Smith Chad M. 4

What Happened

• Chad M. Smith, President & COO of Better Mortgage (a unit of Better Home & Finance Holding Co., ticker BETR), was granted 14,921 shares (restricted stock units) that vested immediately. The filing reports an acquisition value of $14,921.00 per share for a total reported value of $222,636,241. This was an award/grant (Form 4 code A), not an open‑market purchase or sale — i.e., compensation paid in stock rather than a market trade.

Key Details

• Transaction date: 2026-02-11; Filing date: 2026-02-13 (timely filing).
• Reported shares acquired: 14,921 RSUs; reported per-share value: $14,921.00; total reported value: $222,636,241.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: The RSUs were granted and vested immediately.
  • F2: Prior to this transaction, 2,056 shares previously reported as directly held were transferred to the reporting person’s Trust (a change in form of ownership under Rule 16a-13).
• Transaction code: A = Award/Grant.

Context

• This was a compensation award (RSUs that vested immediately), which means Smith received shares as pay/compensation rather than buying them on the open market. Such grants are routine for executives and do not by themselves indicate insider trading sentiment (unlike personal purchases, which some investors view as a stronger bullish signal).
• The transfer of 2,056 shares to a Trust is a change in form of ownership and does not necessarily change the economic interest.