Better Home & Finance (BETR) CTO details Class A, B stock and RSUs
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Better Home & Finance Holding Co’s Chief Technology Officer, Orn Jonsson Sigurgeir, reported his initial equity holdings. He holds 104,197 shares of Class B Common Stock directly, each convertible into one Class A share, plus additional Class B shares held indirectly through family and descendants trusts.
He also holds 3,906 shares of Class A Common Stock directly and multiple blocks of restricted stock units for Class A shares, including 58,594 and 57,500 RSUs. One RSU grant from February 11, 2026 vests quarterly over four years, while another is subject to stock-price performance goals between October 1, 2025 and December 31, 2030; unearned units are forfeited.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Orn Jonsson Sigurgeir
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Restricted Stock Units (Class A) | -- | -- | -- |
| holding | Restricted Stock Units (Class A) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 104,197 shares (Direct);
Class B Common Stock — 62,074 shares (Indirect, By Family Trust);
Restricted Stock Units (Class A) — 58,594 shares (Direct);
Class A Common Stock — 3,906 shares (Direct)
Footnotes (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 Issuers 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 Issuer's founder. The shares are directly held by a trust, of which the Reporting Person's spouse is a co-trustee and a beneficiary. The shares are directly held by a trust, of which the Reporting Person is a co-trustee and a beneficiary. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs were granted on February 11, 2026 and vest quarterly over four years in 16 nearly equal installments, subject to the Reporting Person's continued service with the Issuer. The RSUs are subject to both performance- and time-based vesting criteria. The performance-based criteria provides for the achievement of specified stock price goals of the Issuer's Class A common stock occuring during the period beginning on October 1, 2025 and ending on December 31, 2030 (the "Performance Period"). 25% of the RSUs shall time vest on the one year anniversary of the grant date and the remainder of the RSUs shall time vest quarterly over the following 36 months, subject to the Reporting Person's continued service with the Issuer. In the event the performance criteria is not met during the Performance Period, the RSUs shall be forfeited. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
Key Figures
Direct Class B holdings: 104,197 shares
Indirect Class B holdings via family trust: 62,074 shares
Indirect Class B holdings via descendants trust: 63,850 shares
+4 more
7 metrics
Direct Class B holdings
104,197 shares
Class B Common Stock, convertible 1:1 into Class A
Indirect Class B holdings via family trust
62,074 shares
Class B Common Stock held by family trust
Indirect Class B holdings via descendants trust
63,850 shares
Class B Common Stock held by descendants trust
Direct Class A holdings
3,906 shares
Class A Common Stock held directly
RSUs grant vesting schedule
16 quarterly installments over 4 years
RSUs granted February 11, 2026, time-based vesting
Performance period for RSUs
October 1, 2025 to December 31, 2030
Stock price performance-based RSU criteria window
Initial RSU time vesting
25% at 1-year anniversary
Portion time vests one year after grant date
Key Terms
Class B Common Stock, Class A Common Stock, Restricted Stock Units ("RSU"), performance-based criteria, +1 more
5 terms
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"Each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Restricted Stock Units ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock"
performance-based criteria financial
"The RSUs are subject to both performance- and time-based vesting criteria"
Performance Period financial
"stock price goals of the Issuer's Class A common stock occuring during the period beginning on October 1, 2025 and ending on December 31, 2030 (the "Performance Period")"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
FAQ
What equity holdings does BETR CTO Orn Jonsson Sigurgeir report on this Form 3?
He reports direct ownership of 104,197 shares of Class B Common Stock and 3,906 shares of Class A Common Stock, plus indirect Class B holdings through family and descendants trusts and several blocks of Class A restricted stock units with future vesting conditions.
What indirect BETR holdings does the CTO have through trusts?
He has Class B Common Stock held by two trusts. One trust, where his spouse is co‑trustee and beneficiary, directly holds shares, and another trust, where he is co‑trustee and beneficiary, directly holds shares, giving him indirect economic exposure alongside his direct Class B ownership.
What are the key terms of the February 11, 2026 RSU grant at Better Home & Finance (BETR)?
Each RSU represents a right to one Class A share. The grant vests quarterly over four years in 16 nearly equal installments, starting from the February 11, 2026 grant date, and requires the CTO’s continued service with the company for the RSUs to vest.
How do performance-based RSUs for BETR’s CTO work over the 2025–2030 period?
These RSUs depend on stock price goals for Class A shares during October 1, 2025 to December 31, 2030. Twenty‑five percent time vests on the one‑year anniversary of grant, with the balance vesting quarterly over 36 months; unearned units are forfeited if performance targets are not achieved.
What is the difference between direct and indirect ownership in this BETR Form 3?
Direct holdings are registered in the CTO’s name, including Class B and Class A shares and some RSUs. Indirect holdings are shares held by trusts where he or his spouse serve as co‑trustees and beneficiaries, giving him beneficial interest without all shares being registered directly to him.