Paula Tuffin Form 4 Better Home & Finance Holding / Paula Tuffin ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Tuffin Paula

(Last)

(First)

(Middle)

C/O BETTER HOME & FINANCE HOLDING CO

3 WORLD TRADE CENTER, 175 GREENWICH ST

(Street)

NEW YORK

10007

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Better Home & Finance Holding Co [ BETR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
General Counsel and CCO

3. Date of Earliest Transaction (Month/Day/Year)
11/07/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	02/01/2024		M		129,600	A	$0	129,600	D
Class A Common Stock	02/01/2024		F		46,723	D	$0.62	82,877	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽¹⁾	11/07/2023		F			356,703⁽²⁾	⁽¹⁾	⁽¹⁾	Class A Common Stock	356,703	$0.444	911,640	D
Class B Common Stock	⁽¹⁾	11/07/2023		F			13,200⁽²⁾	⁽¹⁾	⁽¹⁾	Class A Common Stock	13,200	$0.444	898,440	D
Class B Common Stock	⁽¹⁾	11/20/2023		A		17,440⁽³⁾		⁽¹⁾	⁽¹⁾	Class A Common Stock	17,440	$0	915,880	D
Class B Common Stock	⁽¹⁾	11/20/2023		F			11,481⁽²⁾	⁽¹⁾	⁽¹⁾	Class A Common Stock	11,481	$0.413	904,399	D
Class B Common Stock	⁽¹⁾	11/20/2023		F			11,481⁽²⁾	⁽¹⁾	⁽¹⁾	Class A Common Stock	11,481	$0.413	892,918	D
Class B Common Stock	⁽¹⁾	12/01/2023		F			16,255⁽²⁾	⁽¹⁾	⁽¹⁾	Class A Common Stock	16,255	$0.4531	876,663	D
Class B Common Stock	⁽¹⁾	01/01/2024		F			13,287⁽²⁾	⁽¹⁾	⁽¹⁾	Class A Common Stock	13,287	$0.817	863,376	D
Class B Common Stock	⁽¹⁾	02/01/2024		M⁽⁴⁾		31,837		⁽¹⁾	⁽¹⁾	Class A Common Stock	31,837	$0	895,213	D
Class B Common Stock	⁽¹⁾	02/01/2024		F			11,481	⁽¹⁾	⁽¹⁾	Class A Common Stock	11,481	$0.62	883,732	D
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽¹⁾	Class A Common Stock	822,125		822,125	I	By Technology Stock Holding Master Trust/Series Tuffin 2021 Trust⁽⁵⁾
Restricted Stock Units (Class B)	⁽⁴⁾	02/01/2024		M⁽⁴⁾			31,837	⁽⁶⁾	⁽⁶⁾	Class B Common Stock	31,837	$0	573,167	D
Restricted Stock Units (Class A)	⁽⁷⁾	02/01/2024		A		129,600		⁽⁸⁾	⁽⁸⁾	Class A Common Stock	129,600	$0	129,600	D
Restricted Stock Units (Class A)	⁽⁷⁾	02/01/2024		M			129,600	⁽⁸⁾	⁽⁸⁾	Class A Common Stock	129,600	$0	0	D

Explanation of Responses:

1. 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 Better HoldCo, Inc.'s founder.

2. Consists of shares of Class B Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of previously granted and reported restricted stock units representing the right to receive one share of Class B Common Stock, which were inadvertently omitted in prior Form 4 filings between August 24, 2023 and January 2, 2024.

3. Reflects shares of Class B Common Stock issued to the Reporting Person as a correction for the number of shares withheld for tax purposes in connection with the August 22, 2023 vesting event.

4. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class B Common Stock.

5. The Reporting Person is the controlling party of Technology Stock Holding Master Trust/Series Tuffin 2021 Trust. Therefore, the Reporting Person may be deemed to have voting power and dispositive power over the shares held by Technology Stock Holding Master Trust/Series Tuffin 2021 Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

6. The restricted stock units were granted on October 1, 2022 and will vest subject to both time- and liquidity-based criteria. Under the time-based criteria, the Reporting Person was vested in 14/48ths of the restricted stock units on the grant date and the remaining restricted stock units will vest in equal 1/48ths of the restricted stock units on the first business day of each month such that the restricted stock units will be fully vested as of July 1, 2025, subject to the Reporting Person's continued employment. The liquidity-based criteria was satisfied on August 22, 2023 upon the consummation of the business combination between the Issuer (f/k/a Aurora Acquisition Corp), Aurora Merger Sub I, Inc. and Better HoldCo, Inc.

7. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.

8. The restricted stock units were granted and became fully vested on February 1, 2024.

Remarks:

	/s/ Max Goodman, Attorney-in-Fact	02/05/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Paula Tuffin Form 4Better Home & Finance Holding / Paula Tuffin ownership change