Form 4: Better Home & Finance Holding Co: Officer Nicholas Calamari Reports Changes in Beneficial Ownership

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 July 1, 2024, Nicholas J. Calamari, CAO and Senior Counsel of Better Home & Finance Holding Co, reported changes in beneficial ownership.
• These changes involve transactions related to Class A and Class B Common Stock.
• Calamari converted 31,837 shares of Class B Common Stock into Class A Common Stock.
• Additionally, 12,834 shares of Class B Common Stock were disposed of, resulting in a price of $0.453.
• Following these transactions, Calamari directly owns 6,863,606 shares of Class A Common Stock.
• Calamari 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.
• The report also details the vesting of 31,837 restricted stock units (Class B), which were granted on October 1, 2022.
• After the vesting, Calamari directly owns 413,982 restricted stock units (Class B).

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by an officer. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

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.

Management Comments

• The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors. This filing indicates changes in Nicholas Calamari's holdings of Better Home & Finance Holding Co stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, as mandated by the SEC.
• The details provided in this Form 4 are consistent with the level of information typically disclosed in such filings, including transaction dates, types of securities, and ownership details.
• Comparable companies would have similar filings when their officers or directors engage in transactions involving the company's securities.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in ownership structure.
• The vesting of restricted stock units could incentivize the reporting person to continue their employment.

Key Dates