Independent Inspector Confirms Garg Group Has Over 52% Votes to Remove Five Better Directors
BETR sits 20% above its 52-week low of $9.81.
Summary
An independent inspector hired by Better's board preliminarily confirmed the Garg Group has over 52% of votes to remove five directors, and Garg says he blocked a $750,000 self-payment attempt by interim CEO Daniel Lewis.
Key Events · Executive and Board Changes · BETR
-
Independent Inspector Confirms 52%+ Vote
First Coast Results, hired by Better's board, preliminarily verified the Garg Group's consent solicitation exceeded 52% of votes — above the 51% previously reported — to remove five incumbent directors.
-
$750,000 Self-Payment Blocked
Garg and CFO Advani blocked an alleged attempt by interim CEO Daniel Lewis, with the complicity of one board member, to pay himself $750,000.
-
Board Removal Expected October 2
A board call at 8:30 am on October 2, 2026, led Garg to expect the five directors to accept their removal that same day, with an orderly handover underway.
-
Prior Disclosure Context
This follows the September 30, 2026 announcement that the Garg Group had secured over 51% of written consents; the independent inspector's verification is the first third-party confirmation of the vote count.
Analysis · BETR · Finance
The independent election inspector hired by Better's own board has preliminarily verified that the Garg Group's consent solicitation exceeded 52% of votes — above the 51% threshold previously reported. This is the first independent confirmation of the vote count, moving the board takeover from a contested claim to a near-certain outcome. The filing also reveals that Garg and CFO Advani blocked an alleged attempt by interim CEO Daniel Lewis, with the complicity of one board member, to pay himself $750,000 — a governance red flag that adds urgency to the leadership transition. The board was expected to effectuate the five directors' removal on October 2, 2026, the same day as this filing.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.5% of the 1055 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 $11.79 on NASDAQ in the Finance sector, with a market capitalization of approximately $224.1M. The 52-week trading range was $9.81 to $92.69. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.