Vishal Garg Secures 46% Support for Better Home Board Overhaul

Key Facts

1Vishal Garg announced that holders of more than 46% of Better Home & Finance voting power have supported the consent solicitation to remove five current directors.

In a move reflecting intensifying proxy battles within corporate leadership, Vishal Garg, the founder and significant shareholder of Better Home & Finance, has announced a major milestone in his bid to overhaul the company's board. According to reports, the Garg Group has secured support from shareholders representing more than 46% of the company's voting power. This support is directed toward a consent solicitation aimed at removing five current directors, signaling a push for a fundamental shift in the company's strategic direction.

This development comes as Garg nears the majority threshold required to force changes in the board's composition. Per market data, shares of BETR closed at $12.06 on September 18, 2026, having traded between a high of $12.66 and a low of $12.03 during that session. The consolidation of nearly half the voting power underscores the growing pressure on the current board to address the demands of activist shareholders seeking a leadership transition.

Investors should watch whether the Garg Group can secure the remaining voting power needed to finalize the board overhaul. Based on the closing price of $12.06 as of September 18, 2026, the stock remains sensitive to the outcome of this governance dispute. Looking ahead, relevant catalysts include upcoming US economic data such as the NY Empire State Manufacturing Index and MBA Mortgage Rate figures, which may influence broader sentiment in the mortgage finance sector.