Paula Tuffin - 01 Apr 2025 Form 4 Insider Report for Better Home & Finance Holding Co (BETR)

Role: General Counsel and CCO
Signature: /s/ Obi Chukwu, Attorney-in-Fact
Issuer symbol: BETR
Transactions as of: 01 Apr 2025
Net transactions value: -$2,099
Form type: 4
Filing time: 03 Apr 2025, 16:05:08 UTC
Previous filing: 04 Mar 2025
Next filing: 05 May 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	Options Exercise	$0	+637	+2.8%	$0.000000	23,724	01 Apr 2025	Class A Common Stock	637		Direct	F1
transaction	BETR	Class B Common Stock	Tax liability	$2,099	-191	-0.81%	$10.99	23,533	01 Apr 2025	Class A Common Stock	191		Direct	F1
transaction	BETR	Restricted Stock Units (Class B)	Options Exercise	$0	-637	-17%	$0.000000	3,187	01 Apr 2025	Class B Common Stock	637		Direct	F2, F3

* 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 Issuers 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 Betters founder.
F2	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B Common Stock.
F3	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.