STOCK TITAN

Activant investor to back Better Home (BETR) director fight

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Better Home & Finance Holding Co (BETR) received an amended Schedule 13D (Amendment No. 7) from a group of Activant-affiliated investment entities and Steven Sarracino updating their beneficial ownership and intentions. Mr. Sarracino reports beneficial ownership of 1,290,178 Class A shares, representing 8.9% of the class. Key Activant funds report stakes ranging from 4.8% down to below 1%, each with shared voting and dispositive power and no sole power.

The reporting investors state they are not acting, and have not agreed to act, with any other person as a Section 13(d) “group,” and that any prior potential group status has ceased. They reference a consent solicitation by Vishal Garg and affiliated entities to remove certain directors and state they are not affiliated with, and are not participants in, that solicitation, but currently intend to consent to the removal of the directors named in that process. They also state there have been no transactions in BETR shares by the reporting persons since the prior amendment and that they continue to hold the shares for investment while reserving flexibility to change the size of their position or engage with the company and other shareholders.

Positive

  • None.

Negative

  • None.

Filing Explained

The amendment adds that the earlier written consents did not constitute a majority, while the reporting persons’ stated support for the proposed director removals remains an intention to consent later through the Garg Group’s solicitation; it could add voting support but does not establish that the removals will pass.

Shares beneficially owned by Steven Sarracino 1,290,178 Shares Represents 8.9% of BETR Class A common stock with shared voting and dispositive power
Ownership percentage of Steven Sarracino 8.9% Percent of BETR Class A common stock beneficially owned
Shares beneficially owned by Activant Ventures Advisors III, LLC 1,217,972 Shares Represents 8.4% of BETR Class A common stock with shared voting and dispositive power
Ownership percentage of Activant Ventures Advisors III, LLC 8.4% Percent of BETR Class A common stock beneficially owned
Shares beneficially owned by Activant Ventures III, L.P. 673,960 Shares Represents 4.8% of BETR Class A common stock with shared voting and dispositive power
Shares beneficially owned by Activant Ventures III Opportunities Fund 2, L.P. 235,332 Shares Represents 1.7% of BETR Class A common stock with shared voting and dispositive power
Shares beneficially owned by Activant Ventures III Opportunities Fund 6, L.P. 121,414 Shares Represents 0.9% of BETR Class A common stock with shared voting and dispositive power
Shares beneficially owned by PAVF Holding Company Limited 72,206 Shares Represents 0.5% of BETR Class A common stock with shared voting and dispositive power
Schedule 13D regulatory
"This Amendment No. 7 ("Amendment No. 7") 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.
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 1,290,178.00"
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.
shared voting power financial
"Shared Voting Power 1,290,178.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
dispositive power financial
"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.
group regulatory
"members of a "group," within the meaning of Section 13(d)(3) of the Exchange Act"

FAQ

What percentage of Better Home & Finance (BETR) does Steven Sarracino report owning in this Schedule 13D/A?

Steven Sarracino reports beneficial ownership of 1,290,178 Class A shares of Better Home & Finance Holding Co, representing 8.9% of the outstanding Class A common stock, with shared voting and dispositive power and no sole voting or dispositive power.

How much of BETR does Activant Ventures Advisors III, LLC report owning?

Activant Ventures Advisors III, LLC reports beneficial ownership of 1,217,972 Class A shares of Better Home & Finance Holding Co, representing 8.4% of the class, with shared voting and shared dispositive power over all of those shares and no sole power.

Are the reporting persons in this BETR Schedule 13D/A acting as part of a Section 13(d) group?

The reporting persons state that, as of the date of the amendment, no reporting person is acting or has agreed to act with any other person to acquire, hold, vote, or dispose of BETR securities, and any potential prior deemed “group” status has ceased for them.

What is Activant Ventures III, L.P.’s reported stake in Better Home & Finance (BETR)?

Activant Ventures III, L.P. reports beneficial ownership of 673,960 Class A shares of Better Home & Finance Holding Co, representing 4.8% of the class, with shared voting and shared dispositive power over these shares and no sole power.

Have the reporting persons traded BETR shares since the prior Schedule 13D amendment?

No. The filing states that there have been no transactions in the Shares by the reporting persons since the filing of Amendment No. 6 to their Schedule 13D relating to Better Home & Finance Holding Co.

What is the investment intent of the reporting persons in BETR according to this Schedule 13D/A?

The reporting persons state they acquired Better Home & Finance Holding Co securities for investment purposes and intend to review their investment on an ongoing basis, with the possibility of increasing or decreasing holdings and communicating with other shareholders and the company about various matters.

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

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Learn about SEC filing dates





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)
08/25/2026

(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).




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SCHEDULE 13D


Steven Sarracino
Signature:/s/ Steven Sarracino
Name/Title:Steven Sarracino
Date:08/25/2026
Activant Ventures Advisors III, LLC
Signature:/s/ Steven Sarracino
Name/Title:Manager
Date:08/25/2026
Activant Capital Management, LP
Signature:/s/ Steven Sarracino
Name/Title:Managing Member of its General Partner
Date:08/25/2026
Activant Ventures III, L.P.
Signature:/s/ Steven Sarracino
Name/Title:Manager of its General Partner
Date:08/25/2026
Activant Ventures III Opportunities Fund 1, L.P.
Signature:/s/ Steven Sarracino
Name/Title:Manager of its General Partner
Date:08/25/2026
Activant Ventures III Opportunities Fund 2, L.P.
Signature:/s/ Steven Sarracino
Name/Title:Manager of its General Partner
Date:08/25/2026
Activant Ventures III Opportunities Fund 3, L.P.
Signature:/s/ Steven Sarracino
Name/Title:Manager of its General Partner
Date:08/25/2026
Activant Ventures III Opportunities Fund 4, L.P.
Signature:/s/ Steven Sarracino
Name/Title:Manager of its General Partner
Date:08/25/2026
Activant Ventures III Opportunities Fund 6, L.P.
Signature:/s/ Steven Sarracino
Name/Title:Manager of its General Partner
Date:08/25/2026
PAVF Holding Company Limited
Signature:/s/ Steven Sarracino
Name/Title:Director
Date:08/25/2026
Better Voyager Partners Company Limited
Signature:/s/ Steven Sarracino
Name/Title:Director of its Sole Shareholder
Date:08/25/2026