Form 4: Better Home & Finance Holding Co: CAO Nicholas J. Calamari Reports Stock Transactions
SEC Form 4
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 vesting of restricted stock units.
Summary
- On May 1, 2025, Nicholas J. Calamari, CAO and Senior Counsel of Better Home & Finance Holding Co, reported transactions involving the company's stock.
- Calamari converted 637 shares of Class B Common Stock into Class A Common Stock.
- He also had 257 shares of Class B Common Stock disposed of at a price of $14.95.
- Additionally, 637 Restricted Stock Units (Class B) vested.
- Following these transactions, Calamari directly owns 126,422 shares of Class A Common Stock and 1,914 Restricted Stock Units (Class B).
- 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 subject to timeand liquidity-based criteria, with full vesting expected by August 1, 2025, subject to continued employment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The remaining restricted stock units will vest in equal 1/48ths of the restricted stock units 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 Persons continued employment.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares of Class A and Class B Common Stock.
Key Dates
| Date | Description |
|---|---|
| 2022-10-01 | Restricted stock units were granted. |
| 2023-08-22 | Liquidity-based criteria for restricted stock units satisfied. |
| 2025-05-01 | Date of reported stock transactions. |
| 2025-08-01 | Expected date of full vesting of restricted stock units. |
| 2025-05-05 | Date of signature on the form. |
Keywords
Form 4, insider trading, stock transaction, Class B Common Stock, Class A Common Stock, restricted stock units, BETR, Better Home & Finance Holding Co, Nicholas J. Calamari
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