Tuffin Paula bought BETR
August 23, 2023 · Form 4 insider transaction
Tuffin Paula bought 822,125 shares of Better Home & Finance Holding Company, a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 216 days after the transaction.
Footnotes
Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person 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 the founder of the Issuer. On August 23, 2023, the reporting person converted 822,125 shares of Class B Common Stock into 822,125 shares of Class A Common Stock.