4/A//SEC Filing
Sarracino Steven 4/A
Accession 0000899243-23-018684
CIK 0001835856other
Filed
Sep 7, 8:00 PM ET
Accepted
Sep 8, 9:42 PM ET
Size
45.4 KB
Accession
0000899243-23-018684
Insider Transaction Report
Form 4/AAmended
Activant Holdings I, LTD
Director10% Owner
Transactions
- Award
Class B Common Stock
2023-08-22+18,339,423→ 18,339,423 total(indirect: By Activant Holdings I, Ltd.)→ Class A Common Stock (18,339,423 underlying) - Award
Class B Common Stock
2023-08-22+1,080,188→ 1,080,188 total(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)→ Class A Common Stock (1,080,188 underlying) - Award
Class B Common Stock
2023-08-22+7,151,754→ 7,151,754 total(indirect: By Activant Ventures III Opportunities Fund 1, LP)→ Class A Common Stock (7,151,754 underlying) - Award
Class B Common Stock
2023-08-22+6,111,340→ 6,111,340 total(indirect: By Activant Ventures III Opportunities Fund 6, LP)→ Class A Common Stock (6,111,340 underlying) - Award
Class B Common Stock
2023-08-22+26,349,310→ 26,349,310 total(indirect: By Activant Ventures III, L.P.)→ Class A Common Stock (26,349,310 underlying) - Award
Class B Common Stock
2023-08-22+1,400,933→ 1,400,933 total(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)→ Class A Common Stock (1,400,933 underlying) - Award
Class B Common Stock
2023-08-22+873,305→ 873,305 total(indirect: By Activant Ventures III Opportunities Fund 3, LP)→ Class A Common Stock (873,305 underlying)
Activant Ventures Advisors III, LLC
Director10% Owner
Transactions
- Award
Class B Common Stock
2023-08-22+873,305→ 873,305 total(indirect: By Activant Ventures III Opportunities Fund 3, LP)→ Class A Common Stock (873,305 underlying) - Award
Class B Common Stock
2023-08-22+1,400,933→ 1,400,933 total(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)→ Class A Common Stock (1,400,933 underlying) - Award
Class B Common Stock
2023-08-22+6,111,340→ 6,111,340 total(indirect: By Activant Ventures III Opportunities Fund 6, LP)→ Class A Common Stock (6,111,340 underlying) - Award
Class B Common Stock
2023-08-22+7,151,754→ 7,151,754 total(indirect: By Activant Ventures III Opportunities Fund 1, LP)→ Class A Common Stock (7,151,754 underlying) - Award
Class B Common Stock
2023-08-22+18,339,423→ 18,339,423 total(indirect: By Activant Holdings I, Ltd.)→ Class A Common Stock (18,339,423 underlying) - Award
Class B Common Stock
2023-08-22+1,080,188→ 1,080,188 total(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)→ Class A Common Stock (1,080,188 underlying) - Award
Class B Common Stock
2023-08-22+26,349,310→ 26,349,310 total(indirect: By Activant Ventures III, L.P.)→ Class A Common Stock (26,349,310 underlying)
Sarracino Steven
Director10% Owner
Transactions
- Award
Class B Common Stock
2023-08-22+7,151,754→ 7,151,754 total(indirect: By Activant Ventures III Opportunities Fund 1, LP)→ Class A Common Stock (7,151,754 underlying) - Award
Class B Common Stock
2023-08-22+1,080,188→ 1,080,188 total(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)→ Class A Common Stock (1,080,188 underlying) - Award
Class B Common Stock
2023-08-22+26,349,310→ 26,349,310 total(indirect: By Activant Ventures III, L.P.)→ Class A Common Stock (26,349,310 underlying) - Award
Class B Common Stock
2023-08-22+18,339,423→ 18,339,423 total(indirect: By Activant Holdings I, Ltd.)→ Class A Common Stock (18,339,423 underlying) - Award
Class B Common Stock
2023-08-22+1,400,933→ 1,400,933 total(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)→ Class A Common Stock (1,400,933 underlying) - Award
Class B Common Stock
2023-08-22+873,305→ 873,305 total(indirect: By Activant Ventures III Opportunities Fund 3, LP)→ Class A Common Stock (873,305 underlying) - Award
Class B Common Stock
2023-08-22+6,111,340→ 6,111,340 total(indirect: By Activant Ventures III Opportunities Fund 6, LP)→ Class A Common Stock (6,111,340 underlying)
Activant Ventures III, LP
Director10% Owner
Transactions
- Award
Class B Common Stock
2023-08-22+1,400,933→ 1,400,933 total(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)→ Class A Common Stock (1,400,933 underlying) - Award
Class B Common Stock
2023-08-22+26,349,310→ 26,349,310 total(indirect: By Activant Ventures III, L.P.)→ Class A Common Stock (26,349,310 underlying) - Award
Class B Common Stock
2023-08-22+7,151,754→ 7,151,754 total(indirect: By Activant Ventures III Opportunities Fund 1, LP)→ Class A Common Stock (7,151,754 underlying) - Award
Class B Common Stock
2023-08-22+873,305→ 873,305 total(indirect: By Activant Ventures III Opportunities Fund 3, LP)→ Class A Common Stock (873,305 underlying) - Award
Class B Common Stock
2023-08-22+6,111,340→ 6,111,340 total(indirect: By Activant Ventures III Opportunities Fund 6, LP)→ Class A Common Stock (6,111,340 underlying) - Award
Class B Common Stock
2023-08-22+18,339,423→ 18,339,423 total(indirect: By Activant Holdings I, Ltd.)→ Class A Common Stock (18,339,423 underlying) - Award
Class B Common Stock
2023-08-22+1,080,188→ 1,080,188 total(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)→ Class A Common Stock (1,080,188 underlying)
Activant Ventures III Opportunities Fund 4, LP
Director10% Owner
Transactions
- Award
Class B Common Stock
2023-08-22+18,339,423→ 18,339,423 total(indirect: By Activant Holdings I, Ltd.)→ Class A Common Stock (18,339,423 underlying) - Award
Class B Common Stock
2023-08-22+6,111,340→ 6,111,340 total(indirect: By Activant Ventures III Opportunities Fund 6, LP)→ Class A Common Stock (6,111,340 underlying) - Award
Class B Common Stock
2023-08-22+873,305→ 873,305 total(indirect: By Activant Ventures III Opportunities Fund 3, LP)→ Class A Common Stock (873,305 underlying) - Award
Class B Common Stock
2023-08-22+7,151,754→ 7,151,754 total(indirect: By Activant Ventures III Opportunities Fund 1, LP)→ Class A Common Stock (7,151,754 underlying) - Award
Class B Common Stock
2023-08-22+1,080,188→ 1,080,188 total(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)→ Class A Common Stock (1,080,188 underlying) - Award
Class B Common Stock
2023-08-22+1,400,933→ 1,400,933 total(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)→ Class A Common Stock (1,400,933 underlying) - Award
Class B Common Stock
2023-08-22+26,349,310→ 26,349,310 total(indirect: By Activant Ventures III, L.P.)→ Class A Common Stock (26,349,310 underlying)
Activant Ventures III Opportunities Fund 6, LP
Director10% Owner
Transactions
- Award
Class B Common Stock
2023-08-22+7,151,754→ 7,151,754 total(indirect: By Activant Ventures III Opportunities Fund 1, LP)→ Class A Common Stock (7,151,754 underlying) - Award
Class B Common Stock
2023-08-22+873,305→ 873,305 total(indirect: By Activant Ventures III Opportunities Fund 3, LP)→ Class A Common Stock (873,305 underlying) - Award
Class B Common Stock
2023-08-22+18,339,423→ 18,339,423 total(indirect: By Activant Holdings I, Ltd.)→ Class A Common Stock (18,339,423 underlying) - Award
Class B Common Stock
2023-08-22+1,080,188→ 1,080,188 total(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)→ Class A Common Stock (1,080,188 underlying) - Award
Class B Common Stock
2023-08-22+26,349,310→ 26,349,310 total(indirect: By Activant Ventures III, L.P.)→ Class A Common Stock (26,349,310 underlying) - Award
Class B Common Stock
2023-08-22+1,400,933→ 1,400,933 total(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)→ Class A Common Stock (1,400,933 underlying) - Award
Class B Common Stock
2023-08-22+6,111,340→ 6,111,340 total(indirect: By Activant Ventures III Opportunities Fund 6, LP)→ Class A Common Stock (6,111,340 underlying)
Activant Ventures III Opportunities Fund 1, LP
Director10% Owner
Transactions
- Award
Class B Common Stock
2023-08-22+1,080,188→ 1,080,188 total(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)→ Class A Common Stock (1,080,188 underlying) - Award
Class B Common Stock
2023-08-22+873,305→ 873,305 total(indirect: By Activant Ventures III Opportunities Fund 3, LP)→ Class A Common Stock (873,305 underlying) - Award
Class B Common Stock
2023-08-22+6,111,340→ 6,111,340 total(indirect: By Activant Ventures III Opportunities Fund 6, LP)→ Class A Common Stock (6,111,340 underlying) - Award
Class B Common Stock
2023-08-22+18,339,423→ 18,339,423 total(indirect: By Activant Holdings I, Ltd.)→ Class A Common Stock (18,339,423 underlying) - Award
Class B Common Stock
2023-08-22+7,151,754→ 7,151,754 total(indirect: By Activant Ventures III Opportunities Fund 1, LP)→ Class A Common Stock (7,151,754 underlying) - Award
Class B Common Stock
2023-08-22+1,400,933→ 1,400,933 total(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)→ Class A Common Stock (1,400,933 underlying) - Award
Class B Common Stock
2023-08-22+26,349,310→ 26,349,310 total(indirect: By Activant Ventures III, L.P.)→ Class A Common Stock (26,349,310 underlying)
Activant Ventures III Opportunities Fund 2, LP
Director10% Owner
Transactions
- Award
Class B Common Stock
2023-08-22+1,400,933→ 1,400,933 total(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)→ Class A Common Stock (1,400,933 underlying) - Award
Class B Common Stock
2023-08-22+18,339,423→ 18,339,423 total(indirect: By Activant Holdings I, Ltd.)→ Class A Common Stock (18,339,423 underlying) - Award
Class B Common Stock
2023-08-22+7,151,754→ 7,151,754 total(indirect: By Activant Ventures III Opportunities Fund 1, LP)→ Class A Common Stock (7,151,754 underlying) - Award
Class B Common Stock
2023-08-22+6,111,340→ 6,111,340 total(indirect: By Activant Ventures III Opportunities Fund 6, LP)→ Class A Common Stock (6,111,340 underlying) - Award
Class B Common Stock
2023-08-22+1,080,188→ 1,080,188 total(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)→ Class A Common Stock (1,080,188 underlying) - Award
Class B Common Stock
2023-08-22+873,305→ 873,305 total(indirect: By Activant Ventures III Opportunities Fund 3, LP)→ Class A Common Stock (873,305 underlying) - Award
Class B Common Stock
2023-08-22+26,349,310→ 26,349,310 total(indirect: By Activant Ventures III, L.P.)→ Class A Common Stock (26,349,310 underlying)
Activant Ventures III Opportunities Fund 3, LP
Director10% Owner
Transactions
- Award
Class B Common Stock
2023-08-22+1,080,188→ 1,080,188 total(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)→ Class A Common Stock (1,080,188 underlying) - Award
Class B Common Stock
2023-08-22+18,339,423→ 18,339,423 total(indirect: By Activant Holdings I, Ltd.)→ Class A Common Stock (18,339,423 underlying) - Award
Class B Common Stock
2023-08-22+873,305→ 873,305 total(indirect: By Activant Ventures III Opportunities Fund 3, LP)→ Class A Common Stock (873,305 underlying) - Award
Class B Common Stock
2023-08-22+1,400,933→ 1,400,933 total(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)→ Class A Common Stock (1,400,933 underlying) - Award
Class B Common Stock
2023-08-22+7,151,754→ 7,151,754 total(indirect: By Activant Ventures III Opportunities Fund 1, LP)→ Class A Common Stock (7,151,754 underlying) - Award
Class B Common Stock
2023-08-22+6,111,340→ 6,111,340 total(indirect: By Activant Ventures III Opportunities Fund 6, LP)→ Class A Common Stock (6,111,340 underlying) - Award
Class B Common Stock
2023-08-22+26,349,310→ 26,349,310 total(indirect: By Activant Ventures III, L.P.)→ Class A Common Stock (26,349,310 underlying)
Activant Capital Management, LLC
Director10% Owner
Transactions
- Award
Class B Common Stock
2023-08-22+873,305→ 873,305 total(indirect: By Activant Ventures III Opportunities Fund 3, LP)→ Class A Common Stock (873,305 underlying) - Award
Class B Common Stock
2023-08-22+1,400,933→ 1,400,933 total(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)→ Class A Common Stock (1,400,933 underlying) - Award
Class B Common Stock
2023-08-22+26,349,310→ 26,349,310 total(indirect: By Activant Ventures III, L.P.)→ Class A Common Stock (26,349,310 underlying) - Award
Class B Common Stock
2023-08-22+7,151,754→ 7,151,754 total(indirect: By Activant Ventures III Opportunities Fund 1, LP)→ Class A Common Stock (7,151,754 underlying) - Award
Class B Common Stock
2023-08-22+1,080,188→ 1,080,188 total(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)→ Class A Common Stock (1,080,188 underlying) - Award
Class B Common Stock
2023-08-22+18,339,423→ 18,339,423 total(indirect: By Activant Holdings I, Ltd.)→ Class A Common Stock (18,339,423 underlying) - Award
Class B Common Stock
2023-08-22+6,111,340→ 6,111,340 total(indirect: By Activant Ventures III Opportunities Fund 6, LP)→ Class A Common Stock (6,111,340 underlying)
Footnotes (15)
- [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 Holdco's founder.
- [F10]Activant Ventures III Opportunities Fund 4, L.P. received 1,400,933 shares of Class B Common Stock of the Issuer in exchange for 458,335 shares of Class B Common Stock of Better Holdco pursuant to the Merger Agreement. Please see footnote 1 of this Form 4 for further details.
- [F11]Activant Ventures Advisors III, LLC is the general partner of Activant Ventures III Opportunities Fund 4, L.P. Activant Capital Management, LLC is the investment advisor of Activant Ventures III Opportunities Fund 4, L.P. Mr. Sarracino is Principal of Activant Ventures Advisors III, LLC. Activant Ventures Advisors III, LLC, Activant Capital Management, LLC and Mr. Sarracino may be deemed to have voting power and dispositive power with respect to the shares held by Activant Ventures III Opportunities Fund 4, L.P. Activant Ventures Advisors III, LLC, Activant Capital Management, LLC, and Mr. Sarracino disclaim beneficial ownership of these securities except to the extent of each person's respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F12]Activant Ventures III Opportunities Fund 6, LP received 6,111,340 shares of Class B Common Stock of the Issuer in exchange for 1,999,411 shares of Series D Preferred Stock of Better Holdco pursuant to the Merger Agreement. Please see footnote 1 of this Form 4 for further details.
- [F13]Activant Ventures Advisors III, LLC is the general partner of Activant Ventures III Opportunities Fund 6, L.P. Activant Capital Management, LLC is the investment advisor of Activant Ventures III Opportunities Fund 6, L.P. Mr. Sarracino is Principal of Activant Ventures Advisors III, LLC. Activant Ventures Advisors III, LLC, Activant Capital Management, LLC and Mr. Sarracino may be deemed to have voting power and dispositive power with respect to the shares held by Activant Ventures III Opportunities Fund 6, L.P. Activant Ventures Advisors III, LLC, Activant Capital Management, LLC, and Mr. Sarracino disclaim beneficial ownership of these securities except to the extent of each person's respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F14]Activant Ventures III, L.P. received 26,349,310 shares of Class B Common Stock of the Issuer in exchange for 173,866 shares of Class B Common Stock, 788,122 shares of Class O Common Stock, 611,720 shares of Series A Preferred Stock, 6,434,441 shares of Series C Preferred Stock and 612,378 shares of Series D Preferred Stock of Better Holdco pursuant to the Merger Agreement. Please see footnote 1 of this Form 4 for further details.
- [F15]Steven Sarracino is the controlling shareholder of Activant Ventures III, L.P. Activant Capital Management, LLC is the investment advisor of Activant Ventures III, L.P. Therefore, Activant Capital Management, LLC and Mr. Sarracino may be deemed to have voting power and dispositive power over the shares held by Activant Ventures III, L.P. Activant Capital Management, LLC and Mr. Sarracino disclaim beneficial ownership of these securities except to the extent of each person's respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F2]Activant Holdings I, Ltd. received 18,339,423 shares of Class B Common Stock of the Issuer in exchange for 6,000,000 shares of Series A Preferred Stock of Better Holdco, Inc. ("Better Holdco"), a Delaware corporation, pursuant to the Agreement and Plan of Merger, dated as of May 10, 2021 (as amended, the "Merger Agreement"), by and among Aurora Acquisition Corp, a Cayman Islands exempted company ("Aurora" and, following the Business Combination, the "Issuer"), Aurora Merger Sub I, Inc. a Delaware corporation and a direct wholly owned subsidiary of Aurora, and Better Holdco. Upon consummation of the business combination contemplated by the Merger Agreement (the "Business Combination"), as described on the Form S-4 (File No. 333-258423) filed by Aurora with the U.S. Securities and Exchange Commission and declared effective on July 27, 2023, the surviving entity of the Business Combination, the "Issuer", was renamed "Better Home & Finance Holding Company".
- [F3]Steven Sarracino is the controlling shareholder of Activant Holdings I, Ltd. Therefore, Mr. Sarracino may be deemed to have voting and dispositive power over the shares held by Activant Holdings I, Ltd. Mr. Sarracino disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F4]Activant Ventures III Opportunities Fund 1, LP received 7,151,754 shares of Class B Common Stock of the Issuer in exchange for 2,339,797 shares of Series C Preferred Stock of Better Holdco pursuant to the Merger Agreement. Please see footnote 1 of this Form 4 for further details.
- [F5]Activant Ventures Advisors III, LLC is the general partner of Activant Ventures III Opportunities Fund 1, L.P. Activant Capital Management, LLC is the investment advisor of Activant Ventures III Opportunities Fund 1, L.P. Mr. Sarracino is Principal of Activant Ventures Advisors III, LLC. Activant Ventures Advisors III, LLC, Activant Capital Management, LLC and Mr. Sarracino may be deemed to have voting power and dispositive power with respect to the shares held by Activant Ventures III Opportunities Fund 1, L.P. Activant Ventures Advisors III, LLC, Activant Capital Management, LLC, and Mr. Sarracino disclaim beneficial ownership of these securities except to the extent of each person's respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F6]Activant Ventures III Opportunities Fund 2, L.P. received 1,080,188 shares of Class B Common Stock of the Issuer in exchange for 353,399 shares of Series D Preferred Stock of Better Holdco pursuant to the Merger Agreement. Please see footnote 1 of this Form 4 for further details.
- [F7]Activant Ventures Advisors III, LLC is the general partner of Activant Ventures III Opportunities Fund 2, L.P. Activant Capital Management, LLC is the investment advisor of Activant Ventures III Opportunities Fund 2, L.P. Mr. Sarracino is Principal of Activant Ventures Advisors III, LLC. Activant Ventures Advisors III, LLC, Activant Capital Management, LLC and Mr. Sarracino may be deemed to have voting power and dispositive power with respect to the shares held by Activant Ventures III Opportunities Fund 2, L.P. Activant Ventures Advisors III, LLC, Activant Capital Management, LLC, and Mr. Sarracino disclaim beneficial ownership of these securities except to the extent of each person's respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F8]Activant Ventures III Opportunities Fund 3, LP received 873,305 shares of Class B Common Stock of the Issuer in exchange for 285,714 shares of Series A Preferred Stock of Better Holdco pursuant to the Merger Agreement. Please see footnote 1 of this Form 4 for further details.
- [F9]Activant Ventures Advisors III, LLC is the general partner of Activant Ventures III Opportunities Fund 3, L.P. Activant Capital Management, LLC is the investment advisor of Activant Ventures III Opportunities Fund 3, L.P. Mr. Sarracino is Principal of Activant Ventures Advisors III, LLC. Activant Ventures Advisors III, LLC, Activant Capital Management, LLC and Mr. Sarracino may be deemed to have voting power and dispositive power with respect to the shares held by Activant Ventures III Opportunities Fund 3, L.P. Activant Ventures Advisors III, LLC, Activant Capital Management, LLC, and Mr. Sarracino disclaim beneficial ownership of these securities except to the extent of each person's respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Documents
Issuer
Better Home & Finance Holding Co
CIK 0001835856
Entity typeother
Related Parties
1- filerCIK 0001624037
Filing Metadata
- Form type
- 4/A
- Filed
- Sep 7, 8:00 PM ET
- Accepted
- Sep 8, 9:42 PM ET
- Size
- 45.4 KB