Form 4: Better Home & Finance Holding Co: CAO Nicholas Calamari Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Nicholas Calamari, CAO and Senior Counsel of Better Home & Finance Holding Co, reports transactions involving Class A and Class B Common Stock, including conversions and vesting of restricted stock units.
Summary
- Nicholas J. Calamari, the CAO and Senior Counsel of Better Home & Finance Holding Co, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On March 1, 2024, Calamari converted 31,837 shares of Class B Common Stock into Class A Common Stock.
- He also disposed of 12,833 shares of Class B Common Stock.
- Following these transactions, Calamari directly owns 6,782,943 shares of Class B Common Stock.
- He also indirectly owns 1,222,903 shares of Class A Common Stock through the Nicholas J. Calamari Family Trust and another 1,222,903 shares through the Anika G Austin Descendants Trust.
- Additionally, Calamari directly owns 541,330 Restricted Stock Units (Class B).
- The restricted stock units were granted on October 1, 2022, and vest subject to timeand liquidity-based criteria, with full vesting expected by August 1, 2025, contingent upon continued employment.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It simply reports transactions and doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of key personnel.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The vesting schedule of restricted stock units incentivizes continued employment of the CAO.
Key Dates
| Date | Description |
|---|---|
| 2022-10-01 | Date restricted stock units were granted. |
| 2023-08-22 | Liquidity-based criteria for restricted stock units satisfied upon consummation of business combination. |
| 2024-03-01 | Date of transactions reported in Form 4. |
| 2025-08-01 | Expected date of full vesting of restricted stock units. |
| 2024-03-05 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.