Smith Chad M.

Smith Chad M., President and COO of Better Mortgage, has filed 48 Form 4 transactions, all in a single ticker: BETR. The pattern is unambiguous: zero open-market purchases and a consistent stream of sales. Across all filings, his total open-market sell value reached $1,216,401.58, while his total acquired value—dominated by a single grant—was $222,636,241. That grant, a February 11, 2026 award (code "A") valued at $222.6 million, dwarfs all other activity and is compensation, not a conviction buy. The recent trading cadence reinforces the sell-side bias. Between January 6 and May 8, 2026, Smith executed at least 12 open-market sales (code "S") in BETR, ranging from small amounts like $3,703.31 on May 8 to larger blocks such as $178,131.22 on January 15 and $150,180.55 on February 17. Interspersed are automatic, non-discretionary events: option exercises (code "M") valued at $0, and shares withheld for taxes (code "F") totaling roughly $600,000 across the period. The sales cluster around vesting dates, with notable activity on March 16–17 and February 17, suggesting routine monetization of equity compensation rather than a one-off event. No purchases appear anywhere in the record, and the most recent filings—three separate sales on May 8, 2026—show continued liquidation even as the stock trades under the BETR ticker.