FRATER HUGH R 4

What Happened

• Hugh R. Frater, a director of Better Home & Finance Holding Co. (BETR), made an open-market purchase of 5,150 shares on June 11, 2026 at $24.34 per share for a total of $125,351.
• The filing also shows a June 9, 2026 conversion/exercise of 1,176 restricted stock units (RSUs) into shares (reported at $0.00 per share). The same 1,176-share derivative is listed as a disposition (reported at $0.00) on the Form 4. The RSUs vested on June 9, 2026 (see footnotes).

Key Details

• Purchase: 5,150 shares (open market, code P) on 2026-06-11 at $24.34 — total $125,351.
• Derivative conversion: 1,176 RSUs exercised/converted (code M) on 2026-06-09 at $0.00; the filing also shows a matching 1,176-share derivative disposition reported at $0.00.
• Footnotes: F1 — each RSU equals a contingent right to one Class A share; F2 — RSUs vested on June 9, 2026.
• Filing: Form 4 filed 2026-06-11 for transactions dated 2026-06-09 and 2026-06-11; appears to be filed within the normal reporting window.
• Shares owned after the transactions are not specified in the provided excerpt.

Context

• RSUs converting at $0.00 is typical: RSUs vest and convert into shares without a cash exercise price. The Form 4 records both the conversion event and a related derivative disposition (both at $0.00) — the filing does not explain the disposition further.
• The 5,150-share open-market purchase is a direct purchase by a director (often viewed as more informative than routine option exercises). This summary reports facts from the Form 4 only and does not infer the director’s motives.