Massenet Arnaud 4
4 · Better Home & Finance Holding Co · Filed Aug 24, 2023
Insider Transaction Report
Form 4
Massenet Arnaud
Director
Transactions
- Other
Class A Common Stock
2023-08-22+150,000→ 150,000 total - Other
Warrant (right to buy)
2023-08-22+37,500→ 37,500 totalExercise: $11.50→ Class A Common Stock (37,500 underlying) - Conversion
Class B Ordinary Shares
2023-08-22−1,242,188→ 0 total→ Class A Common Stock (1,242,188 underlying) - Conversion
Class A Common Stock
2023-08-22+1,242,188→ 1,392,188 total - Other
Class A Ordinary Shares
2023-08-22−150,000→ 0 total - Other
Warrant (right to buy)
2023-08-22−37,500→ 0 totalExercise: $11.50→ Class A Common Stock (37,500 underlying)
Footnotes (2)
- [F1]On August 22, 2023, in connection with the completion of the Issuer's (as defined below) initial business combination (the "Business Combination") pursuant to the Agreement and Plan of Merger (as amended, the "Merger Agreement"), dated May 10, 2021, by and among Aurora Acquisition Corp. ("Aurora"), Aurora Merger Sub I, Inc., and Better Holdco Inc., outstanding units of Aurora automatically separated and converted, with each unit converting into one share of the Issuer's Class A common stock and one-quarter of one warrant to purchase shares of common stock of the Issuer (each, an "Issuer Warrant") for no additional consideration. The Issuer Warrants have an exercise price of $11.50 and will expire on August 22, 2028, five years from the completion of the Business Combination, or earlier upon redemption or liquidation. As part of the Business Combination, Aurora changed its name to Better Home & Finance Holding Company (the "Issuer").
- [F2]In connection with the completion of the Business Combination, the Class B ordinary shares of Aurora, par value $0.0001 per share, automatically converted into shares of the Issuer's Class A common stock on a one-for-one basis for no additional consideration.