William E. Fischer III - 01 Jun 2024 Form 4 Insider Report for Better Home & Finance Holding Co (BETR)

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

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	BETR	Class B Common Stock	Options Exercise	$0	+30,813	+38%	$0.000000	112,279	01 Jun 2024	Class A Common Stock	30,813	Direct	F1, F2
transaction	BETR	Class B Common Stock	Tax liability	$2,909	-8,814	-7.9%	$0.3300	103,465	01 Jun 2024	Class A Common Stock	8,814	Direct	F1
transaction	BETR	Restricted Stock Units (Class B)	Options Exercise	$0	-30,813	-8.3%	$0.000000	338,931	01 Jun 2024	Class B Common Stock	30,813	Direct	F2, F3

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

Id	Content
F1	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 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 Better's founder.
F2	Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class B Common Stock.
F3	492,991 RSUs were granted on March 1, 2023. 25% of the RSUs (123,247) vested on the one year anniversary of the grant date (March 1, 2024). The remaining balance of the RSUs will vest in equal quarterly installments from June 1, 2024 to March 1, 2027, subject to the Reporting Person's continued employment on each such scheduled vesting date.