Novator Capital Sponsor Ltd. - Aug 22, 2023 Form 4 Insider Report for Better Home & Finance Holding Co (BETR)

Role: 10%+ Owner
Signature: /s/ Pericles Spyrou, Director
Stock symbol: BETR
Transactions as of: Aug 22, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/24/2023, 09:42 PM

This filing has been restated, see here for the amended filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BETR	Class A Ordinary Shares	Other		-636K	-100%		0	Aug 22, 2023	Direct	F1
transaction	BETR	Class A Common Stock	Other		+636K			636K	Aug 22, 2023	Direct	F1
transaction	BETR	Class A Common Stock	Conversion of derivative security		+3.47M	+545.7%		4.11M	Aug 22, 2023	Direct	F2
transaction	BETR	Class A Common Stock	Purchase		+1.7M	+41.38%		5.81M	Aug 22, 2023	Direct	F3
transaction	BETR	Class A Common Stock	Conversion of derivative security		+40M	+688.68%		45.8M	Aug 22, 2023	Direct	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BETR	Warrant (right to buy)	Other		-4.01M	-100%		0	Aug 22, 2023	Class A Common Stock	4.01M	$11.50	Direct	F5
transaction	BETR	Warrant (right to buy)	Other		+4.01M			4.01M	Aug 22, 2023	Class A Common Stock	4.01M	$11.50	Direct	F5
transaction	BETR	Class B Ordinary Shares	Conversion of derivative security		-3.47M	-100%		0	Aug 22, 2023	Class A Common Stock	3.47M		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On August 22, 2023, in connection with the completion of the Issuer's (as defined below) initial business combination (the "Business Combination") pursuant to the Agreement and Plan of Merger (as amended, the "Merger Agreement"), dated May 10, 2021, by and among Aurora Acquisition Corp. ("Aurora"), Aurora Merger Sub I, Inc., and Better Holdco Inc. ("Better"), the Class A ordinary shares of Aurora, par value $0.0001 per share, automatically converted into shares of the Issuer's Class A common stock on a one-for-one basis for no additional consideration. As part of the Business Combination, Aurora changed its name to Better Home & Finance Holding Company (the "Issuer").
F2	In connection with the completion of the Business Combination, the Class B ordinary shares of Aurora, par value $0.0001 per share, automatically converted into shares of the Issuer's Class A common stock on a one-for-one basis for no additional consideration.
F3	On August 22, 2023, in connection with that certain Limited Waiver to the Amended and Restated Insider Letter Agreement, dated February 23, 2023, by and among Aurora, Better, and the Reporting Person, the Reporting Person subscribed for 1,700,000 shares of the Issuer's Class A common stock at a price of $10.00 per share.
F4	On August 22, 2023, pursuant to the Pre-Closing Bridge Note Purchase Agreement, dated as of November 30, 2021, as amended by those certain Letter Agreements dated August 26, 2022, and February 7, 2023, among Aurora, Better and the Reporting Person, $100,000,000 worth of subordinated 0% bridge promissory notes held by the Reporting Person converted into 40,000,000 shares of the Issuer's Class A common stock.
F5	In connection with the completion of the Business Combination, outstanding warrants to purchase Class A ordinary shares of Aurora automatically converted into warrants to purchase shares of the Issuer's Class A Common Stock (each, an "Issuer Warrant") for no additional consideration. The Issuer Warrants have an exercise price of $11.50 and will expire on August 22, 2028, five years from the completion of the Business Combination, or earlier upon redemption or liquidation.