4//SEC Filing
NEWMAN HOWARD H 4
Accession 0001209191-23-047277
CIK 0001835856other
Filed
Aug 23, 8:00 PM ET
Accepted
Aug 24, 9:05 PM ET
Size
16.7 KB
Accession
0001209191-23-047277
Insider Transaction Report
Form 4
PBRA, LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2023-08-22+49,783,028→ 49,783,028 total(indirect: By Pine Brook Capital Partners II, L.P.) - Conversion
Class B Common Stock
2023-08-22−49,783,028→ 0 total(indirect: By Pine Brook Capital Partners II, L.P.)→ Class A Common Stock (49,783,028 underlying)
Pine Brook Road Associates II, L.P.
10% Owner
Transactions
- Conversion
Class B Common Stock
2023-08-22−49,783,028→ 0 total(indirect: By Pine Brook Capital Partners II, L.P.)→ Class A Common Stock (49,783,028 underlying) - Conversion
Class A Common Stock
2023-08-22+49,783,028→ 49,783,028 total(indirect: By Pine Brook Capital Partners II, L.P.)
NEWMAN HOWARD H
10% Owner
Transactions
- Conversion
Class B Common Stock
2023-08-22−49,783,028→ 0 total(indirect: By Pine Brook Capital Partners II, L.P.)→ Class A Common Stock (49,783,028 underlying) - Conversion
Class A Common Stock
2023-08-22+49,783,028→ 49,783,028 total(indirect: By Pine Brook Capital Partners II, L.P.)
Pine Brook Road Advisors, L.P.
10% Owner
Transactions
- Conversion
Class B Common Stock
2023-08-22−49,783,028→ 0 total(indirect: By Pine Brook Capital Partners II, L.P.)→ Class A Common Stock (49,783,028 underlying) - Conversion
Class A Common Stock
2023-08-22+49,783,028→ 49,783,028 total(indirect: By Pine Brook Capital Partners II, L.P.)
Pine Brook Capital Partners II, L.P.
10% Owner
Transactions
- Conversion
Class B Common Stock
2023-08-22−49,783,028→ 0 total(indirect: By Pine Brook Capital Partners II, L.P.)→ Class A Common Stock (49,783,028 underlying) - Conversion
Class A Common Stock
2023-08-22+49,783,028→ 49,783,028 total(indirect: By Pine Brook Capital Partners II, L.P.)
Footnotes (3)
- [F1]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: (i) in connection with any transfer, whether or not for value, except for certain permitted transfers described in the Issuer's amended and restated certificate of incorporation, (ii) on the trading day falling on or immediately after the date on which 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, (continued in Footnote 2)
- [F2](Continued from Footnote 1) (iii) on the trading day falling on or immediately after the affirmative vote of 85% of the voting power of the then outstanding shares of Class B Common Stock, voting as a single class; and (iv) on any trading day specified by the board of directors of Better Home & Finance Holding Company ("Better") no less than sixty nor more than 180 days following the date of the death or permanent disability of Better's founder.
- [F3]Pine Brook Road Associates II, L.P. ("PBRA II") is the general partner of Pine Brook Capital Partners II, L.P. PBRA, LLC is the general partner of PBRA II. Pine Brook Road Advisors, L.P. controls the investment advisor of Pine Brook Capital Partners II, L.P. PBRA, LLC is the general partner of Pine Brook Road Advisors, L.P. Howard Newman is the managing member of PBRA, LLC. Each of the Reporting Persons 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.
Documents
Issuer
Better Home & Finance Holding Co
CIK 0001835856
Entity typeother
Related Parties
1- filerCIK 0001013026
Filing Metadata
- Form type
- 4
- Filed
- Aug 23, 8:00 PM ET
- Accepted
- Aug 24, 9:05 PM ET
- Size
- 16.7 KB