Nicholas J. Calamari, Chief Administrative Officer and Senior Counsel of Better Home & Finance Holding Co (NASDAQ:BETR), has sold a significant portion of his stock in the company. According to a recent SEC filing, Calamari sold a total of 9,107 shares over three consecutive days, from December 3 to December 5, 2024.
The sales were executed under a pre-established trading plan and generated a total value of $120,003. The shares were sold at an average price range between $12.8611 and $13.3912 per share. Following these transactions, Calamari retains ownership of 1,981 shares in the company. According to InvestingPro analysis, BETR shows a weak financial health score of 1.11 and appears overvalued at current levels.
These sales were conducted as part of a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks, providing an affirmative defense against accusations of insider trading. Get deeper insights into BETR's valuation metrics and 12+ additional ProTips with InvestingPro.
In other recent news, Better Home & Finance Holding Co has successfully regained compliance with Nasdaq's minimum bid price requirement, according to a recent filing with the Securities and Exchange Commission. The loan brokerage firm had previously faced potential delisting due to its stock price falling below the $1.00 threshold. The compliance notice confirmed that for 10 consecutive business days, the closing bid price of Better Home & Finance's common stock remained at or above $1.00. This achievement follows a notification when Nasdaq first alerted the company about the deficiency. Better Home & Finance's return to compliance signifies the end of this matter with Nasdaq, eliminating the risk of delisting. The trading of its common stock and warrants will continue on The Nasdaq Stock Market without interruption. These are some of the recent developments surrounding the company.
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