4//SEC Filing
Fischer William E III 4
Accession 0001628280-24-039441
CIK 0001835856other
Filed
Sep 3, 8:00 PM ET
Accepted
Sep 4, 8:33 PM ET
Size
11.5 KB
Accession
0001628280-24-039441
Insider Transaction Report
Form 4
Fischer William E III
Chief Accounting Officer
Transactions
- Exercise/Conversion
Class B Common Stock
2024-09-01+616→ 2,685 total→ Class A Common Stock (616 underlying) - Tax Payment
Class B Common Stock
2024-09-01$15.74/sh−177$2,786→ 2,508 total→ Class A Common Stock (177 underlying) - Exercise/Conversion
Restricted Stock Units (Class B)
2024-09-01−616→ 6,162 total→ Class B Common Stock (616 underlying)
Footnotes (4)
- [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]On August 16, 2024, Better Home & Finance Holding Company effected a 1-for-50 reverse stock split of its common stock resulting in every 50 shares of common stock being converted into one share of common stock. Proportionate adjustments were made to the number of shares issuable under equity awards outstanding under the company's equity incentive plans as well as the exercise price, as applicable, of such equity awards.
- [F4]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.
Documents
Issuer
Better Home & Finance Holding Co
CIK 0001835856
Entity typeother
Related Parties
1- filerCIK 0002022938
Filing Metadata
- Form type
- 4
- Filed
- Sep 3, 8:00 PM ET
- Accepted
- Sep 4, 8:33 PM ET
- Size
- 11.5 KB