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Filing Details

Accession Number:: 0000950172-24-000319
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-06-04 16:30:17
Reporting Period:: 2024-03-12

Accepted Time:: 2024-06-04 16:30:17
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1835856	Better Home & Finance Holding Co	BETR	Loan Brokers (6163)	933029990

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1965769	Riaz Valani	C/O Better Home &Amp; Finance Holding Co 3 World Trade Center, 175 Greenwich St New York NY 10007		No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2024-05-31	100,000	$0.33	15,896,739	No	4	S	Indirect	By 1/0 Mortgage Investment, LLC
Class A Common Stock	Disposition	2024-05-31	100,000	$0.33	15,796,739	No	4	S	Indirect	By 1/0 Mortgage Investment, LLC
Class A Common Stock	Disposition	2024-05-31	520,422	$0.34	15,276,317	No	4	S	Indirect	By 1/0 Mortgage Investment, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By 1/0 Mortgage Investment, LLC
No	4	S	Indirect	By 1/0 Mortgage Investment, LLC
No	4	S	Indirect	By 1/0 Mortgage Investment, LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2024-03-12	879,765	$0.00	879,765	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2024-03-12	879,765	$0.00	879,765	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2024-03-21	9,130,932	$0.00	9,130,932	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2024-03-21	9,130,932	$0.00	9,130,932	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
26,261,863	No	4	J	Indirect
879,765	No	4	J	Indirect
17,130,931	No	4	J	Indirect
9,130,932	No	4	J	Indirect

Footnotes

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.33 to $0.3326. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnotes (3) and (4).
Riaz Valani is the beneficiary of family trusts that own Addison Investment Holdings LLC, which has a controlling interest in 1/0 Mortgage Investment, LLC. Mr. Valani is the manager of 1/0 Services LLC, which in turn is the manager of 1/0 Mortgage Investment, LLC. Therefore, Mr. Valani may be deemed the beneficial owner of the shares held by 1/0 Mortgage Investment, LLC. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.3301 to $0.3358.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.33 to $0.3418.
Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock in connection with: (i) any transfer, whether or not for value, except for certain permitted transfers described in the Issuer's amended and restated certificate of incorporation, (ii) such time as the aggregate number of shares of Class B Common Stock outstanding ceases to represent 5% of the aggregate number of shares of Common Stock outstanding, (iii) the vote of 85% of the holders of Class B Common Stock outstanding; and (iv) following the date of the death or permanent disability of Better Holdco's founder.
Reflects a transfer of securities.
Riaz Valani is the beneficiary of family trusts that own Better Portfolio Holdings 1 LLC. Mr. Valani is the manager of Better Portfolio Holdings 1 LLC until June 3, 2024, and therefore, for Section 16 purposes, may be deemed to be a beneficial owner of the securities held by Better Portfolio Holdings 1 LLC until June 3, 2024. Mr. Valani may also be deemed to have investment and voting power over the Issuer securities held directly by the Green Trust and a member of his immediate family. Therefore, Mr. Valani may be deemed the beneficial owner of the shares held directly by the Green Trust and such immediate family member. Mr. Valani disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.