Business Wire·Aug 17, 2026, 7:21 AM ET

Better Home & Finance Holding Company Calls on Former CEO Vishal Garg to End His Disruptive Campaign and Allow the Company to Move Forward

BETR

Better Home & Finance Holding Company states that Vishal Garg lacks sufficient public shareholder support to remove directors or regain his CEO position.
The Board unanimously voted to remove Garg as CEO two weeks ago, a decision he initially accepted before launching a campaign to reverse the action.
The Company accuses Garg of waging a costly campaign that harms the business, employees, and prospects while misrepresenting facts and violating federal securities laws.
Garg's efforts to solicit votes failed to secure the necessary support, even when including his super-voting Class B shares.
Better alleges Garg recklessly revealed confidential information, creating unnecessary risks for strategic initiatives and business relationships.
The Company notes that under Garg's prior leadership, Better accumulated over $1.5 billion in losses since 2022 while its stock value dropped more than 90%.
A jury previously found Garg in breach of fiduciary duties for conversion, & several major financial institutions sued him for flagrant self-dealing.
The Board maintains that Garg is unfit to lead the company & states that media attacks cannot change their independent judgment.
Shareholders are advised that no action is required at this time.
The Company plans to file a consent revocation statement with the SEC to oppose Garg's solicitation of written consents to remove Board members.
Better is an AI-native mortgage platform that has funded over $110 billion in loan volume using its Tinman® platform & Betsy™ AI loan agent.