Form 4: Better Home & Finance Holding Co: CFO Kevin Ryan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chief Financial Officer Kevin Ryan reports changes in beneficial ownership of Better Home & Finance Holding Co. securities, including conversions and vesting of restricted stock units.
Summary
- Kevin Ryan, the Chief Financial Officer of Better Home & Finance Holding Co., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The transactions occurred on March 1, 2025.
- Ryan converted 287 shares of Class B Common Stock into Class A Common Stock.
- He also had 113 shares of Class B Common Stock disposed of at a price of $11.47.
- Additionally, 287 restricted stock units (Class B) vested.
- Following these transactions, Ryan directly owns 13,950 shares of Class A Common Stock and 13,837 shares of Class B Common Stock, as well as 1,146 restricted stock units (Class B).
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| March 1, 2022 | Restricted stock units were granted. |
| August 22, 2023 | Liquidity-based criteria for restricted stock units was satisfied upon consummation of the business combination. |
| February 27, 2025 | Date of Limited Power of Attorney. |
| March 1, 2025 | Date of transactions: conversion of Class B to Class A, disposal of Class B shares, and vesting of restricted stock units. |
| March 1, 2026 | Restricted stock units will be fully vested. |
| March 4, 2025 | Date of signature for the Form 4 filing. |
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