Form 4: Better Home & Finance Holding Co: Officer Nicholas Calamari Reports Changes in Beneficial Ownership
SEC Form 4
Nicholas J. Calamari, CAO and Senior Counsel at Better Home & Finance Holding Co, reports changes in beneficial ownership of Class A and Class B Common Stock and Restricted Stock Units.
Summary
- On April 1, 2024, Nicholas J. Calamari reported changes in his beneficial ownership of Better Home & Finance Holding Co stock.
- These changes involve the conversion of Class B Common Stock into Class A Common Stock and adjustments to previously reported holdings.
- The reported amount reflects an adjustment to correct previous filings that underreported the Reporting Person's holdings by 59 shares of Class B Common Stock and overreported the Reporting Person's holdings by 59 shares underlying restricted stock units.
- Calamari directly owns 6,806,657 shares of Class A Common Stock after the reported transactions.
- He 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.
- Calamari also directly owns 509,434 Restricted Stock Units (Class B).
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It assures compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 10/01/2022 | Restricted stock units were granted. |
| 08/22/2023 | Liquidity-based criteria for restricted stock units was satisfied upon consummation of the business combination. |
| 04/01/2024 | Date of earliest transaction reported. |
| 04/03/2024 | Date of signature for the report. |
| 08/01/2025 | Restricted stock units will be fully vested. |
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