Smith Chad M. 4

4 · Better Home & Finance Holding Co · Filed Feb 3, 2026

AI-generated summary of this filing

Updated Feb 3, 2026

BETR Pres & COO Chad M. Smith Exercises RSUs and Sells Shares

What Happened

Chad M. Smith, President & COO (Better Mortgage), had 4,833 restricted stock units convert to common shares on Feb 1, 2026 (reported as a derivative conversion/exercise). Of those shares, 1,736 were withheld to satisfy tax obligations at $30.31/share (value $52,618) and the remaining 3,097 shares were sold in an open-market transaction on Feb 3, 2026 at $27.06/share for proceeds of $83,805. The initial conversion shows $0 exercise price, consistent with RSU settlement rather than a stock-option cash exercise.

Key Details

Transaction dates and prices:
- Feb 1, 2026: Conversion of 4,833 RSUs to shares (M) — $0 exercise price.
- Feb 1, 2026: 1,736 shares withheld for taxes (F) at $30.31/share — $52,618.
- Feb 3, 2026: Open-market sale of 3,097 shares (S) at $27.06/share — $83,805.
Shares owned after transaction: Not stated in the provided filing excerpt.
Footnotes: F1 clarifies each restricted stock unit equals a right to one Class A share. F2 describes the RSU vesting schedule (partial vesting July 1, 2025; monthly installments Aug 1, 2025–Mar 1, 2026; final tranche Mar 15, 2026).
Filing timeliness: Form filed Feb 3, 2026 reporting Feb 1 and Feb 3 transactions; no late-filing flag was indicated in the provided data.

Context

This was not a cash purchase; it appears to be an RSU vest-and-settle: RSUs converted to shares (M), shares were withheld to cover taxes (F), and remaining shares were sold in the open market (S). Such transactions are commonly routine (tax withholding/liquidity) rather than a direct signal of a change in insider conviction.

Form 4

Period: 2026-02-01

Pres & COO, Better Mortgage

Transactions

Exercise/Conversion
Class A Common Stock
2026-02-01+4,833→ 4,833 total
Tax Payment
Class A Common Stock
2026-02-01$30.31/sh−1,736$52,618→ 3,097 total
Sale
Class A Common Stock
2026-02-03$27.06/sh−3,097$83,805→ 18,493 total(indirect: By Trust)
Exercise/Conversion
Restricted Stock Units (Class A)
[F1][F2]
2026-02-01−4,833→ 9,667 total
→ Class A Common Stock (4,833 underlying)

Footnotes (2)

[F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
[F2]The restricted stock units will vest with respect to (i) 3/12ths of such restricted stock units on July 1, 2025, (ii) 8/12ths of such restricted stock units in equal monthly installments beginning on August 1, 2025 through March 1, 2026, and (iii) the remaining 1/12th of such restricted stock units on March 15, 2026.

Signature

/s/ Andrew Holt, Attorney-in-Fact|2026-02-03

1 file