Smith Chad M. 4

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.