Fischer William E III 4
4 · Better Home & Finance Holding Co · Filed Jun 4, 2024
Insider Transaction Report
Form 4
Fischer William E III
Chief Accounting Officer
Transactions
- Exercise/Conversion
Class B Common Stock
2024-06-01+30,813→ 112,279 total→ Class A Common Stock (30,813 underlying) - Tax Payment
Class B Common Stock
2024-06-01$0.33/sh−8,814$2,909→ 103,465 total→ Class A Common Stock (8,814 underlying) - Exercise/Conversion
Restricted Stock Units (Class B)
2024-06-01−30,813→ 338,931 total→ Class B Common Stock (30,813 underlying)
Footnotes (3)
- [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's founder.
- [F2]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class B Common Stock.
- [F3]492,991 RSUs were granted on March 1, 2023. 25% of the RSUs (123,247) vested on the one year anniversary of the grant date (March 1, 2024). The remaining balance of the RSUs will vest in equal quarterly installments from June 1, 2024 to March 1, 2027, subject to the Reporting Person's continued employment on each such scheduled vesting date.