Better Home & Finance Holding Co (BETR) is the subject of a consent solicitation led by Vishal Garg and affiliated entities, who seek written consents to remove five of the eight directors from the Board. Garg describes a plan under which the current CEO would ultimately be replaced by a “professional” manager while he focuses on product and technology.
Garg highlights the company’s AI-driven Tinman platform, stating that from 2023 to 2026 revenue run rate increased from $70 million to $220 million, monthly losses fell from $20 million to $4 million, and contribution margin per loan rose from $500 to $2,800. He is using media appearances and social‑media videos to urge shareholders to support his GREEN consent card and disregard the company’s white revocation card, and states that a Delaware court and company counsel confirmed that the consent solicitation does not trigger the company’s poison pill.
Better Home & Finance Holding Co (BETR) reported that Chief Operating Officer Barry Feierstein exercised restricted stock units into common shares. On September 4, 2026, 18,750 Restricted Stock Units (Class A) were converted into 18,750 shares of Class A Common Stock at a stated price of $0.00 per share. The RSUs vested on an accelerated basis pursuant to approval by the board of directors, and no Rule 10b5-1 trading plan is reported.
Better Home & Finance Holding Company (BETR) reports that it has entered into mutual separation agreements with two senior leaders: Chad M. Smith, President of Better Mortgage Corporation, and Barry Feierstein, the Company’s Chief Operating Officer.
Under the Smith Separation Agreement dated September 1, 2026, Mr. Smith’s employment ended by mutual agreement effective September 2, 2026. Subject to the agreement’s conditions, he will receive a $416,666 lump-sum cash payment, representing five months of base salary, six months of COBRA premium payments, and accelerated vesting of 10,000 restricted stock units that would otherwise have been forfeited. The agreement includes mutual releases, confidentiality, non‑disparagement, and post‑employment cooperation obligations, while his existing indemnification agreement remains in effect. A similar Mutual Separation and General Release Agreement with Mr. Feierstein was executed on September 3, 2026 and is effective September 4, 2026, with both agreements to be filed as exhibits to the Form 10‑Q for the quarter ending September 30, 2026.
Better Home & Finance Holding Co (BETR) is the subject of a consent solicitation by Vishal Garg and affiliated entities, who are seeking written consents from shareholders to remove five current directors and install a new board. The Garg Group outlines a 90‑day operating plan targeting quarterly funded-loan volume of $2 billion, monthly revenue growth of $7 million, and a reduction in monthly cash burn from about $4 million to $0, at an estimated 35% contribution margin. The plan also contemplates a $30 million share repurchase program, a search for a permanent chief executive officer, and governance changes including stock-based board compensation and director stock-ownership expectations focused on operating experience at regulated, technology-enabled consumer-fintech businesses.
Better Home & Finance Holding Co (symbol: BETR) is the issuer of record for a Form 4 filing submitted to the SEC. Tuffin Paula reported acquisition or exercise transactions in this Form 4 filing.
Better Home & Finance Holding Co (BETR) reported that its General Counsel and Chief Compliance Officer, Paula Tuffin, received a grant of 6,132 shares of Class A Common Stock on September 1, 2026. The grant was in the form of restricted stock units that vested immediately under a compensatory arrangement approved by the board of directors, resulting in 44,039 shares held directly after the award.
Better Home & Finance Holding Co (BETR) reported that officer Chad M. Smith, President, BMC, on September 1, 2026 exercised 10,000 Restricted Stock Units (Class A), each representing a contingent right to one share of Class A Common Stock, into 10,000 Class A shares at no cash exercise price.
On the same date, he received a compensatory grant of 11,243 RSUs that vested immediately, increasing his derivative holdings to 25,000 RSUs. Separately, 25,209 Class A shares are held indirectly by his trust, reflecting an earlier transfer of 1,693 shares as a change in form of ownership under Rule 16a-13.