Chad M. Smith - May 8, 2024 Form 4 Insider Report for Better Home & Finance Holding Co (BETR)

Role
Pres & COO, Better Mortgage
Signature
/s/ William Langston, Attorney-in-Fact
Stock symbol
BETR
Transactions as of
May 8, 2024
Transactions value $
$0
Form type
4
Date filed
5/10/2024, 04:30 PM
Previous filing
May 10, 2024

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 Restricted Stock Units (Class A) Award $0 +4M $0.00 4M May 8, 2024 Class A Common Stock 4M Direct F1, F2
transaction BETR Restricted Stock Units (Class A) Award $0 +4M $0.00 4M May 8, 2024 Class A Common Stock 4M Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 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.
F3 The RSUs were granted on May 8, 2024, and will vest subject to both time- and performance-based criteria. 25% of the RSUs will time-vest, subject to Reporting Person's continued employment and the achievement of certain market-based performance conditions, on the 12-month anniversary of the grant date, and the remaining balance of the RSUs will time-vest in equal quarterly installments over the following 36 months, subject to the Reporting Person's continued employment on each such scheduled vesting date and the achievement of certain market-based performance conditions.