Farello Michael J. 4
Research Summary
AI-generated summary
BETR Director Michael J. Farello Receives 11,327 Shares via RSU Vest
What Happened
Michael J. Farello, a director of Better Home & Finance Holding Co (BETR), reported the vesting and conversion of 11,327 restricted stock units (RSUs) into 11,327 shares on June 9, 2026. The Form 4 shows an acquisition by conversion at $0.00 per share and a corresponding derivative disposition entry for the same number of shares at $0.00. No cash purchase or open-market sale is reported.
Key Details
- Transaction date: June 9, 2026; Form filed June 11, 2026 (appears timely—within two business days).
- Shares acquired by conversion: 11,327 at $0.00 per share (total reported value $0).
- Corresponding derivative disposition: 11,327 at $0.00 (reflects conversion/cancellation of the derivative).
- Shares owned after the transaction: not disclosed in the filing.
- Footnotes: F1 — each RSU equals the right to one Class A common share; F2 — the RSUs vested on June 9, 2026.
Context
This is a vesting/conversion of RSUs, not a cash purchase or market sale. Form shows conversion of a derivative (RSU) into common stock; such filings are routine for equity awards vesting. There is no indication in this filing of an immediate open-market sale or tax withholding transaction.