Garg Group Secures 51% Consent, Unveils 90-Day Turnaround Plan with $30M Buyback and Board Overhaul
BETR is trading near its 52-week low of $9.81 (13% above the low) on elevated volume (3.2× avg).
Summary
Vishal Garg has secured majority shareholder consent to retake control of Better Home & Finance, removing five directors and unveiling a 90-day turnaround plan with a $30M buyback, $60M cost-savings target, and $2B quarterly volume goal.
Key Events · Corporate Governance and Compliance · BETR
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Garg Group Secures 51% Consent
Vishal Garg and The Garg Group have secured written consents representing over 51% of voting shares, giving them control to remove five of eight directors including interim CEO Daniel Lewis.
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90-Day Turnaround Plan Unveiled
Plan includes $2B quarterly combined volume target, $60M annual cost-savings target (up from $45M), $30M share buyback with initial $10M tranche, and divestiture of UK banking operations.
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Board Reconstitution
Garg will appoint Silicon Valley venture capitalists Bing Gordon (Kleiner Perkins) and Steve Sarracino (Activant Capital) to the Board, with Garg serving as Head of Product, Platform, and Innovation.
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Shareholder Call Scheduled
Informational conference call to review the 90-Day Plan set for Monday, October 5, 2026 at 4:30 PM ET.
Analysis · BETR · Finance
Vishal Garg has won the proxy fight for control of Better Home & Finance, securing written consents from over 51% of voting shares to remove five of eight directors. The filing details a 90-day turnaround plan that includes a $30 million share repurchase program, a $60 million annual cost-savings target, a $2 billion quarterly volume goal, and the divestiture of UK banking operations. This is a decisive resolution to a two-month boardroom battle that began with Garg's ouster as CEO in August. The plan's specifics give investors a concrete roadmap for the company's strategic direction under Garg's renewed leadership.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 41.9% of the 322 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.38%. 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 $11.13 on NASDAQ in the Finance sector, with a market capitalization of approximately $209.1M. The 52-week trading range was $9.81 to $92.69. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.