its entirety into this Item 5.
(b)	The information contained in rows 7, 8, 9, 10, 11, and 13 on each of the cover pages of this Schedule 13D is incorporated by reference in its entirety into this Item 5.
(c)	Except for the transaction described in Item 4 of this Schedule 13D, the Reporting Persons have not engaged in any transaction during the past 60 days involving ordinary shares of the Issuer.
(d)	None.

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.

Novator Capital Sponsor Ltd.

Signature:	/s/ Pericles Spyrou
Name/Title:	Pericles Spyrou, Director
Date:	03/19/2026

Thor Bjorgolfsson

Signature:	/s/ Thor Bjorgolfsson
Name/Title:	Thor Bjorgolfsson
Date:	03/19/2026