Smith Chad M. 4
4 · Better Home & Finance Holding Co · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
BETR — Chad M. Smith (Pres & COO) Exercises RSUs, Sells 2,056 Shares
What Happened
Chad M. Smith, President & COO of Better Home & Finance Holding Co. (BETR / Better Mortgage), had 5,000 restricted stock units (RSUs) convert to 5,000 shares on Feb 6, 2026. Of those shares, 2,944 were withheld to satisfy tax withholding obligations (reported at $26.68 each, totaling $78,546) and 2,056 were sold in an open-market sale on Feb 10, 2026 at $27.98 each (proceeds $57,527). Net result: the 5,000 vested shares were fully used for tax withholding and sale — no additional vested shares retained from this grant.
Key Details
- Transaction dates: RSU conversion/vesting on 2026-02-06; tax withholding (share-for-taxes) recorded 2026-02-06; open-market sale on 2026-02-10.
- Prices/values: tax-withheld 2,944 shares @ $26.68 = $78,546 (code F); sale 2,056 shares @ $27.98 = $57,527 (code S). The RSUs converted at $0.00 (code M) as they represent awards, not option purchases.
- Ownership after transaction: the 5,000 vested shares were fully consumed by withholding and sale, so there was no net increase in holdings from this vesting event. The filing does not report a specific total remaining share count on this excerpt.
- Footnotes: F2/F3 confirm these were RSUs (1 RSU = 1 share) granted May 8, 2024 with standard time-based vesting; F1 notes a prior transfer of 3,097 shares from Smith to his Trust (a change in form of ownership).
- Filing timeliness: Form filed 2026-02-10 for a 2026-02-06 transaction (filed within the two-business-day window).
Context
This was a routine vesting and cashless/settlement-type transaction (RSUs converting to shares, with shares withheld for taxes and the remainder sold). Such transactions commonly reflect scheduled compensation vesting and tax withholding rather than discretionary open-market buying or selling driven by personal views on the stock.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-02-06+5,000→ 5,000 total - Tax Payment
Class A Common Stock
2026-02-06$26.68/sh−2,944$78,546→ 2,056 total - Sale
Class A Common Stock
[F1]2026-02-10$27.98/sh−2,056$57,527→ 19,534 total(indirect: By Trust) - Exercise/Conversion
Restricted Stock Units (Class A)
[F2][F3]2026-02-06−5,000→ 45,000 total→ Class A Common Stock (5,000 underlying)
Footnotes (3)
- [F1]The shares of Class A Common Stock held by the reporting person prior to the transaction reported herein reflect a transfer of 3,097 shares previously reported as directly held by the reporting person to the reporting person's Trust, which transfer of shares to the Trust was a change in form of ownership in accordance Rule 16a-13.
- [F2]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F3]The RSUs were granted on May 8, 2024. 25% of the RSUs will vest, subject to the Reporting Person's continued employment, on the 12-month anniversary of the grant date, and the remaining balance of the RSUs will vest in equal quarterly installments over the following 36 months, subject to the Reporting Person's continued employment on each such scheduled vesting date.