Arnaud Massenet - 22 Aug 2023 Form 4 Insider Report for Better Home & Finance Holding Co (BETR)

Role
Director
Signature
/s/ Max Goodman, attorney-in-fact for Arnaud Massenet
Issuer symbol
BETR
Transactions as of
22 Aug 2023
Net transactions value
$0
Form type
4
Filing time
24 Aug 2023, 21:46:10 UTC
Next filing
02 Sep 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BETR Class A Ordinary Shares Other -150,000 -100% 0 22 Aug 2023 Direct F1
transaction BETR Class A Common Stock Other +150,000 150,000 22 Aug 2023 Direct F1
transaction BETR Class A Common Stock Conversion of derivative security +1,242,188 +828% 1,392,188 22 Aug 2023 Direct F2

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 -37,500 -100% 0 22 Aug 2023 Class A Common Stock 37,500 $11.50 Direct F1
transaction BETR Warrant (right to buy) Other +37,500 37,500 22 Aug 2023 Class A Common Stock 37,500 $11.50 Direct F1
transaction BETR Class B Ordinary Shares Conversion of derivative security -1,242,188 -100% 0 22 Aug 2023 Class A Common Stock 1,242,188 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., outstanding units of Aurora automatically separated and converted, with each unit converting into one share of the Issuer's Class A common stock and one-quarter of one warrant to purchase shares of common stock of the Issuer (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. 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.

Remarks:

Following the Business Combination the Reporting Person is no longer serving as Chief Executive Officer of Aurora but serves as Director of the Issuer, and therefore will continue to be subject to Section 16 reporting requirements. Exhibit 24.1 - Power of Attorney