0000950172-24-000319.txt : 20240604 0000950172-24-000319.hdr.sgml : 20240604 20240604163017 ACCESSION NUMBER: 0000950172-24-000319 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240312 FILED AS OF DATE: 20240604 DATE AS OF CHANGE: 20240604 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Valani Riaz CENTRAL INDEX KEY: 0001965769 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40143 FILM NUMBER: 241018598 MAIL ADDRESS: STREET 1: C/O OUSTER, INC. STREET 2: 350 TREAT AVENUE CITY: SAN FRANCISCO STATE: CA ZIP: 94110 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Better Home & Finance Holding Co CENTRAL INDEX KEY: 0001835856 STANDARD INDUSTRIAL CLASSIFICATION: LOAN BROKERS [6163] ORGANIZATION NAME: 02 Finance IRS NUMBER: 933029990 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3 WORLD TRADE CENTER STREET 2: 175 GREENWICH STREET, 57TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10007 BUSINESS PHONE: 646-839-0086 MAIL ADDRESS: STREET 1: 3 WORLD TRADE CENTER STREET 2: 175 GREENWICH STREET, 57TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10007 FORMER COMPANY: FORMER CONFORMED NAME: Aurora Acquisition Corp. DATE OF NAME CHANGE: 20201211 FORMER COMPANY: FORMER CONFORMED NAME: Aurora Capital Holding Corp. DATE OF NAME CHANGE: 20201209 4 1 form4.xml X0508 4 2024-03-12 0001835856 Better Home & Finance Holding Co BETR 0001965769 Valani Riaz C/O BETTER HOME & FINANCE HOLDING CO 3 WORLD TRADE CENTER, 175 GREENWICH ST NEW YORK NY 10007 true true false Class A Common Stock 2024-05-31 4 S 0 100000 0.3304 D 15896739 I By 1/0 Mortgage Investment, LLC Class A Common Stock 2024-05-31 4 S 0 100000 0.3324 D 15796739 I By 1/0 Mortgage Investment, LLC Class A Common Stock 2024-05-31 4 S 0 520422 0.3352 D 15276317 I By 1/0 Mortgage Investment, LLC Class B Common Stock 2024-03-12 4 J 0 879765 D Class A Common Stock 879765 26261863 I By Better Portfolio Holdings 1 LLC Class B Common Stock 2024-03-12 4 J 0 879765 A Class A Common Stock 879765 879765 I By Green Trust Class B Common Stock 2024-03-21 4 J 0 9130932 D Class A Common Stock 9130932 17130931 I By Better Portfolio Holdings 1 LLC Class B Common Stock 2024-03-21 4 J 0 9130932 A Class A Common Stock 9130932 9130932 I By Immediate Family 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. /s/ Riaz Valani 2024-06-03