Form 4: Better Home & Finance Holding Co: CAO Nicholas Calamari Reports Stock Transactions

Nicholas J. Calamari, CAO and Senior Counsel of Better Home & Finance Holding Co, reports transactions involving Class A and Class B Common Stock, including conversions and restricted stock unit activity.

Summary

• On March 1, 2025, Nicholas J. Calamari, CAO and Senior Counsel of Better Home & Finance Holding Co, reported transactions involving the company's stock.
• These transactions included the conversion of 637 shares of Class B Common Stock into Class A Common Stock.
• Additionally, 254 shares of Class B Common Stock were disposed of at a price of $11.47.
• Calamari also reported activity related to restricted stock units, with 637 units converted into Class B Common Stock.
• Following these transactions, Calamari directly owns 125,662 shares of Class A Common Stock and 3,188 restricted stock units.
• He also indirectly owns 24,458 shares of Class A Common Stock through the Nicholas J. Calamari Family Trust and another 24,458 shares through the Anika G Austin Descendants Trust.
• The restricted stock units were granted on October 1, 2022, and vest based on timeand liquidity-based criteria, with full vesting expected by August 1, 2025, subject to continued employment.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment. It simply reflects the activity of an insider.

Future Outlook

The document indicates that the remaining restricted stock units will vest in equal 1/48ths on the first business day of each month such that the restricted stock units will be fully vested as of August 1, 2025, subject to the Reporting Person's continued employment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, as mandated by the SEC.
• The vesting schedule of the restricted stock units (granted on October 1, 2022, and vesting until August 1, 2025) is a typical arrangement for employee equity compensation.
• The conversion feature of Class B Common Stock into Class A Common Stock is a governance structure used by some companies to maintain control while raising capital, similar to structures used by companies like Google (Alphabet Inc.) and Meta (Facebook).

Stakeholder Impact

• Shareholders may be interested in these transactions as they provide insight into management's actions regarding the company's stock.
• The vesting of restricted stock units impacts the executive's compensation and alignment with company performance.

Key Dates