STOCK TITAN

Better Home & Finance removes Daniel Lewis as interim CEO

At the time of the disclosure, the new directors had no committee assignments, and the board was identifying an Interim CEO successor.

(Neutral)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K/A

Rhea-AI Filing Summary

Better Home & Finance Holding Company (BETR) reported board changes after Vishal Garg and other consent-solicitation participants delivered stockholder consents representing a majority of the voting power of the company’s common stock outstanding as of August 21, 2026. The consents, in part, removed without cause Daniel Lewis, Arnaud Massenet, Bhaskar Menon, Prabhu Narasimhan and Harit Talwar, effective September 30, 2026. Hugh Frater notified the company on October 1, 2026, of his decision to resign from the Board, effective upon the Removal.

On October 5, 2026, Garg, as the sole remaining director, appointed Bing Gordon, Steven Sarracino, Paula Tuffin and Nicholas Calamari to fill vacancies. Tuffin is the company’s General Counsel, Chief Compliance Officer and Secretary; Calamari is an employee. The Board removed Lewis as Interim CEO effective immediately and began identifying a successor. Gordon’s consulting agreement includes a grant of 20,000 restricted stock units on February 11, 2026, with an aggregate grant date fair value of $582,200; the units vest quarterly over four years.

Filing Explained

The amendment says none of the four newly appointed directors had been assigned to a board committee as of the filing, so their committee roles remain undecided; the company says it will disclose appointments in a further amendment once determined.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Restricted stock units 20,000 restricted stock units Granted to Bing Gordon on February 11, 2026; vest quarterly over four years.
Aggregate grant date fair value $582,200 For Bing Gordon’s restricted stock unit grant on February 11, 2026.
Vesting period Four years The restricted stock units vest quarterly.
restricted stock units financial
"granted Mr. Gordon 20,000 restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
aggregate grant date fair value financial
"with an aggregate grant date fair value of $582,200"
indemnification agreement regulatory
"the Company’s standard form of indemnification agreement"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Which directors were removed from the BETR board?

The written consents removed Daniel Lewis, Arnaud Massenet, Bhaskar Menon, Prabhu Narasimhan and Harit Talwar without cause, effective September 30, 2026. The consents represented a majority of the voting power of the company’s common stock outstanding as of August 21, 2026.

What did BETR disclose about Bing Gordon’s consulting arrangement?

Under a consulting agreement dated December 8, 2025, Bing Gordon provides advisory services that include product strategy. In connection with his services, the company granted him 20,000 restricted stock units on February 11, 2026, with a $582,200 aggregate grant date fair value; the units vest quarterly over four years.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
0001835856False00018358562026-09-302026-09-300001835856us-gaap:CommonClassAMember2026-09-302026-09-300001835856us-gaap:WarrantMember2026-09-302026-09-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 30, 2026
Better Home & Finance Holding Company
(Exact name of registrant as specified in its charter)
Delaware001-4014393-3029990
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification
Number)
1 World Trade Center
285 Fulton St., 80th Floor Suite A
New York,
NY
10007
(Address of principal executive offices) (Zip Code)
(415) 523-8837
Registrant’s telephone number, including area code
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A common stock, par value $0.0001 per shareBETRThe Nasdaq Stock Market LLC
Warrants exercisable for one share of Class A common stock at an exercise price of $575BETRWThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐






Explanatory Note
This Amendment No. 1 to Current Report on Form 8-K filed on October 6, 2026 (the “Original Report”) is being filed to supplement Item 5.02 with information regarding the newly appointed directors’ interests in transactions required to be disclosed under Item 404(a) of Regulation S-K. Except as supplemented by this amendment, the Original Report remains unchanged.
Item 5.02     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Removal of Directors

On September 30, 2026, Vishal Garg and the other participants in his consent solicitation (collectively, the “Garg Group”), delivered to Better Home & Finance Holding Company (the “Company”) written consents (the “Consents”) of stockholders representing a majority of the voting power of the Company’s common stock outstanding as of August 21, 2026 (the “Record Date”). The Consents, in part, removed from the Company’s Board of Directors (the “Board”) without cause each of Daniel Lewis, Arnaud Massenet, Bhaskar Menon, Prabhu Narasimhan and Harit Talwar, effective immediately (the “Removal”).

Resignation of Hugh Frater

On October 1, 2026, Hugh Frater notified the Company of his decision to resign from the Board, effective upon the Removal. Mr. Frater’s decision to resign was the result of the outcome of the consent solicitation conducted by the Garg Group to remove without cause certain other directors from the Board, as further described in this Current Report on Form 8-K. As previously disclosed, Mr. Frater informed the Company on August 27, 2026 of his intention to resign from the Board in the event that Mr. Garg assumes any executive role with the Company, including serving as a director with executive responsibilities. At the time of his resignation, Mr. Frater served as a member of the Audit Committee and the Special Committee of the Board.

Appointment of Directors

On October 5, 2026, Mr. Garg, in his capacity as the sole remaining director of the Company following the Removal and resignation described above, appointed Bing Gordon, Steven Sarracino, Paula Tuffin, the Company’s General Counsel, Chief Compliance Officer and Secretary, and Nicholas Calamari, an employee of the Company, to the Board to fill existing vacancies. None of these individuals have been appointed to any committee of the Board as of the date of this Current Report on Form 8-K. The Company will file an amendment to this Current Report on Form 8-K to disclose any such committee appointments once determined.

Ms. Tuffin and Mr. Calamari will not receive additional compensation for their service on the Board. It is expected that Messrs. Gordon and Sarracino will receive compensation pursuant to the Company’s Director Compensation Policy, as described under “Director Compensation” in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on April 30, 2026.
Messrs. Gordon and Sarracino are each expected to enter into the Company’s standard form of indemnification agreement with the Company. As previously announced in the Garg Group’s September 18, 2026 press release, Messrs. Gordon and Sarracino were candidates who were identified by Mr. Garg and had express their willingness to serve as directors if his consent solicitation was successful.
Ms. Tuffin and Mr. Calamari are parties to indemnification agreements with the Company in its standard form. There are no arrangements or understandings between either of Ms. Tuffin or Mr. Calamari and any other person pursuant to which such individual was selected as a director.
There are no transactions involving Ms. Tuffin, Mr. Calamari or Mr. Sarracino required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Mr. Gordon is a party to a consulting agreement with the Company, dated December 8, 2025, pursuant to which he provides advisory services regarding, among other things, product strategy. In connection with his consulting services, on February 11, 2026, the Company granted Mr. Gordon 20,000 restricted stock units with an aggregate grant date fair value of $582,200. The restricted stock units vest quarterly over four years.

Departure of Interim Chief Executive Officer
On October 5, 2026, following the director appointments described above, the Board removed Daniel Lewis as Interim Chief Executive Officer, effective immediately. The Board has commenced a process to identify and appoint a successor Interim Chief Executive Officer.





SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BETTER HOME & FINANCE HOLDING COMPANY
Date: October 9, 2026By:/s/ Paula Tuffin
Name:Paula Tuffin
Title:General Counsel, Chief Compliance Officer and Secretary

Filing Exhibits & Attachments

4 documents

Keep reading