Summary by Futu AI
Riaz Valani, a significant shareholder in Better Home & Finance Holding, has filed an amendment to the Schedule 13D with the SEC, reporting a change in his beneficial ownership of the company's shares. This Amendment No. 3, dated September 3, 2024, reflects recent transactions and updates Valani's stake in the company. As of August 30, 2024, Valani is deemed to beneficially own 437,651 shares of Class A Common Stock, representing approximately 5.0% of the outstanding shares. This ownership includes direct holdings by 1/0 Mortgage Investment, LLC, and shares convertible from Class B Common Stock held by the Green Trust and a member of Valani's immediate family. The filing follows the company's 1-for-50 reverse stock split effective August 19, 2024. The transactions detailed in the amendment occurred in the open market with prices ranging from $15.97 to $16.41 per share.