Nicholas J. Calamari 4

What Happened
Nicholas J. Calamari, Chief Accounting Officer and Senior Counsel of Better Home & Finance Holding Co (BETR), had restricted stock units (RSUs) convert into shares on Feb 1, 2026. The filing shows 3,166 RSUs converted (reported as M-coded exercise/conversion entries). As part of the vesting/settlement, 1,373 shares were withheld/surrendered to satisfy tax withholding at $30.31 per share, for a total tax payment of $41,616 (F-coded disposition). The underlying conversion is an award vesting event rather than a market buy; the share surrender is routine tax withholding (a form of sale).

Key Details

• Transaction date: 2026-02-01 (Form filed 2026-02-03 — appears timely).
• Conversion/exercise: 3,166 RSUs converted to 3,166 shares (M codes, reported at $0.00).
• Tax withholding: 1,373 shares disposed at $30.31 each, total $41,616 (F code).
• Footnotes: F1 clarifies each RSU = right to one Class A share; F2 lists the RSU vesting schedule (portion vested across July 1, 2025 → March 15, 2026).
• Shares owned after transaction: not provided in the excerpt.
• No 10b5-1 plan or late filing indication in the supplied data.

Context
This was an RSU vesting/settlement event, not an open-market investment decision. Withholding or surrendering shares to cover taxes is common and does not necessarily indicate the insider’s market sentiment. The M transaction codes reflect conversion/exercise of derivative awards (RSUs); the F code reflects tax withholding.