[Form 4] Better Home & Finance Holding Company Warrant Insider Trading Activity
Insider Trade Summary
Net Buyer: 8,086 shares
Net Buy
14 txns
Insider
Tuffin Paula
Role
General Counsel and CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (Class A) | 3,166 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 638 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class B Common Stock | 193 | $13.35 | $3K |
| Exercise | Restricted Stock Units (Class B) | 638 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 3,166 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,145 | $13.35 | $15K |
| Exercise | Restricted Stock Units (Class A) | 9,500 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 636 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class B Common Stock | 192 | $12.48 | $2K |
| Exercise | Restricted Stock Units (Class B) | 636 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 9,500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 3,435 | $12.48 | $43K |
| Grant/Award | Restricted Stock Units (Class A) | 38,000 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (Class A) — 25,334 shares (Direct);
Class B Common Stock — 50,171 shares (Direct);
Restricted Stock Units (Class B) — 640 shares (Direct);
Class A Common Stock — 9,743 shares (Direct);
Class A Common Stock — 16,442 shares (Indirect, By Technology Stock Holding Master Trust/Series Tuffin 2021 Trust)
Footnotes (6)
- 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's Person's number of securities beneficially owned reported in this filing.
- F2. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- 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.
- F4. 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 Issuers 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 Betters founder.
- F5. Each restricted stock unit represents a contingent right to receive one share of the Issuers Class B Common Stock.
- F6. The restricted stock units were granted on October 1, 2022, and will vest subject to both time- and liquidity-based criteria. Under the time-based criteria, the Reporting Person was vested in 14/48ths of the restricted stock units 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 August 1, 2025, subject to the Reporting Persons continued employment. The liquidity-based criteria was satisfied on August 22, 2023 upon the consummation of the business combination between the Issuer (f/k/a Aurora Acquisition Corp), Aurora Merger Sub I, Inc. and Better HoldCo, Inc.
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