Better Home & Finance Holding Company (BETR) distributes a preliminary consent revocation statement in response to the Garg Group’s written consent campaign. The Garg Group seeks to repeal certain bylaw amendments and remove five of eight current directors by stockholder written consent, without naming replacement directors.
The special committee of the board (excluding Vishal Garg) unanimously recommends that holders of Class A and Class B common stock revoke any consents previously given to the Garg Group and return the WHITE consent revocation card. Under Delaware law and the company’s charter, the Garg proposals become effective only if valid, unrevoked consents representing at least a majority of the voting power of outstanding common stock are delivered within 60 days of the first consent.
Each Class A share carries one vote and each Class B share three votes on the consent proposals. As of August 14, 2026, directors and executive officers as a group beneficially owned 3,200,848 Class A shares (24.2%) and 2,252,346 Class B shares (52.2%). The company reports cumulative GAAP net losses of over $1.8 billion from 2022 through 2025 and more than a 90% stock price decline from August 2023 to August 2026. The statement also summarizes a federal lawsuit the company filed on August 18, 2026 regarding alleged disclosure and solicitation issues under Sections 13(d) and 14(a) of the Exchange Act, while noting that no court has ruled on these allegations.
Better Home & Finance Holding Co (BETR) received a Rule 144 notice relating to planned sales of its common stock by Chad Smith. The notice covers 3,307 shares of common stock, with an indicated aggregate market value of $42,336.76, to be sold through UBS Financial Services Inc on or after August 19, 2026 on NASDAQ. The shares arise from a restricted stock release dated August 6, 2026, and the filer states the sales are intended to cover tax liability on that restricted stock release.
Better Home & Finance Holding Co (BETR) is the subject of an Amendment No. 5 to a Schedule 13D filed by Vishal Garg and affiliated entities. The amendment updates their beneficial ownership of 2,029,224 shares of Class A common stock equivalents, representing 13.7% of the Class A shares outstanding, based on 13,243,928 Class A shares outstanding as of July 31, 2026.
The position includes shares held directly by Mr. Garg, options on Class B shares, and Class B shares convertible into Class A held through 1/0 Real Estate, LLC and The 718 4Ever Trust I, with certain holdings subject to beneficial ownership disclaimers. The amendment also describes recent stockholder consent activity to seek removal of five directors via a Consent Solicitation, and notes that Better Home & Finance Holding Co has filed a complaint in U.S. District Court against Mr. Garg relating to reporting and solicitation matters, which the reporting persons state they intend to contest.
Better Home & Finance Holding Co (BETR) reported that Chad M. Smith, Pres & COO of Better Mortgage, exercised 5,000 Restricted Stock Units (Class A) on August 6, 2026, receiving 5,000 shares of Class A Common Stock at a stated price of $0.00 per share.
Following this transaction, Smith holds 35,000 RSUs directly and 5,000 shares of Class A Common Stock directly, plus an additional 23,516 shares held indirectly by a trust. The RSUs were granted on May 8, 2024 and vest 25% on the 12‑month anniversary, with the remainder vesting in equal quarterly installments over the next 36 months, subject to continued employment.
Better Home & Finance Holding Co (BETR) reported that Chief Technology Officer Sigurgeir Orn Jonsson exercised restricted stock units into Class A Common Stock in two tranches and had shares withheld for costs. On May 1, 2026, 3,907 RSUs converted into 3,907 shares, with 1,409 shares delivered or withheld at $44.38 per share for payment of exercise price or tax liability. On August 1, 2026, 3,906 RSUs converted into 3,906 shares, with 1,995 shares delivered or withheld at $23.50 per share for the same purpose. The RSUs were granted on February 11, 2026 and vest quarterly over four years, in 16 nearly equal installments, conditioned on continued service.
Better Home & Finance Holding Co (Class A common stock) is the subject of Amendment No. 6 to a Schedule 13D filed by a group of investors led by Steven Sarracino. The reporting persons collectively report 1,290,178 Shares, representing 8.9% of the Class A common stock, with no sole voting or dispositive power and fully shared voting and dispositive power.
The filing discloses that on August 16, 2026, Sarracino, on behalf of the reporting group, executed a written stockholder consent seeking to remove, without cause, five directors of Better Home & Finance Holding Co. The consent becomes effective only upon valid delivery of sufficient stockholder consents to meet the vote threshold required under Sections 141(k) and 228 of the Delaware General Corporation Law and the company’s governing documents. The group reports that there have been no transactions in the Shares by the reporting persons since the prior Amendment No. 5.
The Garg Group, led by Vishal Garg, has initiated a written consent solicitation to change the governance of Better Home & Finance Holding Company. The group beneficially owns 118,260 Class A shares and 1,910,964 Class B shares, representing 13.7% of the outstanding voting stock.
They are asking stockholders to approve two proposals: a Bylaw Restoration Proposal that repeals any bylaw provisions not included in the bylaws filed on August 22, 2023, and a Removal Proposal to remove five of the eight current directors and certain future appointees. Both proposals require affirmative written consents from holders of a majority of outstanding voting stock, delivered within 60 days of the earliest dated consent.
The filing explains DGCL mechanics for action by written consent, instructions for beneficial and registered holders, and notes that successful removal of at least five directors may constitute a change in control under several executive severance, equity incentive, director compensation, and inducement award plans, potentially triggering severance payments and accelerated vesting of equity awards.
Better Home & Finance Holding Co (BETR) received an amended Schedule 13D from Vishal Garg and related entities updating their ownership and governance intentions. Garg reports beneficial ownership of 2,029,224 shares (including common, options, and convertible Class B shares), representing 13.7% of the outstanding Class A common stock, based on 13,243,928 Class A shares outstanding as of July 31, 2026.
Affiliated entities 1/0 Real Estate, LLC and 1/0 Holdco, LLC each report 130,455 shares beneficially owned (about 1.0% of Class A), and The 718 4Ever Trust I reports 465,517 shares (about 3.5%). The filing states that Garg has begun and expects to continue discussions with the board, management, and certain stockholders about changing board composition and removing interim CEO Daniel Lewis and several directors, and that as of August 17, 2026 he has delivered written consents from stockholders the reporting persons believe hold a majority of the issuer’s voting power. If these consents are not accepted or followed by resignations, Garg plans to commence a formal consent solicitation.
Better Home & Finance Holding Co significant shareholder group updates its ownership and intentions. Entities associated with Steven Sarracino and Activant report beneficial ownership of 1,290,178 Shares of Class A common stock, or 8.9% of the class, based on 13,243,928 Shares outstanding as of July 31, 2026. Most holdings are Shares issuable upon conversion of Class B common stock by various Activant Ventures III funds, plus 72,206 Shares held by Better Voyager Partners. The filing states there have been no transactions in the Shares by these reporting persons since the prior amendment. Sarracino, Vishal Garg and Tony Bobulinski have engaged, and expect to continue to engage, in discussions with the board, management and certain stockholders regarding potential changes to board composition and the issuer’s interim or long-term CEO. The reporting persons note they may be deemed part of a broader group that could beneficially own 4,539,572 Shares, or approximately 26.8% of Shares outstanding, while expressly disclaiming such group status and certain beneficial ownership.
FRONTIER CAPITAL MANAGEMENT CO., LLC filed an amended Schedule 13G reporting its holdings in Better Home & Finance Holding Company Class A common stock. As of 06/30/2026, Frontier reported beneficial ownership of 625,598 Class A shares, representing 4.78% of the class.
Frontier reported sole voting power over 281,649 shares and sole dispositive power over 625,598 shares, with no shared voting or dispositive power. The filing notes that Frontier now holds 5 percent or less of the outstanding Class A common stock.