J. Calamari Nicholas - 28 May 2025 Form 4 Insider Report for Better Home & Finance Holding Co (BETR)

Signature
/s/ Andrew Holt as attorney-in-fact
Issuer symbol
BETR
Transactions as of
28 May 2025
Net transactions value
-$71,472
Form type
4
Filing time
05 Aug 2025, 19:52:18 UTC
Previous filing
05 May 2025
Next filing
02 Jun 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Nicholas J. Calamari CAO and Senior Counsel C/O BETTER HOME & FINANCE HOLDING CO, 1 WORLD TRADE CENTER, 80TH FLOOR SUITE A, NEW YORK /s/ Andrew Holt as attorney-in-fact 05 Aug 2025 0001614749

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BETR Class A Common Stock Options Exercise $0 +9,500 $0.000000 9,500 01 Jul 2025 Direct
transaction BETR Class A Common Stock Tax liability $47,786 -3,829 -40% $12.48 5,671 01 Jul 2025 Direct
transaction BETR Class A Common Stock Options Exercise $0 +3,166 +56% $0.000000 8,837 01 Aug 2025 Direct
transaction BETR Class A Common Stock Tax liability $17,035 -1,276 -14% $13.35 7,561 01 Aug 2025 Direct

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 Restricted Stock Units (Class A) Award $0 +38,000 $0.000000 38,000 28 May 2025 Class A Common Stock 38,000 Direct F1, F2
transaction BETR Restricted Stock Units (Class A) Options Exercise $0 -9,500 -25% $0.000000 28,500 01 Jul 2025 Class A Common Stock 9,500 Direct F1, F2
transaction BETR Restricted Stock Units (Class A) Options Exercise $0 -3,166 -11% $0.000000 25,334 01 Aug 2025 Class A Common Stock 3,166 Direct F1, F2
transaction BETR Class B Common Stock Options Exercise $0 +636 +0.5% $0.000000 127,437 01 Jul 2025 Class A Common Stock 636 Direct F3
transaction BETR Class B Common Stock Tax liability $3,207 -257 -0.2% $12.48 127,180 01 Jul 2025 Class A Common Stock 257 Direct F3
transaction BETR Restricted Stock Units (Class B) Options Exercise $0 -636 -50% $0.000000 642 01 Jul 2025 Class B Common Stock 636 Direct F4, F5
transaction BETR Class B Common Stock Options Exercise $0 +638 +0.5% $0.000000 127,818 01 Aug 2025 Class A Common Stock 638 Direct F3
transaction BETR Class B Common Stock Tax liability $3,444 -258 -0.2% $13.35 127,560 01 Aug 2025 Class A Common Stock 258 Direct F3
transaction BETR Restricted Stock Units (Class B) Options Exercise $0 -638 -99% $0.000000 4 01 Aug 2025 Class B Common Stock 638 Direct F4, F5
holding BETR Class B Common Stock 24,458 28 May 2025 Class A Common Stock 24,458 By the Nicholas J. Calamari Family Trust F3
holding BETR Class B Common Stock 24,458 28 May 2025 Class A Common Stock 24,458 By the Anika G Austin Descendants Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F2 The restricted stock units will vest with respect to (i) 3/12ths of such restricted stock units on July 1, 2025, (ii) 8/12ths of such restricted stock units in equal monthly installments beginning on August 1, 2025 through March 1, 2026, and (iii) the remaining 1/12th of such restricted stock units on March 15, 2026.
F3 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.
F4 Each restricted stock unit represents a contingent right to receive one share of the Issuers Class B Common Stock.
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 Persons 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.