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

Rhea-AI Filing Summary

Chad M. Smith, an officer identified as President & COO on the Form 4 for Better Home & Finance Holding Co (BETR), reported transactions dated 08/06/2025. The filing lists non-derivative entries for Class A common stock showing a sale of 2,539 shares at $14.56 and a separate entry reflecting 5,000 Class A shares acquired at $0 (post-transaction beneficial ownership figures shown as 29,533 and 26,994 in the respective lines). The derivative table reports 5,000 Restricted Stock Units (RSUs) settled and a total RSU-related beneficial ownership of 55,000 Class A shares following the reported transaction. The RSUs were granted on May 8, 2024 and vest 25% at the 12‑month anniversary with the remainder vesting in equal quarterly installments over the following 36 months, subject to continued employment.

Positive

• RSU grant and vesting schedule disclosed: RSUs were granted on May 8, 2024 with 25% vesting at 12 months and the remainder vesting quarterly over 36 months.
• Substantial RSU-related holdings shown: the filing shows total RSU-related beneficial ownership of 55,000 Class A shares following the reported transaction.

Negative

• Insider sale disclosed: the reporting person sold 2,539 Class A shares at $14.56 on 08/06/2025, reducing reported holdings in the relevant line.
• Reduction in reported direct holdings: post-transaction beneficial ownership figures in the non-derivative lines include 29,533 and 26,994 shares, reflecting changes recorded on the form.

Insights

Securities Analyst

TL;DR: Routine equity-compensation activity with a modest insider sale; overall neutral in absence of additional context.

The Form 4 documents a mix of compensation-related share settlement and a small open-market sale. The reported 2,539-share sale at $14.56 is explicit and reduces the reported direct holdings in the filing lines; offsetting this, the filing shows a 5,000-share RSU settlement and a total of 55,000 RSU-related Class A shares outstanding to the reporting person. Without information on total outstanding shares or percentage ownership, these moves appear routine for an officer managing compensation and liquidity needs, not immediately material by themselves.

Corporate Governance Expert

TL;DR: Vesting schedule and documented RSU grant indicate standard retention incentives; the small sale is a disclosed liquidity event.

The disclosure confirms an RSU grant dated May 8, 2024 with a clear vesting schedule (25% after 12 months, then quarterly over 36 months), which aligns executive incentives with long-term equity performance. The sale of 2,539 shares at $14.56 is recorded on the same transaction date and is properly disclosed. From a governance perspective, the filing shows standard compensation mechanics and transparent reporting; no governance violations or unusual instruments are disclosed in the form.

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
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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^*

Smith Chad M.

(Last) (First) (Middle)

C/O BETTER HOME & FINANCE HOLDING CO

1 WORLD TRADE CENTER, 80TH FLOOR SUITE A

(Street)

NEW YORK NY 10013

(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)
	Pres & COO, Better Mortgage

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025

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	08/06/2025		M		5,000	A	$0	29,533	D
Class A Common Stock	08/06/2025		F		2,539	D	$14.56	26,994	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)	(1)	08/06/2025		M			5,000	(2)	(2)	Class A Common Stock	5,000	$0	55,000	D

Explanation of Responses:

1. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.

2. The RSUs were granted on May 8, 2024. 25% of the RSUs will vest, subject to the Reporting Person's continued employment, on the 12-month anniversary of the grant date, and the remaining balance of the RSUs will vest in equal quarterly installments over the following 36 months, subject to the Reporting Person's continued employment on each such scheduled vesting date.

Remarks:

	/s/ Andrew Holt, Attorney-in-Fact	08/08/2025
	** 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.

FAQ

What transactions did Chad M. Smith report on the Form 4 for Better Home & Finance (BETR)?

The Form 4 reports a sale of 2,539 Class A shares at $14.56 and entries reflecting a 5,000-share RSU-related settlement/acquisition, with post-transaction beneficial ownership figures shown as 29,533 and 26,994 in the non-derivative lines.

How many RSUs does Chad M. Smith have and what is the vesting schedule?

The filing shows a total RSU-related beneficial ownership of 55,000 Class A shares. The RSUs were granted on May 8, 2024, vesting 25% at the 12-month anniversary and the remainder vesting in equal quarterly installments over the next 36 months, subject to continued employment.

When were the reported transactions executed?

The transactions listed in the Form 4 carry a transaction date of 08/06/2025.

At what price were the shares sold and acquired?

The sale recorded was 2,539 shares at $14.56; the non‑derivative entry tied to RSU settlement shows 5,000 shares at $0, consistent with RSU conversion/settlement reporting on the form.

What is Chad M. Smith's role at the issuer according to the filing?

The filing identifies Chad M. Smith as an officer with the title President & COO (noted as President & COO, Better Mortgage) for purposes of the relationship disclosure.