RYAN KEVIN J 4
4 · Better Home & Finance Holding Co · Filed Sep 3, 2025
Insider Transaction Report
Form 4
RYAN KEVIN J
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2025-09-01+4,833→ 56,570 total - Exercise/Conversion
Restricted Stock Units (Class A)
2025-09-01−4,833→ 33,834 total→ Class A Common Stock (4,833 underlying) - Exercise/Conversion
Restricted Stock Units (Class B)
2025-09-01−286→ 574 total→ Class B Common Stock (286 underlying) - Exercise/Conversion
Class B Common Stock
2025-09-01+286→ 14,296 total→ Class A Common Stock (286 underlying) - Tax Payment
Class A Common Stock
2025-09-01$22.63/sh−1,902$43,042→ 54,668 total - Tax Payment
Class B Common Stock
2025-09-01$22.63/sh−113$2,557→ 14,183 total→ Class A Common Stock (113 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B Common Stock.
- [F2]The restricted stock units were granted on March 1, 2022 and will vest subject to both time- and liquidity-based criteria. Under the time-based criteria, 14/48ths of the restricted stock units became vested on the grant date and the remaining restricted stock units will vest in equal 1/48ths of the restricted stock units on the first business day of each month such that the restricted stock units will be fully vested as of July 1, 2025. The liquidity-based criteria was satisfied upon the consummation of the Business Combination.
- [F3]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's founder.
- [F4]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
- [F5]The restricted stock units will vest with respect to (i) 3/12ths of such restricted stock units on July 1, 2025, (ii) 8/12ths of such restricted stock units in equal monthly installments beginning on August 1, 2025 through March 1, 2026, and (iii) the remaining 1/12th of such restricted stock units on March 15, 2026.