03/11/2026 | Press release | Distributed by Public on 03/11/2026 19:24
|
FORM 4
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| 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 control number. | SEC 1474 (9-02) | ||
|
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Warrants (right to buy) | $27(1)(2) | 03/10/2026 | X | 105,656(1)(2) | (1)(2) | 02/17/2027 | Common Stock | 105,656(1)(2) | $ 0 | 105,656(1)(2) | I | See Footnote(3) | |||
| Warrants (right to buy) | $27.25(1)(2) | 03/10/2026 | X | 105,656(1)(2) | (1)(2) | 02/17/2027 | Common Stock | 105,656(1)(2) | $ 0 | 0 (1)(2) | I | See Footnote(3) | |||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
|
Framework Ventures IV L.P. 600 MONTGOMERY STREET, FLOOR 42 SAN FRANCISCO, CA 94111 |
X | |||
|
Framework Ventures Management LLC 600 MONTGOMERY STREET, FLOOR 42 SAN FRANCISCO, CA 94111 |
X | |||
|
Framework Ventures IV GP LLC 600 MONTGOMERY STREET, FLOOR 42 SAN FRANCISCO, CA 94111 |
X | |||
|
Spencer Vance 600 MONTGOMERY STREET, FLOOR 42 SAN FRANCISCO, CA 94111 |
X | |||
|
Anderson Michael Ernest 600 MONTGOMERY STREET, FLOOR 42 SAN FRANCISCO, CA 94111 |
X | |||
|
Framework Labs, Inc. 600 MONTGOMERY STREET, FLOOR 42 SAN FRANCISCO, CA 94111 |
X | |||
| /s/ Framework Ventures IV L.P., By: Framework Ventures IV GP LLC, its general partner, By: /s/ John DiCerbo, Name: John DiCerbo, as attorney-in-fact for Michael Ernest Anderson, Manager | 03/11/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Framework Ventures Management LLC, By: /s/ John DiCerbo, Name: John DiCerbo, as attorney-in-fact for Michael Ernest Anderson, Managing Member | 03/11/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Framework Ventures IV GP LLC, By: /s/ John DiCerbo, Name: John DiCerbo, as attorney-in-fact for Michael Ernest Anderson, Manager | 03/11/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ John DiCerbo, Name: John DiCerbo, as attorney-in-fact for Michael Ernest Anderson | 03/11/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ John DiCerbo, Name: John DiCerbo, as attorney-in-fact for Vance Spencer | 03/11/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Framework Labs, Inc., By: /s/ John DiCerbo, Name: John DiCerbo, as attorney-in-fact for Michael Ernest Anderson, Director | 03/11/2026 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | On February 17, 2026, Framework Ventures IV L.P. ("Framework LP") entered into a Securities Purchase Agreement with Better Home & Finance Holding Company (the "Issuer"), pursuant to which Framework LP purchased a warrant (the "Warrant") to purchase up to an aggregate of 211,312 shares (the "Warrant Shares") of the Issuer's Class A common stock, par value $0.0001 per share (the "Common Stock"), upon the terms and subject to the limitations on exercise and conditions set forth in the Warrant. The purchase price of the Warrant was $0.01. |
| (2) | Due to a character limit, Footnote 2 is a continuation of Footnote 1: The Warrant became exercisable for (i) up to 105,656 Warrant Shares at an exercise price of $27.00 per share upon the beneficial ownership of Framework LP, together with its affiliate, exceeding 4.99% of the then-outstanding Common Stock and (ii) up to the remaining 105,656 Warrant Shares at an exercise price of the greater of (x) $27.00 and (y) 90% of the 30-day volume-weighted average trading price per share of the Common Stock upon the beneficial ownership exceeding 8.98%. |
| (3) | The reported securities include are held directly by Framework LP and may also be deemed to be beneficially owned by Framework Ventures IV GP LLC ("Framework GP"), Framework Ventures Management LLC ("Framework Management"), Vance Spencer ("Mr. Spencer") and Michael Ernest Anderson ("Mr. Anderson"), each of which or whom disclaim beneficial ownership of these shares except to the extent of its or his pecuniary interest in such shares, if any. Framework GP is the general partner of Framework LP. Framework Management is the investment manager for Framework GP. Mr. Spencer and Mr. Anderson are members and the managers of Framework GP and the managing members of Framework Management. |
| (4) | The reported securities are held directly by Framework Labs, Inc. ("Framework Labs") and may also be deemed to be beneficially owned by Mr. Spencer and Mr. Anderson, each of whom disclaim beneficial ownership of these shares except to the extent of his pecuniary interest in such shares, if any. Mr. Spencer and Mr. Anderson serve as executive officers and directors of Framework Labs and control Framework Labs. |
| (5) | The reported securities are held directly by Mr. Spencer. |
|
Remarks: Exhibit 99.1 - Joint Filing Agreement |
|