Novator Capital Sponsor Ltd. - 31 Oct 2024 Form 4 Insider Report for Better Home & Finance Holding Co (BETR)

Reporting relationship: 10%+ Owner
Issuer ticker: BETR
Reported as of: 31 Oct 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 21 Nov 2024, 17:49:47 UTC
Prior SEC filing: 20 Oct 2023
Source filing: View source filing
Reporting owner signature: /s/ Pericles Spyrou, Director

Filing notes and source

Key filing fact

Novator Capital Sponsor Ltd. filed Form 4 for Better Home & Finance Holding Co (BETR) on 21 Nov 2024.

Key facts

This page summarizes Novator Capital Sponsor Ltd.'s Form 4 filing for Better Home & Finance Holding Co (BETR).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 21 Nov 2024, 17:49.

Change

Previous filing in this sequence was filed on 20 Oct 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BETR transaction

Class A Ordinary Shares

Sale

Transaction value
Shares: -650,000
Change %: -71%
Price
Shares after: 266,162
Date: 31 Oct 2024
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BETR transaction Derivative

Warrant (right to buy)

Sale

Transaction value
Shares: -45,800
Change %: -100%
Price
Shares after: 0
Date: 13 Nov 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 45,800
Exercise price
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Novator Capital Sponsor Ltd. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Novator Capital Sponsor Ltd, a Cyprus limited liability company (the "Reporting Person") is indirectly 99.9% owned by The Future Holdings Trust ("FHT") for which BB Trustees SA acts as trustee. On October 31, 2024, the Reporting Person transferred 650,000 shares of Class A common stock of Better Home & Finance Holding Company (f/k/a Aurora Acquisition Corp.) (the "Issuer") to another entity that is indirectly 99.9% owned by FHT, Livenandro Holdings Limited, a Cyprus limited company ("Livenandro") at a price per share of $15.58. Thor Bjorgolfsson may be deemed to have dispositive and voting control over the securities held by each of Livenandro and the Reporting Person. Mr. Bjorgolfsson disclaims beneficial of such securities. Mr. Bjorgolfsson files Section 16(a) reports separately to report securities of the Issuer that he may be deemed to beneficially own. The transfer did not result in a change in Mr. Bjorgolfsson 's pecuniary interest in the Class A Ordinary Shares.

Footnote F2

On November 13, 2024, the Reporting Person transferred to Livenandro 45,800 warrants to purchase Class A Common Stock of the Issuer (the "Warrants") at a price per Warrant of $0.07. The transfer did not result in a change in Mr. Bjorgolfsson 's pecuniary interest in the Warrants.

Footnote F3

On August 16, 2024, the Issuer effected a 1-for-50 reverse stock split of its Class A common stock (the "Reverse Stock Split"), which is reflected in the Reporting's Person's number of securities beneficially owned reported in this filing. As adjusted for the Reverse Stock Split, each Warrant is exercisable to purchase one share of Class A common stock at a price of $575.00 per share, subject to adjustment. The Warrants expire on August 22, 2028,.