Form 4: Better Home & Finance Holding Co: CFO Kevin J Ryan Reports Transaction

Chief Financial Officer Kevin J Ryan reports a transaction involving Class B Common Stock of Better Home & Finance Holding Co.

Summary

• On September 1, 2023, Kevin J Ryan, the CFO of Better Home & Finance Holding Co., acquired 5,829 shares of Class B Common Stock.
• These shares were issued as a correction for the number of shares withheld for tax purposes related to a vesting event on the same date.
• Following the reported transaction, Ryan beneficially owns 657,233 shares of Class A Common Stock directly.
• Each share of Class B Common Stock is convertible into one share of Class A Common Stock and has no expiration date.
• The Class B Common Stock will automatically convert to Class A Common Stock under certain conditions, including transfer, when Class B shares represent less than 5% of total common stock, a vote of 85% of Class B holders, or following the death or permanent disability of the founder of Better.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to executive compensation and stock ownership.

Key Dates