13D Filings
Better Home & Finance Holding Co
BETR
Amendment
Ownership

12.80%

Total Shares

1,254,813

Issuer CIK

1835856

CUSIP

08774B508

Event Date

Apr 27, 2025

Accepted

Apr 30, 2025, 09:00 PM

Reporting Persons (8)
Joint Filing

This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.

NameType% of ClassAggregateSole VotingShared Voting
SoftBank Group Corp.
CO
12.80%1,254,81301,254,813
SVF II Beaver (DE) LLC
Other
12.60%1,241,31301,241,313
SVF II Holdings (DE) LLC
Other
12.60%1,241,31301,241,313
SVF II Aggregator (Jersey) L.P.
Partnership
12.60%1,241,31301,241,313
SoftBank Vision Fund II-2 L.P.
Partnership
12.60%1,241,31301,241,313
SB Global Advisers Limited
CO
12.60%1,241,31301,241,313
SB Northstar LP
Partnership
0.10%13,500013,500
Silver Brick Management PTE. LTD.
CO
0.10%13,500013,500
Disclosure Items (3)

Security Title

Class A Common Stock, par value $0.0001 per share

Issuer Name

Better Home & Finance Holding Co

Issuer Address

1 World Trade Center, New York, NY, 10007

Exchange of Convertible Notes On April 28, 2025, pursuant to the terms of the Exchange Agreement and as previously disclosed, the Exchange Agreement closed. As a result, SB Northstar LP exchanged the Convertible Notes for the Senior Secured Notes and $110,000,000 in cash consideration.

Percentage of Class

The information contained on the cover pages is incorporated by reference to this Item 5. All share numbers presented herein reflect a 1-for-50 reverse stock split effected by the Issuer on August 16, 2024. The information presented herein sets forth, as of the date of this Schedule 13D, the aggregate number of shares of Class A Common Stock and percentage of Class A Common Stock beneficially owned by each of the Reporting Persons, as well as the number of shares of Class A Common Stock as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition of, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 9,211,349 shares of Class A Common Stock outstanding as of March 10, 2025, as disclosed in the Issuer's Annual Report on Form 10-K filed with the SEC on March 19, 2025. The calculations presented herein assumes, as applicable, (i) the conversion of all shares of Class B Common Stock and Class C Common Stock by SVF II Beaver (DE) LLC and (ii) the exercise of the Warrants by SB Northstar LP. SVF II Beaver (DE) LLC is the record owner of (i) 628,553 shares of Class A Common Stock, (ii) 137,545 shares of Class A Common Stock underlying Class B Common Stock that are currently convertible and (ii) 475,215 shares of Class A Common Stock underlying Class C Common Stock that are currently convertible. SB Northstar LP is the record owner of 13,500 shares of Class A Common Stock underlying the Warrants that are currently exercisable. SoftBank, which is a publicly traded company listed on the Tokyo Stock Exchange, is the sole shareholder of SBGA, which has been appointed as manager and is responsible for making final decisions related to the acquisition, structuring, financing and disposal of SoftBank Vision Fund II-2 L.P.'s investments, including as held by SVF II Beaver (DE) LLC. SoftBank Vision Fund II-2 L.P. is the sole limited partner of SVF II Aggregator (Jersey) L.P., which is the sole member of SVF II Holdings (DE) LLC, which is the sole member of SVF II Beaver (DE) LLC. As a result of these relationships, each of the foregoing entities may be deemed to share beneficial ownership of the securities held of record by SVF II Beaver (DE) LLC. SoftBank is the parent company of Silver Brick Management PTE. LTD., which has been appointed as investment manager of SB Northstar LP and is responsible for making voting and investment decisions with respect to SB Northstar LP's investments. As a result of these relationships, each of the foregoing entities may be deemed to share beneficial ownership of the securities held of record by SB Northstar LP.

Number of Shares

The information contained on the cover pages is incorporated by reference to this Item 5.

Transactions

Except as otherwise disclosed herein, during the past 60 days, none of the Reporting Persons nor Related Persons has effected any transactions in the Class A Common Stock.

Shareholders

None.

Date of 5% Ownership

Not applicable.

Better Home & Finance Holding Co — Schedule 13D | 13D Filings