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[Form 4] Better Home & Finance Holding Company Warrant Insider Trading Activity

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

Rhea-AI Filing Summary

Better Home & Finance Holding Co. (BETR) – Form 4: CFO Kevin J. Ryan reported multiple insider transactions tied to restricted stock units (RSUs).

  • New grant: 58,000 Class A RSUs issued 28 May 2025, post 1-for-50 reverse split.
  • RSU conversions: 14,500 shares on 1 Jul 2025 and 4,833 shares on 1 Aug 2025 (Code M, $0 exercise).
  • Tax withholding disposals: 5,706 shares at $12.48 and 1,902 shares at $13.35 surrendered (Code F).
  • Current holdings: 51,737 Class A shares held directly plus 38,667 unvested RSUs.
  • Vesting schedule: 25% on 1 Jul 2025, 67% monthly through 1 Mar 2026, final 8% on 15 Mar 2026.

The CFO’s net position rose by 11,725 shares, while sizable unvested equity maintains long-term alignment with shareholders.

Positive

  • Net increase of 11,725 shares signals continued insider exposure to BETR’s equity upside.
  • 38,667 unvested RSUs extend the CFO’s alignment with long-term performance milestones.

Negative

  • 7,608 shares disposed at ~$12–13 may be viewed as insider selling, despite tax-withholding rationale.
  • Future share issuance from 38,667 RSUs could cause minor dilution when vested.

Insights

TL;DR: Routine RSU exercise; modest net share increase; limited market impact.

The filing shows standard vesting and tax-withholding mechanics. Ryan acquired 19.3 k shares via RSU conversion and surrendered 7.6 k to cover taxes, leaving a net gain of 11.7 k shares. Post-transaction, he directly holds 51.7 k shares (≈0.4% float) and retains 38.7 k RSUs, indicating continued exposure to future upside. No open-market buying or large block sale occured, so the signal is largely neutral. Impact on float dilution is immaterial; the market should treat this as routine insider activity.

TL;DR: Insider retains sizable stake; sales were tax-related, not discretionary.

The CFO remains strongly aligned: exercised awards at $0 and withheld shares only for statutory taxes, a common best-practice. The staggered vesting through March 2026 extends retention incentives across critical execution periods as the company scales post-SPAC. There are no red flags regarding timing or volume, and the amended split-adjusted figures enhance transparency. Shareholder dilution risk is de minimis given the company’s total outstanding share count.

Insider RYAN KEVIN J
Role Chief Financial Officer
Type Security Shares Price Value
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 $13.35 $25K
Exercise Restricted Stock Units (Class A) 14,500 $0.00 $0.00
Exercise Class A Common Stock 14,500 $0.00 $0.00
Exercise Price or Tax Liability Class A Common Stock 5,706 $12.48 $71K
Grant/Award Restricted Stock Units (Class A) 58,000 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units (Class A) — 38,667 shares (Direct); Class A Common Stock — 51,737 shares (Direct)
Footnotes (3)
  1. F1. On August 16, 2024, the Issuer effected a 1-for-50 reverse stock split of its shares of Class A Common Stock, which is reflected in the Reporting Person's number of securities beneficially owned reported in this filing.
  2. F2. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock
  3. F3. 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.

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

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Form 4 Insider Transactions: What Each Field Means →

FAQ

How many BETR shares did CFO Kevin J. Ryan acquire on July 1 2025?
He converted 14,500 RSUs into Class A shares at a $0 exercise price.

What price were BETR shares disposed of for taxes on July 1 2025?
The filing lists a $12.48 price for the 5,706 shares surrendered.

How many Class A shares does the CFO now own after the August 1 2025 transaction?
Kevin J. Ryan now directly holds 51,737 shares.

What is the vesting schedule for the 58,000 RSUs granted on May 28 2025?
25% vests on 1 Jul 2025, 67% vests monthly through 1 Mar 2026, and the remaining 8% vests on 15 Mar 2026.

Does this Form 4 indicate open-market buying or selling by the CFO?
No; transactions were RSU conversions and tax-withholding disposals, not discretionary market trades.
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)
05/28/2025
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 07/01/2025 M 14,500 A $0 54,512(1) D
Class A Common Stock 07/01/2025 F 5,706 D $12.48 48,806 D
Class A Common Stock 08/01/2025 M 4,833 A $0 53,639 D
Class A Common Stock 08/01/2025 F 1,902 D $13.35 51,737 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 A) (2) 05/28/2025 A 58,000 (3) (3) Class A Common Stock 58,000 $0 58,000 D
Restricted Stock Units (Class A) (2) 07/01/2025 M 14,500 (3) (3) Class A Common Stock 14,500 $0 43,500 D
Restricted Stock Units (Class A) (2) 08/01/2025 M 4,833 (3) (3) Class A Common Stock 4,833 $0 38,667 D
Explanation of Responses:
1. On August 16, 2024, the Issuer effected a 1-for-50 reverse stock split of its shares of Class A Common Stock, which is reflected in the Reporting Person's number of securities beneficially owned reported in this filing.
2. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock
3. 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 08/05/2025
** 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