| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BETR | Class A Common Stock | Sale | -$37.8K | -2.69K | -18.44% | $14.07 | 11.9K | Dec 2, 2024 | Direct | F1, F2 |
| transaction | BETR | Class A Common Stock | Sale | -$11.9K | -800 | -6.73% | $14.88 | 11.1K | Dec 2, 2024 | Direct | F1, F3 |
| 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 | +0.51% | $0.00 | 125K | Dec 1, 2024 | Class A Common Stock | 636 | Direct | F4, F5 | |
| transaction | BETR | Class B Common Stock | Tax liability | -$4.05K | -257 | -0.21% | $15.77 | 125K | Dec 1, 2024 | Class A Common Stock | 257 | Direct | F4 | |
| transaction | BETR | Restricted Stock Units (Class B) | Options Exercise | $0 | -636 | -11.09% | $0.00 | 5.1K | Dec 1, 2024 | Class B Common Stock | 636 | Direct | F5, F6 | |
| holding | BETR | Class B Common Stock | 24.5K | Dec 1, 2024 | Class A Common Stock | 24.5K | By the Nicholas J. Calamari Family Trust | F4 | ||||||
| holding | BETR | Class B Common Stock | 24.5K | Dec 1, 2024 | Class A Common Stock | 24.5K | By the Anika G Austin Descendants Trust | F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 28, 2024. |
| F2 | The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $13.61 to $14.50 per share. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. |
| F3 | The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $14.81 to $15.05 per share. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. |
| F4 | 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. |
| F5 | Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B Common Stock. |
| F6 | 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