Earnings Feed
Start Free
Better Home & Finance Holding Co·4

Mar 17, 6:30 PM ET

Smith Chad M. 4

Research Summary

AI-generated summary

Updated

Better Home (BETR) COO Chad M. Smith Exercises RSUs, Sells Shares

What Happened

  • Chad M. Smith, President & COO of Better Mortgage (Better Home & Finance Holding Co., ticker BETR), converted 4,834 restricted stock units (RSUs) on March 15, 2026 (reported as an exercise/conversion, $0 exercise price). Following vesting, he had shares withheld to pay taxes and completed open‑market sales. In total, 9,667 shares were disposed or withheld (2,266 + 2,460 withheld for taxes; 2,567 + 2,374 sold in the open market) for combined proceeds/value of approximately $303,491. The RSU conversion itself shows no cash paid (typical for RSUs).

Key Details

  • Transaction dates and amounts:
    • 2026-03-15: Exercise/conversion of 4,834 RSUs (M) — acquired at $0.
    • 2026-03-13: 2,266 shares withheld for taxes (F) at $32.90 — $74,551.
    • 2026-03-16: Open‑market sale of 2,567 shares (S) — weighted avg $29.80 (range $29.70–$30.04) — $76,503.
    • 2026-03-16: 2,460 shares withheld for taxes (F) at $34.45 — $84,747.
    • 2026-03-17: Open‑market sale of 2,374 shares (S) at $28.51 (weighted avg; range $28.20–$28.77) — $67,690.
  • Total shares disposed/withheld (excluding the RSU line duplication): 9,667 shares; total reported value/proceeds ≈ $303,491.
  • Footnotes: tax withholding relates to RSU vesting (vest dates March 1 and March 15, 2026) and sale price lines are weighted averages with price ranges provided (see F1–F4, F5–F6 for RSU terms and vesting schedule).
  • Shares owned after transaction: Not specified in the provided excerpt of the filing.
  • Filing timeliness: Report filed March 17, 2026 for transactions occurring March 13–17, 2026; no late‑filing flag noted.

Context

  • These transactions are largely routine following RSU vesting: RSUs were converted to shares (no exercise cost) and some shares were withheld to cover taxes (F codes), while other shares were sold in the open market (S codes). The filing also shows a derivative conversion entry (M) for the RSUs; where shares are immediately sold or withheld after vesting, that is typically a cashless/settlement routine rather than an independent purchase decision.