Home/Filings/4/0000950170-24-111938

4//SEC Filing

Sarracino Steven 4

Accession 0000950170-24-111938

CIK 0001835856other

View on SEC.gov Company Profile

Filed

Oct 1, 8:00 PM ET

Accepted

Oct 2, 9:27 PM ET

Size

38.0 KB

Accession

0000950170-24-111938

Insider Transaction Report

Form 4

Period: 2024-09-30

Better Home & Finance Holding CoBETR

Activant Ventures III Opportunities Fund 3, LP

Director10% Owner

Transactions

Purchase
Class B Common Stock
2024-09-30+72,206→ 72,206 total(indirect: See Footnote)
→ Class A Common Stock (72,206 underlying)

Holdings

Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 1, LP)
→ Class A Common Stock (143,035 underlying)
143,035
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 3, LP)
→ Class A Common Stock (17,466 underlying)
17,466
Class B Common Stock
(indirect: By Activant Holdings I, Ltd.)
→ Class A Common Stock (366,788 underlying)
366,788
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)
→ Class A Common Stock (21,603 underlying)
21,603
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 6, LP)
→ Class A Common Stock (122,226 underlying)
122,226
Class B Common Stock
(indirect: By Activant Ventures III, L.P.)
→ Class A Common Stock (526,986 underlying)
526,986
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)
→ Class A Common Stock (28,018 underlying)
28,018

Activant Ventures III Opportunities Fund 1, LP

Director10% Owner

Transactions

Purchase
Class B Common Stock
2024-09-30+72,206→ 72,206 total(indirect: See Footnote)
→ Class A Common Stock (72,206 underlying)

Holdings

Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)
→ Class A Common Stock (21,603 underlying)
21,603
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 3, LP)
→ Class A Common Stock (17,466 underlying)
17,466
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)
→ Class A Common Stock (28,018 underlying)
28,018
Class B Common Stock
(indirect: By Activant Holdings I, Ltd.)
→ Class A Common Stock (366,788 underlying)
366,788
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 1, LP)
→ Class A Common Stock (143,035 underlying)
143,035
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 6, LP)
→ Class A Common Stock (122,226 underlying)
122,226
Class B Common Stock
(indirect: By Activant Ventures III, L.P.)
→ Class A Common Stock (526,986 underlying)
526,986

Activant Ventures III Opportunities Fund 6, LP

Director10% Owner

Transactions

Purchase
Class B Common Stock
2024-09-30+72,206→ 72,206 total(indirect: See Footnote)
→ Class A Common Stock (72,206 underlying)

Holdings

Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 1, LP)
→ Class A Common Stock (143,035 underlying)
143,035
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 3, LP)
→ Class A Common Stock (17,466 underlying)
17,466
Class B Common Stock
(indirect: By Activant Ventures III, L.P.)
→ Class A Common Stock (526,986 underlying)
526,986
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)
→ Class A Common Stock (21,603 underlying)
21,603
Class B Common Stock
(indirect: By Activant Holdings I, Ltd.)
→ Class A Common Stock (366,788 underlying)
366,788
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)
→ Class A Common Stock (28,018 underlying)
28,018
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 6, LP)
→ Class A Common Stock (122,226 underlying)
122,226

Sarracino Steven

Director10% Owner

Transactions

Purchase
Class B Common Stock
2024-09-30+72,206→ 72,206 total(indirect: See Footnote)
→ Class A Common Stock (72,206 underlying)

Holdings

Class B Common Stock
(indirect: By Activant Holdings I, Ltd.)
→ Class A Common Stock (366,788 underlying)
366,788
Class B Common Stock
(indirect: By Activant Ventures III, L.P.)
→ Class A Common Stock (526,986 underlying)
526,986
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)
→ Class A Common Stock (21,603 underlying)
21,603
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 3, LP)
→ Class A Common Stock (17,466 underlying)
17,466
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)
→ Class A Common Stock (28,018 underlying)
28,018
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 1, LP)
→ Class A Common Stock (143,035 underlying)
143,035
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 6, LP)
→ Class A Common Stock (122,226 underlying)
122,226

Activant Ventures III, LP

Director10% Owner

Transactions

Purchase
Class B Common Stock
2024-09-30+72,206→ 72,206 total(indirect: See Footnote)
→ Class A Common Stock (72,206 underlying)

Holdings

Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 1, LP)
→ Class A Common Stock (143,035 underlying)
143,035
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)
→ Class A Common Stock (21,603 underlying)
21,603
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)
→ Class A Common Stock (28,018 underlying)
28,018
Class B Common Stock
(indirect: By Activant Holdings I, Ltd.)
→ Class A Common Stock (366,788 underlying)
366,788
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 3, LP)
→ Class A Common Stock (17,466 underlying)
17,466
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 6, LP)
→ Class A Common Stock (122,226 underlying)
122,226
Class B Common Stock
(indirect: By Activant Ventures III, L.P.)
→ Class A Common Stock (526,986 underlying)
526,986

Activant Holdings I, LTD

Director10% Owner

Transactions

Purchase
Class B Common Stock
2024-09-30+72,206→ 72,206 total(indirect: See Footnote)
→ Class A Common Stock (72,206 underlying)

Holdings

Class B Common Stock
(indirect: By Activant Ventures III, L.P.)
→ Class A Common Stock (526,986 underlying)
526,986
Class B Common Stock
(indirect: By Activant Holdings I, Ltd.)
→ Class A Common Stock (366,788 underlying)
366,788
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 1, LP)
→ Class A Common Stock (143,035 underlying)
143,035
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)
→ Class A Common Stock (21,603 underlying)
21,603
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 3, LP)
→ Class A Common Stock (17,466 underlying)
17,466
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)
→ Class A Common Stock (28,018 underlying)
28,018
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 6, LP)
→ Class A Common Stock (122,226 underlying)
122,226

Activant Ventures III Opportunities Fund 2, LP

Director10% Owner

Transactions

Purchase
Class B Common Stock
2024-09-30+72,206→ 72,206 total(indirect: See Footnote)
→ Class A Common Stock (72,206 underlying)

Holdings

Class B Common Stock
(indirect: By Activant Ventures III, L.P.)
→ Class A Common Stock (526,986 underlying)
526,986
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 3, LP)
→ Class A Common Stock (17,466 underlying)
17,466
Class B Common Stock
(indirect: By Activant Holdings I, Ltd.)
→ Class A Common Stock (366,788 underlying)
366,788
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)
→ Class A Common Stock (21,603 underlying)
21,603
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 6, LP)
→ Class A Common Stock (122,226 underlying)
122,226
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 1, LP)
→ Class A Common Stock (143,035 underlying)
143,035
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)
→ Class A Common Stock (28,018 underlying)
28,018

Activant Ventures III Opportunities Fund 4, LP

Director10% Owner

Transactions

Purchase
Class B Common Stock
2024-09-30+72,206→ 72,206 total(indirect: See Footnote)
→ Class A Common Stock (72,206 underlying)

Holdings

Class B Common Stock
(indirect: By Activant Holdings I, Ltd.)
→ Class A Common Stock (366,788 underlying)
366,788
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 6, LP)
→ Class A Common Stock (122,226 underlying)
122,226
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)
→ Class A Common Stock (21,603 underlying)
21,603
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)
→ Class A Common Stock (28,018 underlying)
28,018
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 1, LP)
→ Class A Common Stock (143,035 underlying)
143,035
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 3, LP)
→ Class A Common Stock (17,466 underlying)
17,466
Class B Common Stock
(indirect: By Activant Ventures III, L.P.)
→ Class A Common Stock (526,986 underlying)
526,986

Activant Ventures Advisors III, LLC

Director10% Owner

Transactions

Purchase
Class B Common Stock
2024-09-30+72,206→ 72,206 total(indirect: See Footnote)
→ Class A Common Stock (72,206 underlying)

Holdings

Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)
→ Class A Common Stock (21,603 underlying)
21,603
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 3, LP)
→ Class A Common Stock (17,466 underlying)
17,466
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)
→ Class A Common Stock (28,018 underlying)
28,018
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 6, LP)
→ Class A Common Stock (122,226 underlying)
122,226
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 1, LP)
→ Class A Common Stock (143,035 underlying)
143,035
Class B Common Stock
(indirect: By Activant Ventures III, L.P.)
→ Class A Common Stock (526,986 underlying)
526,986
Class B Common Stock
(indirect: By Activant Holdings I, Ltd.)
→ Class A Common Stock (366,788 underlying)
366,788

Activant Capital Management, LLC

Director10% Owner

Transactions

Purchase
Class B Common Stock
2024-09-30+72,206→ 72,206 total(indirect: See Footnote)
→ Class A Common Stock (72,206 underlying)

Holdings

Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)
→ Class A Common Stock (21,603 underlying)
21,603
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)
→ Class A Common Stock (28,018 underlying)
28,018
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 6, LP)
→ Class A Common Stock (122,226 underlying)
122,226
Class B Common Stock
(indirect: By Activant Ventures III, L.P.)
→ Class A Common Stock (526,986 underlying)
526,986
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 3, LP)
→ Class A Common Stock (17,466 underlying)
17,466
Class B Common Stock
(indirect: By Activant Ventures III Opportunities Fund 1, LP)
→ Class A Common Stock (143,035 underlying)
143,035
Class B Common Stock
(indirect: By Activant Holdings I, Ltd.)
→ Class A Common Stock (366,788 underlying)
366,788

Footnotes (9)

[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.
[F2]On September 30, 2024, an Activant-affiliated entity entered into a purchase agreement with an unrelated entity to acquire certain portfolio property, which property includes, among other investments, 72,206 shares of Class B Common Stock. Closing is expected to occur on or about October 14, 2024, after which Mr. Sarracino will become a director of the entity. Therefore, Mr. Sarracino may be deemed to have voting and dispositive power over such shares.
[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 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.
[F5]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.
[F6]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.
[F7]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.
[F8]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.
[F9]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.

Documents

1 file

4
ownership.xmlPrimary
4

Issuer

Better Home & Finance Holding Co

CIK 0001835856

→

Entity typeother

Related Parties

filerCIK 0001624037

Filing Metadata

Form type: 4
Filed: Oct 1, 8:00 PM ET
Accepted: Oct 2, 9:27 PM ET
Size: 38.0 KB

View on SEC.gov