Garg Claims 46% Support as Better Opens Probe Into Alleged Vote-Buying
BETR is trading near its 52-week low of $10.76 (1.2% above the low) on elevated volume (2.2× avg).
Summary
Better's special committee opened an investigation into allegations Garg offered company assets for votes, while Garg claims 46% support and names three director candidates. Consent deadline is Oct. 2; vote is Oct. 20.
Key Events · Corporate Governance and Compliance · BETR
-
Special Committee Opens Vote-Buying Probe
Better's special committee opened an investigation into 'credible and serious allegations' that Garg offered company assets or benefits to former employees in exchange for support in his board-replacement effort. The allegations came from independent counsel for a former employee who is also a shareholder.
-
Garg Claims 46% Voting Support
Garg says his group has obtained consents representing more than 46% of Better's voting power, and that his proxy solicitor met with Better General Counsel Paula Tuffin and presented evidence supporting that figure. Better has not confirmed the number.
-
Garg Names Three Director Candidates
Garg proposed Bing Gordon, David Heidecorn and Steve Sarracino as independent director candidates. No agreement has been reached with the candidates, and their appointments would require majority board approval if the consent solicitation succeeds.
-
Consent Deadline Moved to Oct. 2; Vote Oct. 20
The new target date for submitting written consents is October 2, 2026, moved from September 18. The actual vote is scheduled for October 20, 2026.
Analysis · BETR · Finance
The proxy fight between founder Vishal Garg and Better's board escalated sharply on September 24. Better's special committee opened an investigation into allegations that Garg offered company assets or benefits to former employees in exchange for their support — conduct that, if substantiated, could raise questions about Garg's fiduciary duties as a director. Garg countered by claiming his group has consents representing more than 46% of voting power, a figure he says his proxy solicitor presented to Better's general counsel. He also named three proposed independent director candidates: Bing Gordon, David Heidecorn and Steve Sarracino. The consent deadline has moved to October 2, with the actual vote on October 20. This is the first time Garg has publicly quantified his support level and named his slate, and the first time Better has disclosed a formal investigation into alleged vote-buying — both material escalations in a contest that has already produced 19 DFAN14A filings in 90 days.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1052 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BETR was trading at $10.89 on NASDAQ in the Finance sector, with a market capitalization of approximately $206.1M. The 52-week trading range was $10.76 to $92.69. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.