Vishal Garg - 29 Aug 2024 Form 4 Insider Report for Better Home & Finance Holding Co (BETR)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Max Goodman, Attorney-in-Fact
Issuer symbol: BETR
Transactions as of: 29 Aug 2024
Net transactions value: $0
Form type: 4
Filing time: 11 Sep 2024, 09:05:54 UTC
Previous filing: 26 Jan 2024
Next filing: 05 Aug 2025
SEC: View on sec.gov

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	Class B Common Stock	Gift	$0	-6,000	-0.64%	$0.000000	927,855	29 Aug 2024	Class A Common Stock	6,000		Direct	F1, F2

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

Explanation of Responses:

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	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.

Content

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.

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.