[SCHEDULE 13D/A] Better Home & Finance Holding Co SEC Filing

Rhea-AI Filing Summary

Schedule 13D/A for Better Home & Finance Holding Co (Class A Common Stock)

This amendment states that the Pine Brook reporting persons no longer beneficially own any Class A shares of BETR. After the Issuer completed a 1-for-50 reverse stock split on August 16, 2024, Pine Brook Capital Partners II sold 995,660 shares on September 22, 2025, which represented the total remaining Class A shares they held post-split. The filing confirms the reporting persons now beneficially own approximately 0 shares (0%) and ceased to beneficially own more than 5% of the class as of September 22, 2025. Exhibit 2 is referenced for the schedule of transactions.

Insights

Securities Analyst

TL;DR: Pine Brook fully exited its Class A position, selling 995,660 shares after a 1-for-50 reverse split; holdings now 0%.

The amendment to Schedule 13D reports a complete disposition of the reporting persons' Class A Common Stock in Better Home & Finance Holding Co. The key disclosed facts are the prior 1-for-50 reverse split on August 16, 2024, and the sale of 995,660 shares on September 22, 2025, constituting the entirety of their post-split holdings. The filing clarifies that, following that sale, the reporting persons no longer meet the >5% beneficial ownership threshold and report 0 shares beneficially owned. Exhibit 2 is cited as containing transaction details.

Corporate Governance Expert

TL;DR: Reporting group formally discloses exit; governance impact limited to disclosure of change in ownership status.

The amendment provides a formal update to the issuer and market that Pine Brook-related entities and Howard Newman have divested their remaining Class A shares. The filing is procedural and factual: it amends Item 5 to show current beneficial ownership of 0 shares and notes cessation of ownership above 5% as of September 22, 2025. No other changes to the original Schedule 13D are reported in this amendment.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Better Home & Finance Holding Co

(Name of Issuer)

Class A Common Stock, $0.0001 par value

(Title of Class of Securities)

08774B508

(CUSIP Number)

Pine Brook Capital Partners II
c/o Pine Brook Road Partners, LLC, 60 East 42nd Street, Suite 3014
New York, NY, 10165
(212) 847-4333

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

09/22/2025

(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).

SCHEDULE 13D

CUSIP No. 08774B508

1

Name of reporting person

Pine Brook Capital Partners II, 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 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

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 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 08774B508

1

Name of reporting person

Pine Brook Road Associates II, 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 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

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 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 08774B508

1

Name of reporting person

Pine Brook Road Advisors, 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 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

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 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 08774B508

1

Name of reporting person

PBRA, 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 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

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 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 08774B508

1

Name of reporting person

NEWMAN HOWARD H

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 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

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 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, $0.0001 par value
(b)	Name of Issuer: Better Home & Finance Holding Co
(c)	Address of Issuer's Principal Executive Offices: 1 World Trade Center, 285 Fulton St., 80th Floor, Suite A, New York, NEW YORK , 10007.
Item 1 Comment: Pursuant to Rule 13d-2 under the Securities Exchange Act of 1934, as amended, this Amendment No. 1 to the Schedule 13D ("Amendment No. 1") amends certain items of the Schedule 13D filed with the Securities and Exchange Commission on September 1, 2023 (the "Original Schedule 13D" and, together with this Amendment No. 1, the "Schedule 13D"), relating to the Class A Common Stock, par value $0.0001 per share (the "Class A Common Stock"), of Better Home & Finance Holding Co (the "Issuer"). All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D. Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported in the Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) of the Schedule 13D is hereby amended and supplemented as follows: As of the date hereof, the Reporting Persons may be deemed to beneficially own 0 shares of Class A Common Stock, or approximately 0% of the shares of Class A Common Stock outstanding.
(b)	Item 5(b) of the Schedule 13D is hereby amended and supplemented as follows: The response to Item 5(a) of this Amendment No. 1 is incorporated herein by reference.
(c)	Item 5(c) of the Schedule 13D is hereby amended and supplemented as follows: On September 22, 2025, PBCP II sold 995,660 shares of Class A Common Stock, which represented the total quantity of Class A Common Stock the Reporting Persons beneficially owned after the Issuer effected a 1-for-50 reverse stock split on August 16, 2024. The transactions in the Class A Common Stock effected by the Reporting Persons within the past sixty days are set forth in Exhibit 2 attached hereto. Except as set forth in Exhibit 2, none of the Reporting Persons have engaged in any transactions with respect to the Class A Common Stock during the 60 days prior to the date of filing of this Amendment No. 1.
(e)	Item 5(e) of the Schedule 13D is hereby amended and supplemented as follows: On September 22, 2025, the Reporting Persons ceased to beneficially own more than 5% of the shares of Class A Common Stock outstanding.
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the Schedule 13D is hereby amended and supplemented as follows: Exhibit Description Exhibit 2: Schedule of Transactions

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.

Pine Brook Capital Partners II, L.P.

Signature:	/s/ Howard Newman
Name/Title:	Howard Newman, Chairman and Chief Executive Officer of PBRA, LLC, General Partner of Pine Brook Road Associates II, L.P., its General Partner
Date:	09/24/2025

Pine Brook Road Associates II, L.P.

Signature:	/s/ Howard Newman
Name/Title:	Howard Newman, Chairman and Chief Executive Officer of PBRA, LLC, its General Partner
Date:	09/24/2025

Pine Brook Road Advisors, L.P.

Signature:	/s/ Howard Newman
Name/Title:	Howard Newman, Chairman and Chief Executive Officer of PBRA, LLC, its General Partner
Date:	09/24/2025

PBRA, LLC

Signature:	/s/ Howard Newman
Name/Title:	Howard Newman, Chairman and Chief Executive Officer
Date:	09/24/2025

NEWMAN HOWARD H

Signature:	/s/ Howard Newman
Name/Title:	Howard Newman
Date:	09/24/2025