| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BETRW | Class B Common Stock | Options Exercise | $0 | +31.8K | +0.46% | $0.00 | 6.9M | Aug 1, 2024 | Class A Common Stock | 31.8K | Direct | F1, F2 | |
| transaction | BETRW | Class B Common Stock | Tax liability | -$6.17K | -12.8K | -0.19% | $0.48* | 6.88M | Aug 1, 2024 | Class A Common Stock | 12.8K | Direct | F1 | |
| transaction | BETRW | Restricted Stock Units (Class B) | Options Exercise | $0 | -31.8K | -7.69% | $0.00 | 382K | Aug 1, 2024 | Class B Common Stock | 31.8K | Direct | F2, F5 | |
| holding | BETRW | Class B Common Stock | 1.22M | Aug 1, 2024 | Class A Common Stock | 1.22M | By the Nicholas J. Calamari Family Trust | F1, F3 | ||||||
| holding | BETRW | Class B Common Stock | 1.22M | Aug 1, 2024 | Class A Common Stock | 1.22M | By the Anika G Austin Descendants Trust | F1, F4 |
| 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 HoldCo, Inc.'s founder. |
| F2 | Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B Common Stock. |
| F3 | The Reporting Person is the controlling party of the Nicholas J. Calamari Family Trust, of which the Reporting Person's spouse serves as the trustee for the benefit of the Reporting Person and their children. Therefore, the Reporting Person may be deemed to have voting power and dispositive power over the shares held by the Nicholas J. Calamari Family Trust. The Reporting Person disclaims beneficial ownership of these securities 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. |
| F4 | The Reporting Person is the spouse of the beneficiary of the Anika G Austin Descendants Trust, of which the Reporting Person serves as the trustee for the benefit of the Reporting Person's spouse and their children. Therefore, the Reporting Person may be deemed to have voting power and dispositive power over the shares held by the Anika G Austin Descendants Trust. The Reporting Person disclaims beneficial ownership of these securities 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. |
| F5 | The restricted stock units were granted on October 1, 2022, and will vest subject to both time- and liquidity-based criteria. Under the time-based criteria, the Reporting Person was vested in 14/48ths of the restricted stock units on the grant date and the remaining restricted stock units will vest in equal 1/48ths of the restricted stock units on the first business day of each month such that the restricted stock units will be fully vested as of August 1, 2025, subject to the Reporting Person's continued employment. The liquidity-based criteria was satisfied on August 22, 2023, upon the consummation of the business combination between the Issuer (f/k/a Aurora Acquisition Corp), Aurora Merger Sub I, Inc. and Better HoldCo, Inc. |
Chief Administrative Officer