Garg Claims 46% of Vote Secured, Names Bing Gordon and Two Others for Board Slate
BETR is trading near its 52-week low of $11.111 (9.4% above the low).
Summary
Garg's latest proxy materials claim 46% of the vote is already secured, name his proposed board slate including Bing Gordon, and signal he would step aside as CEO to win the consent fight.
Key Events · Corporate Governance and Compliance · BETR
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Garg Claims 46% of Vote Secured
On a September 22 podcast, Garg stated the Garg Group has over 46% of the vote in its consent solicitation to remove five directors, needing 50.01% to win.
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Proposed Board Slate Named
Garg named Bing Gordon (EA co-founder, former Kleiner Perkins partner, ex-Amazon board member), David Heidekorn, and Steve Saracino as his proposed new directors.
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Garg Offers to Step Aside as CEO
Garg publicly stated he does not need to be CEO and would accept chairman or head of product/innovation, a concession aimed at winning undecided shareholder support.
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Five Major Deals Stalled
Garg disclosed that five major partnership deals are stalled because partners refuse to work with interim CEO Daniel Lewis, who lacks technology and mortgage background.
Analysis · BETR · Finance
Vishal Garg's latest consent solicitation materials reveal he claims to have secured over 46% of the vote — just 4 points shy of the 50.01% needed to remove five directors, including interim CEO Daniel Lewis. He also names his proposed board slate for the first time: Bing Gordon (EA co-founder, former Kleiner Perkins partner, ex-Amazon board member), David Heidekorn, and Steve Saracino. Garg publicly states he does not need to be CEO and would accept chairman or head of product/innovation, a concession aimed at winning over undecided shareholders. The filing also discloses that five major partnership deals are stalled because partners refuse to work with Lewis. This is the most detailed public update on the proxy fight's vote count and succession plan to date.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 34.9% of the 1009 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.52%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BETR was trading at $12.16 on NASDAQ in the Finance sector, with a market capitalization of approximately $231.2M. The 52-week trading range was $11.11 to $92.69. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.