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Better Home investor group says 46% back ousting 5 directors

An activist shareholder group led by Vishal Garg reports preliminary support from over 46% of BETR voting power for its consent drive to remove five directors.

(Neutral)
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Form Type
DFAN14A

Rhea-AI Filing Summary

Better Home & Finance Holding Co (BETR) is the subject of a consent solicitation led by shareholder Vishal Garg and affiliated entities (the “Garg Group”) seeking to remove five current directors from the Board of Directors. The Garg Group reports that holders of more than 46% of the Company’s voting power have already delivered written consents supporting its proposals, based on a preliminary tabulation. The campaign targets an October 2, 2026 date to secure a majority of outstanding voting power and promotes a reconstituted board including independent candidates Bing Gordon, David Heidecorn and Steve Sarracino. The Garg Group urges shareholders to sign and return a GREEN consent card and refers investors to its definitive consent solicitation statement filed with the SEC for full details.

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Filing Explained

The reported consent support is still preliminary, not final results: it has not been verified by an independent inspector and may change through revocations before the Garg Group formally delivers the consents.

Preliminary voting support More than 46% of voting power Written consents reported by the Garg Group in favor of its proposals
Directors targeted for removal 5 directors Number of current Better directors the Garg Group seeks to remove
Consent solicitation target date October 2, 2026 Target date by which the Garg Group aims to secure majority support
Equity capital raised by Better.com $1.75 billion Equity capital Better.com is described as having raised
Cumulative market value of certain investments Over $100 billion Market value attributed to companies backed at seed stage by 1/0 Capital over 10 years
Initial capital for MyRichUncle.com $30,000 Amount used by Vishal Garg in 1999 to start MyRichUncle.com
Founder’s age at MyRichUncle.com launch 21 years Vishal Garg’s age when he started MyRichUncle.com in 1999
proxy advisory firm financial
"including perspectives from corporate governance experts and proxy advisory firm Egan-Jones"
A proxy advisory firm researches issues that shareholders will vote on—such as electing directors, executive pay, or mergers—and issues plain-language recommendations on how investors should cast those votes. Their reports act like a trusted guide or coach for busy institutional and retail investors; because large holders often follow these recommendations, the firms can influence corporate decisions and therefore a company’s governance, risk profile and potentially its stock price.
written consents regulatory
"to be used to solicit written consents with respect to, among other things"
Written consents are formal, signed approvals by a corporation’s shareholders or board members that authorize a specific corporate action without holding a meeting. Like signing a permission slip instead of gathering in a room, they let required decision-makers record votes in writing, using the same legal vote thresholds as a meeting; investors watch them because they can speed decisions and change governance or corporate plans without a public session.

FAQ

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

What is the Garg Group seeking to change at Better Home & Finance (BETR)?

The Garg Group is conducting a consent solicitation to remove five current directors—Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon and Prabhu Narasimhan—from the Board of Better Home & Finance, and to support a reconstituted board including independent candidates it has proposed.

How much shareholder support has the Garg Group reported for its BETR proposals?

The Garg Group states that holders of more than 46% of Better’s voting power have already delivered written consents supporting its proposals. This figure is described as a preliminary tabulation and not a final result verified by an independent inspector.

Who is Vishal Garg in relation to Better Home & Finance (BETR)?

Vishal Garg is described as the founder and former CEO of Better Home & Finance Corporation and a significant shareholder. He also founded 1/0 Capital, an early-stage investment firm focused on fintech, data science and consumer products companies.

Where can BETR investors find more information on the Garg Group’s proposals?

Investors are directed to the definitive consent solicitation statement filed with the SEC, which is available free of charge, and to the Garg Group’s website at www.betrvote.com for additional perspectives and information about its independent director candidates.

What capital has Better.com raised and what portfolio impact does Vishal Garg highlight?

Better.com is described as having raised over $1.75 billion in equity capital from multiple institutional investors. Vishal Garg notes that companies backed by his firm 1/0 Capital have cumulatively created over $100 billion in market value over the last 10 years.

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

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

(Rule 14a-101)

 

INFORMATION REQUIRED IN PROXY STATEMENT

 

SCHEDULE 14A INFORMATION

 

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

 

(Amendment No. )

 

Filed by the Registrant ☐

 

Filed by a Party other than the Registrant ☒

 

Check the appropriate box:

 

Preliminary Proxy Statement

 

Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

 

Definitive Proxy Statement

 

Definitive Additional Materials

 

Soliciting Material Under § 240.14a-12

  

BETTER HOME & FINANCE HOLDING COMPANY

(Name of Registrant as Specified In Its Charter)

 

VISHAL GARG

1/0 REAL ESTATE, LLC

1/0 HOLDCO, LLC

THE 718 4EVER TRUST I

(Name of Persons(s) Filing Proxy Statement, if other than the Registrant)

 

Payment of Filing Fee (Check all boxes that apply):

 

No fee required

 

Fee paid previously with preliminary materials

  

Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

 

 

 

Vishal Garg (“Mr. Garg”), together with the other participants named herein (collectively, the “Garg Group”), has filed a definitive consent statement and an accompanying GREEN consent card with the Securities and Exchange Commission to be used to solicit written consents with respect to, among other things, the removal of five (5) directors on the board of directors of Better Home & Finance Holding Company, a Delaware corporation.

On September 21, 2026, the Garg Group issued the following press release:

Garg Group Announces That Holders of More Than 46% of Better Home & Finance Voting Power Have Already Supported Consent Solicitation

Momentum Continues to Build in Support of Garg Group’s Proposals Ahead of October 2, 2026 Target Date

Urges Shareholders to Submit Their Consent on the GREEN CONSENT CARD to Support the Garg Group’s Proposals to Remove Directors Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon and Prabhu Narasimhan from the Board

New York, NY – September 21, 2026 – Vishal Garg, founder and former CEO of Better Home & Finance Corporation (“Better” or the “Company”) (Nasdaq: BETR) and a significant shareholder in the Company, today announced that holders of more than 46% of the Company’s voting power have already cast written consents in favor of the Garg Group's consent solicitation to remove five current directors from the Board of Directors (the “Board”).1 This comes just over two weeks since the first set of consent cards were mailed to shareholders. Consents continue to come in as the Garg Group closes in on the necessary majority of Better's outstanding voting power for its proposals to succeed.

Mr. Garg commented: “I am grateful to our fellow shareholders with more than 46% of the outstanding voting shares who have already made their voices heard. This level of support, in such a short period of time, sends a clear message that shareholders want change at Better. We are now within striking distance of putting this Company back on a path to value creation with a reconstituted Board that includes proven, independent leaders like Bing Gordon, David Heidecorn and Steve Sarracino. I encourage all shareholders who have not yet done so to sign, date and return their GREEN consent card today so that we can continue our momentum and move forward with restoring accountability at the Company and generating enhanced value.”

Every shareholder’s consent is important. It is time for a better BETR – which is why the Garg Group urges all shareholders to sign, date and return the GREEN CONSENT CARD in favor of the Garg Group’s proposals to remove Board members Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon and Prabhu Narasimhan. 

To learn more about why leading independent voices support this effort, including perspectives from corporate governance experts and proxy advisory firm Egan-Jones, and for information about the Garg Group's independent director candidates, visit: www.betrvote.com.


1 The current voting support reported by the Garg Group represents a preliminary tabulation of consents received by the Garg Group and does not represent the consent solicitation final voting results. The reported current level of voting support does not represent final voting results that were verified by an independent inspector and may change at any time or by revocations prior to formally delivering the consents.

 

 

Important Note: The three director candidates identified in this press release have expressed their willingness to serve as Board members if the consent solicitation is successful, however no agreement has been reached with them. Further, the consent solicitation will not automatically result in their appointment to the Board. Rather, they would be nominated by Mr. Garg and their appointments would depend on obtaining approval from a majority of Board members at that time.

About Vishal Garg

Vishal Garg is the Founder, Board Member & former CEO of Better.com, the leading AI mortgage platform. Under Vishal's leadership, Better.com has provided over $110BN in home financing and provided over $35BN in cumulative coverage through Better Cover and Better Settlement Services, the insurance divisions of Better.com. Better.com has raised over $1.75BN in equity capital and is backed by SoftBank, L Catterton, Kleiner Perkins, Goldman Sachs, Ally Bank, American Express, Citi, IA Ventures and other investors.

Prior to founding Better.com, Vishal founded 1/0 Capital, an early-stage investment firm focused on investments in fintech, data science and consumer products companies. Notable seed stage investments include Paribus, Ramp, Juul, Trumid, Creditas, Climb Credit, Notable, Bland AI, Maxhome AI, among many others which cumulatively have created over $100 billion in market value over the last 10 years.

Vishal previously co-founded MyRichUncle.com, the first online student lender, which he started in 1999 with $30,000 at the age of 21 and built into the fourth largest publicly traded private student loan company in the US. Prior to MyRichUncle, Vishal was an investment banking analyst at Morgan Stanley & Co.

IMPORTANT INFORMATION

Vishal Garg, together with the other participants in his solicitation, has filed a definitive consent solicitation statement with the SEC in connection with the solicitation of written consents from Better stockholders. Stockholders are urged to read the definitive consent solicitation statement and other solicitation materials carefully because they contain important information. The definitive consent solicitation statement is available free of charge through the SEC. GREEN consent cards are being distributed directly to stockholders, including by UPS.

Media Contact:

info@onezerocapital.com

garggroup@longacresquare.com

Investor Contact:

Bruce Goldfarb / Chuck Garske

Okapi Partners LLC

(877) 629-6357

info@okapipartners.com

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