Sarracino Steven 4

Accession 0001628280-23-030580

CIK 0001835856other

View on SEC.gov Company Profile

Filed

Aug 23, 8:00 PM ET

Accepted

Aug 24, 9:45 PM ET

Size

28.8 KB

Accession

0001628280-23-030580

Insider Transaction Report

Form 4

Period: 2023-08-22

Better Home & Finance Holding CoBETR

Sarracino Steven

Director10% Owner

Transactions

Award
Class B Common Stock
2023-08-22+7,151,754→ 7,151,754 total(indirect: By Activant Ventures III Opportunities Fund 1, LP)
→ Class A Common Stock (7,151,754 underlying)
Award
Class B Common Stock
2023-08-22+1,400,933→ 1,400,933 total(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)
→ Class A Common Stock (1,400,933 underlying)
Award
Class B Common Stock
2023-08-22+6,111,340→ 6,111,340 total(indirect: By Activant Ventures III Opportunities Fund 6, LP)
→ Class A Common Stock (6,111,340 underlying)
Award
Class B Common Stock
2023-08-22+873,305→ 873,305 total(indirect: By Activant Ventures III Opportunities Fund 3, LP)
→ Class A Common Stock (873,305 underlying)
Award
Class B Common Stock
2023-08-22+18,339,423→ 18,339,423 total(indirect: By Activant Holdings I, Ltd.)
→ Class A Common Stock (18,339,423 underlying)
Award
Class B Common Stock
2023-08-22+1,080,188→ 1,080,188 total(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)
→ Class A Common Stock (1,080,188 underlying)
Award
Class B Common Stock
2023-08-22+26,349,310→ 26,349,310 total(indirect: By Activant Ventures III, L.P.)
→ Class A Common Stock (26,349,310 underlying)

Activant Ventures III, LP

Director10% Owner

Transactions

Award
Class B Common Stock
2023-08-22+18,339,423→ 18,339,423 total(indirect: By Activant Holdings I, Ltd.)
→ Class A Common Stock (18,339,423 underlying)
Award
Class B Common Stock
2023-08-22+873,305→ 873,305 total(indirect: By Activant Ventures III Opportunities Fund 3, LP)
→ Class A Common Stock (873,305 underlying)
Award
Class B Common Stock
2023-08-22+1,400,933→ 1,400,933 total(indirect: By Activant Ventures III Opportunities Fund 4, L.P.)
→ Class A Common Stock (1,400,933 underlying)
Award
Class B Common Stock
2023-08-22+7,151,754→ 7,151,754 total(indirect: By Activant Ventures III Opportunities Fund 1, LP)
→ Class A Common Stock (7,151,754 underlying)
Award
Class B Common Stock
2023-08-22+1,080,188→ 1,080,188 total(indirect: By Activant Ventures III Opportunities Fund 2, L.P.)
→ Class A Common Stock (1,080,188 underlying)
Award
Class B Common Stock
2023-08-22+6,111,340→ 6,111,340 total(indirect: By Activant Ventures III Opportunities Fund 6, LP)
→ Class A Common Stock (6,111,340 underlying)
Award
Class B Common Stock
2023-08-22+26,349,310→ 26,349,310 total(indirect: By Activant Ventures III, L.P.)
→ Class A Common Stock (26,349,310 underlying)

Footnotes (15)

[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.
[F10]Activant Ventures III Opportunities Fund 4, L.P. received 1,400,933 shares of Class B Common Stock of the Issuer in exchange for 458,335 shares of Class B Common Stock of Better Holdco pursuant to the Merger Agreement. Please see footnote 1 of this Form 4 for further details.
[F11]The Reporting Person is the controlling shareholder of Activant Ventures III Opportunities Fund 4, L.P. Therefore, the Reporting Person may be deemed to have voting power and dispositive power over the shares held by Activant Ventures III Opportunities Fund 4, L.P. The Reporting Person 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.
[F12]Activant Ventures III Opportunities Fund 6, LP received 6,111,340 shares of Class B Common Stock of the Issuer in exchange for 1,999,411 shares of Series D Preferred Stock of Better Holdco pursuant to the Merger Agreement. Please see footnote 1 of this Form 4 for further details.
[F13]The Reporting Person is the controlling shareholder of Activant Ventures III Opportunities Fund 6, LP. Therefore, the Reporting Person may be deemed to have voting power and dispositive power over the shares held by Activant Ventures III Opportunities Fund 6, LP. The Reporting Person 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.
[F14]Activant Ventures III, L.P. received 26,349,310 shares of Class B Common Stock of the Issuer in exchange for 173,866 shares of Class B Common Stock, 788,122 shares of Class O Common Stock, 611,720 shares of Series A Preferred Stock, 6,434,441 shares of Series C Preferred Stock and 612,378 shares of Series D Preferred Stock of Better Holdco pursuant to the Merger Agreement. Please see footnote 1 of this Form 4 for further details.
[F15]The Reporting Person is the controlling shareholder of Activant Ventures III, L.P. Therefore, the Reporting Person may be deemed to have voting power and dispositive power over the shares held by Activant Ventures III, L.P. The Reporting Person 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.
[F2]Activant Holdings I, Ltd. received 18,339,423 shares of Class B Common Stock of the Issuer in exchange for 6,000,000 shares of Series A Preferred Stock of Better Holdco, Inc. ("Better Holdco"), a Delaware corporation, pursuant to the Agreement and Plan of Merger, dated as of May 10, 2021 (as amended, the "Merger Agreement"), by and among Aurora Acquisition Corp, a Cayman Islands exempted company ("Aurora" and, following the Business Combination, the "Issuer"), Aurora Merger Sub I, Inc. a Delaware corporation and a direct wholly owned subsidiary of Aurora, and Better Holdco. Upon consummation of the business combination contemplated by the Merger Agreement (the "Business Combination"), as described on the Form S-4 (File No. 333-258423) filed by Aurora with the U.S. Securities and Exchange Commission and declared effective on July 27, 2023, the surviving entity of the Business Combination, the "Issuer", was renamed "Better Home & Finance Holding Company".
[F3]The Reporting Person is the controlling shareholder of Activant Holdings I, Ltd. Therefore, the Reporting Person may be deemed to have voting and dispositive power over the shares held by Activant Holdings I, Ltd. The Reporting Person 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 III Opportunities Fund 1, LP received 7,151,754 shares of Class B Common Stock of the Issuer in exchange for 2,339,797 shares of Series C Preferred Stock of Better Holdco pursuant to the Merger Agreement. Please see footnote 1 of this Form 4 for further details.
[F5]The Reporting Person is the controlling shareholder of Activant Ventures III Opportunities Fund 1, LP. Therefore, the Reporting Person may be deemed to have voting power and dispositive power over the shares held by Activant Ventures III Opportunities Fund 1, LP. The Reporting Person 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.
[F6]Activant Ventures III Opportunities Fund 2, L.P. received 1,080,188 shares of Class B Common Stock of the Issuer in exchange for 353,399 shares of Series D Preferred Stock of Better Holdco pursuant to the Merger Agreement. Please see footnote 1 of this Form 4 for further details.
[F7]The Reporting Person is the controlling shareholder of Activant Ventures III Opportunities Fund 2, L.P. Therefore, the Reporting Person may be deemed to have voting power and dispositive power over the shares held by Activant Ventures III Opportunities Fund 2, L.P. The Reporting Person 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.
[F8]Activant Ventures III Opportunities Fund 3, LP received 873,305 shares of Class B Common Stock of the Issuer in exchange for 285,714 shares of Series A Preferred Stock of Better Holdco pursuant to the Merger Agreement. Please see footnote 1 of this Form 4 for further details.
[F9]The Reporting Person is the controlling shareholder of Activant Ventures III Opportunities Fund 3, LP. Therefore, the Reporting Person may be deemed to have voting power and dispositive power over the shares held by Activant Ventures III Opportunities Fund 3, LP. The Reporting Person 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.

Documents

1 file

4
wk-form4_1692927912.xmlPrimary
FORM 4

Issuer

Better Home & Finance Holding Co

CIK 0001835856

→

Entity typeother

Related Parties

filerCIK 0001624037

Filing Metadata

Form type: 4
Filed: Aug 23, 8:00 PM ET
Accepted: Aug 24, 9:45 PM ET
Size: 28.8 KB

View on SEC.gov