Smith Chad M. 4
4 · Better Home & Finance Holding Co · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
BETR President & COO Chad M. Smith Sells 12,995 Shares
What Happened Chad M. Smith, President & COO (Better Mortgage) of Better Home & Finance Holding Co (BETR), disposed of a total of 12,995 shares on Feb 17, 2026. Of those, 6,995 shares were withheld to cover taxes on vesting restricted stock units (valued at $29.11 each, $203,624 total) and 6,000 shares were sold in open‑market transactions for combined proceeds of $180,448 (5,004 shares at a weighted avg ~$30.01 for $150,181; 996 shares at a weighted avg ~$30.39 for $30,267). Combined reported value for the disposed shares is about $384,072. These actions are sales/withholding (not purchases).
Key Details
- Transaction date: 2026-02-17; Form filed 2026-02-18 (timely).
- Withholding (code F): 6,995 shares withheld to pay taxes on RSUs originally granted Feb 11, 2026; withholding price reported at $29.11/share (total $203,624).
- Open‑market sales (code S): 5,004 shares at weighted avg ~$30.01 (range $29.29–$30.17) for $150,181; 996 shares at weighted avg ~$30.39 (range $30.28–$30.43) for $30,267. Reporting person can provide breakdown of exact per‑trade prices on request (per footnotes).
- Shares owned after transaction: Not reported in the Form 4 provided.
- No indication of a 10b5‑1 plan or gift; transaction codes are F (tax withholding) and S (sale).
Context
- The 6,995‑share withholding is a routine tax withholding upon RSU vesting (not a market sale by choice). The remaining 6,000 shares were sold in open market trades the same day.
- Such filings are factual records of insider dispositions; they do not by themselves reveal the insider’s motivation.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-02-17$29.11/sh−6,995$203,624→ 7,926 total - Sale
Class A Common Stock
[F2]2026-02-17$30.01/sh−5,004$150,181→ 16,586 total(indirect: By Trust) - Sale
Class A Common Stock
[F3]2026-02-17$30.39/sh−996$30,267→ 15,590 total(indirect: By Trust)
Footnotes (3)
- [F1]Represents shares of common stock withheld to pay taxes upon vesting of restricted stock units originally granted to the Reporting Person on February 11, 2026. The number of shares withheld was determined on February 17, 2026 based on the closing price of the Issuer's Class A common stock on February 11, 2026.
- [F2]The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $29.29 to $30.17 per share. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F3]The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $30.28 to $30.43 per share. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.