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Better Home (BETR) Officer Receives RSUs and Sells 1,902 Class A Shares

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Better Home & Finance Holding Co (BETR) reporting officer Kevin J. Ryan disclosed multiple equity transactions on 09/01/2025. He received 4,833 Class A restricted stock units and 286 Class B restricted stock units that convert to Class A shares, plus an additional 4,833 Class A restricted stock units, bringing his Class A beneficial ownership to 33,834 shares and Class B beneficial ownership to 574 shares after the transactions. The filing also shows a sale of 1,902 Class A shares at $22.63 each, reducing his Class A holdings to 54,668 shares in one reported line and to 14,183/14,296 in derivative-related lines as reported. Restricted stock units have specified vesting schedules and conversion terms; some units were granted in 2022 and vest based on time and liquidity conditions.

Positive

  • Vesting events increased the reporting person's beneficial ownership through granted restricted stock units
  • Clear disclosure of conversion mechanics for Class B to Class A shares and detailed vesting schedules

Negative

  • Insider sale of 1,902 Class A shares at $22.63 reduced holdings in that reported line

Insights

TL;DR: Insider received vested restricted stock units while executing a partial sale of Class A shares at $22.63, modestly altering reported beneficial ownership.

The filing documents time- and liquidity-conditioned vesting for restricted stock units granted March 1, 2022, and additional RSUs with staggered vesting through March 15, 2026. The reported transaction codes include M (related to award/vesting) and F (disposition in a cash sale) showing a sale of 1,902 Class A shares at $22.63. The net effect in reported lines shows increased beneficial holdings from vesting events and a contemporaneous disposal reducing certain Class A holdings. For investors, these are standard executive compensation and liquidity transactions rather than corporate events; they provide transparency on management equity alignment and partial monetization by the reporting officer.

TL;DR: Transaction mix reflects scheduled vesting and an executed sale; disclosure clarifies conversion rights and vesting mechanics for Class B/A shares.

The form clearly explains that each Class B share is convertible into one Class A share and lists conditions triggering automatic conversion. It also details vesting tranches, including prior grants with time- and liquidity-based conditions satisfied upon the business combination. The presence of attorney-in-fact signature indicates proper execution of the Form 4. These items are governance-relevant as they show when insider economic exposure changes due to vesting and conversions, but they are routine and do not indicate governance disputes or irregularities.

Insider RYAN KEVIN J
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Restricted Stock Units (Class B) 286 $0.00 $0.00
Exercise Class B Common Stock 286 $0.00 $0.00
Exercise Price or Tax Liability Class B Common Stock 113 $22.63 $3K
Exercise Restricted Stock Units (Class A) 4,833 $0.00 $0.00
Exercise Class A Common Stock 4,833 $0.00 $0.00
Exercise Price or Tax Liability Class A Common Stock 1,902 $22.63 $43K
Holdings After Transaction: Restricted Stock Units (Class B) — 574 shares (Direct); Class B Common Stock — 14,183 shares (Direct); Restricted Stock Units (Class A) — 33,834 shares (Direct); Class A Common Stock — 54,668 shares (Direct)
Footnotes (5)
  1. F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B Common Stock.
  2. F2. The restricted stock units were granted on March 1, 2022 and will vest subject to both time- and liquidity-based criteria. Under the time-based criteria, 14/48ths of the restricted stock units became vested on the grant date and the remaining restricted stock units will vest in equal 1/48ths of the restricted stock units on the first business day of each month such that the restricted stock units will be fully vested as of July 1, 2025. The liquidity-based criteria was satisfied upon the consummation of the Business Combination.
  3. F3. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock in connection with: (i) any transfer, whether or not for value, except for certain permitted transfers described in the Issuer's amended and restated certificate of incorporation, (ii) such time as the aggregate number of shares of Class B Common Stock outstanding ceases to represent 5% of the aggregate number of shares of Common Stock outstanding, (iii) the vote of 85% of the holders of Class B Common Stock outstanding; and (iv) following the date of the death or permanent disability of Better's founder.
  4. F4. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
  5. F5. The restricted stock units will vest with respect to (i) 3/12ths of such restricted stock units on July 1, 2025, (ii) 8/12ths of such restricted stock units in equal monthly installments beginning on August 1, 2025 through March 1, 2026, and (iii) the remaining 1/12th of such restricted stock units on March 15, 2026.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What transactions did Kevin J. Ryan report on Form 4 for BETR/BETRW?
The filing reports vesting/issuance of restricted stock units (4,833 Class A RSUs and 286 Class B RSUs among others) and a sale of 1,902 Class A shares at $22.63 on 09/01/2025.

How many shares does the reporting person beneficially own after the reported transactions?
The Form 4 shows beneficial ownership figures of 33,834 Class A shares and 574 Class B shares in the relevant reporting lines after the transactions.

What are the vesting terms disclosed for the restricted stock units?
Some RSUs granted March 1, 2022 vested 14/48ths at grant with the remainder vesting in equal monthly 1/48th installments through July 1, 2025; other RSUs vest in tranches with final vesting by March 15, 2026, as specified.

Can Class B shares convert to Class A shares and under what conditions?
Yes. Each Class B share is convertible into one Class A share at the holder's option and will convert automatically on certain events including transfers (subject to exceptions), if Class B falls below 5% of outstanding common stock, by 85% vote of Class B holders, or upon the founder's death or permanent disability.

Who signed the Form 4 and when was it filed?
The form is signed by Andrew Holt as Attorney-in-Fact on 09/03/2025 per the signature block.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
RYAN KEVIN J
(Last) (First) (Middle)
C/O BETTER HOME & FINANCE HOLDING CO
1 WORLD TRADE CENTER, 80TH FLOOR SUITE A
(Street)
NEW YORK NY 10007
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Better Home & Finance Holding Co [ BETR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 09/01/2025 M 4,833 A $0 56,570 D
Class A Common Stock 09/01/2025 F 1,902 D $22.63 54,668 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (Class B) (1) 09/01/2025 M 286 (2) (2) Class B Common Stock 286 $0 574 D
Class B Common Stock (3) 09/01/2025 M 286 (3) (3) Class A Common Stock 286 $0 14,296 D
Class B Common Stock (3) 09/01/2025 F 113 (3) (3) Class A Common Stock 113 $22.63 14,183 D
Restricted Stock Units (Class A) (4) 09/01/2025 M 4,833 (5) (5) Class A Common Stock 4,833 $0 33,834 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B Common Stock.
2. The restricted stock units were granted on March 1, 2022 and will vest subject to both time- and liquidity-based criteria. Under the time-based criteria, 14/48ths of the restricted stock units became vested on the grant date and the remaining restricted stock units will vest in equal 1/48ths of the restricted stock units on the first business day of each month such that the restricted stock units will be fully vested as of July 1, 2025. The liquidity-based criteria was satisfied upon the consummation of the Business Combination.
3. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock in connection with: (i) any transfer, whether or not for value, except for certain permitted transfers described in the Issuer's amended and restated certificate of incorporation, (ii) such time as the aggregate number of shares of Class B Common Stock outstanding ceases to represent 5% of the aggregate number of shares of Common Stock outstanding, (iii) the vote of 85% of the holders of Class B Common Stock outstanding; and (iv) following the date of the death or permanent disability of Better's founder.
4. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
5. The restricted stock units will vest with respect to (i) 3/12ths of such restricted stock units on July 1, 2025, (ii) 8/12ths of such restricted stock units in equal monthly installments beginning on August 1, 2025 through March 1, 2026, and (iii) the remaining 1/12th of such restricted stock units on March 15, 2026.
Remarks:
/s/ Andrew Holt, Attorney-in-Fact 09/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR