Form 4: Better Home & Finance Holding Co: Officer Nicholas J. Calamari Reports Transaction in Class A and Class B Common Stock
SEC Form 4 Filing
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 disposals, as per Form 4 filing.
Summary
- Nicholas J. Calamari, CAO and Senior Counsel of Better Home & Finance Holding Co, filed a Form 4 detailing changes in beneficial ownership.
- On February 1, 2025, Calamari converted 637 shares of Class B Common Stock into Class A Common Stock.
- Also on February 1, 2025, Calamari disposed of 294 shares of Class B Common Stock at a price of $10.18.
- Following these transactions, Calamari directly owns 125,573 shares of Class A Common Stock and 125,279 shares of Class B Common Stock.
- Calamari also indirectly owns 24,458 shares of Class A Common Stock through the Nicholas J. Calamari Family Trust and 24,458 shares through the Anika G Austin Descendants Trust.
- Additionally, Calamari owns 3,825 Restricted Stock Units (Class B).
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock transactions by an officer. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
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.
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 the transactions of a key officer in the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of company leadership.
- The filing ensures transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| October 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 1, 2025 | Date of reported transactions: conversion and disposal of Class B Common Stock. |
| August 1, 2025 | Restricted stock units will be fully vested, subject to continued employment. |
| February 4, 2025 | Date of Limited Power of Attorney execution. |
Keywords
Form 4, Beneficial Ownership, Class A Common Stock, Class B Common Stock, Nicholas J. Calamari, Better Home & Finance Holding Co, Stock Transaction, Restricted Stock Units, Conversion, Disposition
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.