4//SEC Filing
Valani Riaz 4
Accession 0000950170-24-104274
CIK 0001835856other
Filed
Sep 5, 8:00 PM ET
Accepted
Sep 6, 12:04 PM ET
Size
15.4 KB
Accession
0000950170-24-104274
Insider Transaction Report
Form 4
Valani Riaz
Director10% Owner
Transactions
- Conversion
Class A Common Stock
2024-05-17+879,765→ 879,765 total(indirect: By Trust) - Conversion
Class A Common Stock
2024-05-15+9,130,932→ 9,130,932 total(indirect: By Immediate Family) - Conversion
Class B Common Stock
2024-05-15−9,130,932→ 0 total(indirect: By Immediate Family)→ Class A Common Stock (9,130,932 underlying) - Conversion
Class B Common Stock
2024-05-17−879,765→ 0 total(indirect: By Trust)→ Class A Common Stock (879,765 underlying)
Holdings
- 17,993,370(indirect: By LLC)
Class A Common Stock
- 17,130,931(indirect: By LLC)
Class B Common Stock
→ Class A Common Stock (17,130,931 underlying)
Footnotes (3)
- [F1]Each share of Class B Common Stock is convertible at any time at the option of the holder 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.
- [F2]Riaz Valani is the beneficiary of family trusts that own Better Portfolio Holdings 1 LLC. Mr. Valani is the manager of Better Portfolio Holdings 1 LLC until June 3, 2024, and therefore, for Section 16 purposes, may be deemed to be a beneficial owner of the securities held by Better Portfolio Holdings 1 LLC until June 3, 2024. Mr. Valani may also be deemed to have investment and voting power over the Issuer securities held directly by the Green Trust and a member of his immediate family. Therefore, Mr. Valani may be deemed the beneficial owner of the shares held directly by the Green Trust and such immediate family member. Mr. Valani disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
- [F3]Riaz Valani is the beneficiary of family trusts that own Addison Investment Holdings LLC, which has a controlling interest in 1/0 Mortgage Investment, LLC. Mr. Valani is the manager of 1/0 Services LLC, which in turn is the manager of 1/0 Mortgage Investment, LLC. Therefore, Mr. Valani may be deemed the beneficial owner of the shares held by 1/0 Mortgage Investment, LLC. Mr. Valani disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities 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 0001965769
Filing Metadata
- Form type
- 4
- Filed
- Sep 5, 8:00 PM ET
- Accepted
- Sep 6, 12:04 PM ET
- Size
- 15.4 KB