Summary by Futu AI
William E. Fischer III, the Chief Accounting Officer of Better Home & Finance Holding Co (BETR), filed an Initial Statement of Beneficial Ownership of Securities with the SEC on May 8, 2024. The filing, known as Form 3, indicates Fischer's beneficial ownership of non-derivative and derivative securities in the company. According to the document, Fischer owns 369,744 Class B Common Stock Restricted Stock Units (RSUs) and 81,466 shares of Class A Common Stock. The RSUs were granted on March 1, 2023, with 25% vesting on the one-year anniversary and the remainder to vest quarterly until March 1, 2027, contingent on Fischer's continued employment. Each RSU represents a right to receive one share of Class B Common Stock, which is convertible into Class A Common Stock at any time at Fischer's discretion. The filing was completed on May 10, 2024, by William Langston, Attorney-in-Fact.