Better Home & Finance Holding Co (BETR) reports that on August 27, 2026, director Hugh Frater informed the company he intends to resign from the Board of Directors if Vishal Garg, the former Chief Executive Officer and current director, assumes any executive role with the company, including a director position with executive responsibilities.
Better Home & Finance Holding Co (BETR) is the subject of a consent solicitation led by Vishal Garg and affiliated entities (the “Garg Group”). The group has filed a preliminary consent statement and a GREEN consent card seeking written consents for, among other items, the removal of five directors from the company’s board. The participants include Mr. Garg, 1/0 Real Estate, LLC, 1/0 Holdco, LLC and The 718 4Ever Trust I. 1/0 Real Estate, LLC beneficially owns 130,455 shares of Class B common stock, 1/0 Holdco, LLC may be deemed to beneficially own those same shares, and The 718 4Ever Trust I beneficially owns 465,517 shares of Class B common stock. Mr. Garg beneficially owns 118,260 shares of Class A common stock, 387,137 options to purchase Class B common shares, and 1,523,827 shares of Class B common stock, each Class B share being convertible into one Class A share.
Better Home & Finance Holding Co (BETR) has issued a preliminary consent revocation statement from a Special Committee of its board, asking stockholders to oppose a written consent campaign by the “Garg Group” that seeks to remove five of the company’s eight directors without a stockholder meeting and without naming replacements. The committee urges holders to sign and return a WHITE consent revocation card and not to sign the Garg Group’s GREEN card.
The record date for the contest is August 21, 2026, when 13,256,037 Class A and 4,316,928 Class B shares were outstanding; Class A carries one vote per share and Class B three votes. The proposals become effective only if written consents representing at least a majority of the voting power are delivered within 60 days of the first dated consent. The company states that Vishal Garg and affiliated entities beneficially own a substantial portion of its voting power and that a special committee has adopted a limited‑duration stockholder rights plan that is triggered at 15% ownership of any class or total voting power. The statement also discloses significant cumulative net losses since 2022 and ongoing litigation between the company and Vishal Garg over federal securities law issues related to this control contest.
Better Home & Finance Holding Co (BETR) received an amended Schedule 13D (Amendment No. 7) from a group of Activant-affiliated investment entities and Steven Sarracino updating their beneficial ownership and intentions. Mr. Sarracino reports beneficial ownership of 1,290,178 Class A shares, representing 8.9% of the class. Key Activant funds report stakes ranging from 4.8% down to below 1%, each with shared voting and dispositive power and no sole power.
The reporting investors state they are not acting, and have not agreed to act, with any other person as a Section 13(d) “group,” and that any prior potential group status has ceased. They reference a consent solicitation by Vishal Garg and affiliated entities to remove certain directors and state they are not affiliated with, and are not participants in, that solicitation, but currently intend to consent to the removal of the directors named in that process. They also state there have been no transactions in BETR shares by the reporting persons since the prior amendment and that they continue to hold the shares for investment while reserving flexibility to change the size of their position or engage with the company and other shareholders.
Better Home & Finance Holding Co (BETR) officer Chad M. Smith reported an automatic sale of 3,307 shares of Class A Common Stock on 2026-08-19 to satisfy tax withholding obligations upon vesting of restricted stock units. The weighted average sale price was $12.854 per share, with prices ranging from $12.70 to $13.06. After this transaction, he directly held 1,693 shares and indirectly held 23,516 shares through a trust.
Better Home & Finance Holding Company (BETR) adopted a limited-duration shareholder rights plan effective August 20, 2026, and declared a dividend of one right for each outstanding share of Class A, B and C common stock, payable to stockholders of record on August 31, 2026.
Under the Rights Agreement, if any person or group becomes the beneficial owner of 15% or more of any class of common stock or of the company’s voting power without board approval, other holders can purchase common stock with a market value of two times the $65.00 purchase price, diluting the acquiring party. The board may redeem the rights for $0.001 per right, and the rights generally expire at the company’s 2027 annual meeting of stockholders unless earlier redeemed, exchanged or terminated.
Better Home & Finance Holding Co (BETR) is the subject of a Schedule 13D filed by Global Investment Ventures LLC (GIV) and its sole manager, Anthony R. Bobulinski. GIV holds 624,198 Class A shares, which the filing states is approximately 4.7% of the outstanding Class A common stock, based on 13,243,928 shares outstanding as of July 31, 2026. The stake was acquired for an aggregate purchase price of about $12 million using GIV’s working capital.
The investors state the shares were acquired for investment purposes. The filing describes that Bobulinski, on behalf of GIV, previously executed a written stockholder consent seeking removal of five directors, but that consent effort did not achieve a majority of the issuer’s voting power and those efforts were disbanded. The reporting persons indicate they are not currently part of any group regarding BETR, may review their investment on an ongoing basis, and characterize this as their initial and final beneficial ownership filing for these shares.