| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BETR | Class B Common Stock | Gift | $0 | -23.3M | -33.27% | $0.00 | 46.7M | Jan 19, 2024 | Class A Common Stock | 23.3M | Direct | F1, F2 | |
| holding | BETR | Class B Common Stock | 6.52M | Jan 19, 2024 | Class A Common Stock | 6.52M | By 1/0 Real Estate, LLC | F1, F3 | ||||||
| holding | BETR | Class B Common Stock | 23.3M | Jan 19, 2024 | Class A Common Stock | 23.3M | By The 718 4Ever Trust I | F1, F2 |
| Id | Content |
|---|---|
| F1 | Each share of Class B Common Stock is convertible at any time at the option of the holder thereof 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 Issuer's 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 the founder of Better. |
| F2 | On January 19, 2024, the Reporting Person transferred 23,275,863 shares of Class B Common Stock to The 718 4Ever Trust I as a bona fide gift for no consideration. The Reporting Person is the investment adviser of the trust, and members of the Reporting Person's immediate family are the sole beneficiaries of the trust. Therefore, the Reporting Person may be deemed to have voting power and dispositive power over the shares held by the trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |
| F3 | The Reporting Person is the controlling member of 1/0 Holdco, LLC, which wholly owns 1/0 Real Estate, LLC. Therefore, the Reporting Person may be deemed to have voting power and dispositive power over the shares held by 1/0 Real Estate, LLC. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |