| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BETR | Class B Common Stock | Options Exercise | $0 | +636 | +3.17% | $0.00 | 20.7K | Sep 1, 2024 | Class A Common Stock | 636 | Direct | F1, F2, F3 | |
| transaction | BETR | Class B Common Stock | Tax liability | -$3.05K | -194 | -0.94% | $15.74 | 20.5K | Sep 1, 2024 | Class A Common Stock | 194 | Direct | F1, F3 | |
| transaction | BETR | Restricted Stock Units (Class B) | Options Exercise | $0 | -636 | -8.32% | $0.00 | 7.01K | Sep 1, 2024 | Class B Common Stock | 636 | Direct | F2, F3, 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 | On August 16, 2024, Better Home & Finance Holding Company effected a 1-for-50 reverse stock split of its common stock resulting in every 50 shares of common stock being converted into one share of common stock. Proportionate adjustments were made to the number of shares issuable under equity awards outstanding under the company's equity incentive plans as well as the exercise price, as applicable, of such equity awards. |
| F4 | 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. |