Form 4: Riaz Valani Reports Changes in Beneficial Ownership of Better Home & Finance Holding Co.
SEC Form 4 Filing
Riaz Valani, a director and 10% owner of Better Home & Finance Holding Co., reported changes in his beneficial ownership of Class A and Class B Common Stock due to conversions, as detailed in a Form 4 filing with the SEC.
Summary
- Riaz Valani, a director and 10% owner of Better Home & Finance Holding Co., filed a Form 4 with the SEC.
- The filing reports changes in beneficial ownership of Class A and Class B Common Stock.
- On May 15, 2024, 9,130,932 shares of Class A Common Stock were acquired through conversion.
- On May 17, 2024, 879,765 shares of Class A Common Stock were acquired through conversion.
- Valani's indirect ownership includes shares held by immediate family, Green Trust, and 1/0 Mortgage Investment, LLC.
- Valani disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document 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.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | 9,130,932 shares of Class A Common Stock acquired through conversion. |
| 05/17/2024 | 879,765 shares of Class A Common Stock acquired through conversion. |
| 06/03/2024 | Riaz Valani ceases to be the manager of Better Portfolio Holdings 1 LLC. |
| 09/06/2024 | Date of signature on the Form 4 filing. |
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