The Garg Group's claim of >46% voting support, if verified, would put it within striking distance of the majority threshold needed to remove directors. The board's refusal to correct its prior denial suggests a contested vote count; watch for an independent inspector certification or a settlement. If the Garg Group formally delivers consents and the board concedes, the stock could re-rates on governance improvement.
Price Chart
Executive Summary
Founder Vishal Garg escalates his consent solicitation campaign to remove five directors, claiming to have secured consents representing more than 46% of voting power. The Garg Group publicly demands the board correct what it calls materially misleading statements about the level of support, and urges remaining shareholders to submit GREEN consent cards. This filing signals the activist is gaining momentum and is now publicly pressuring the board to acknowledge his vote count.
Key Financial Metrics
Key Facts
- Garg Group claims to have received consents representing more than 46% of Better's voting power.
- Garg Group demands removal of five directors: Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon, and Prabhu Narasimhan.
- Garg Group has identified three independent director candidates: Bing Gordon, David Heidecorn, and Steve Sarracino.
- Garg Group presented evidence of consent count to the Company's General Counsel on September 24, 2026.
- The Company previously issued a press release alleging the Garg Group 'failed to demonstrate almost any support from public shareholders.'
Financial Impact
No specific financial figures disclosed; the consent solicitation outcome determines control of the board and direction of the turnaround strategy.
Risk Factors
- The board may challenge specific consents or claim revocations, delaying or defeating removal.
- The Garg Group's candidates have not yet agreed to serve; appointments require subsequent board approval even if removal succeeds.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DFAN14A Filing (Primary) | 0000921895-26-002639 |
| Document: 0000921895-26-002639-index-headers.html | 0000921895-26-002639 |
| Document: 0000921895-26-002639-index.html | 0000921895-26-002639 |
| Document: 0000921895-26-002639.txt | 0000921895-26-002639 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $17.56 | awaiting T+1 | awaiting T+1 | $20.80 (+18.45%) |
Oct 20, 2026 7d ago | 3 | $15.58 $16.58 | ▲ +6.42% | ▲ +7.60% | $20.80 (+33.50%) |
Oct 19, 2026 8d ago | 144 | $10.53 $11.97 | ▲ +13.68% | ▲ +13.34% | $20.80 (+97.53%) |
Oct 16, 2026 11d ago | SC 13G/A | $10.53 $11.97 | ▲ +13.68% | ▲ +13.34% | $20.80 (+97.53%) |
Oct 16, 2026 11d ago | 3 | $10.53 $11.97 | ▲ +13.68% | ▲ +13.34% | $20.80 (+97.53%) |
Oct 15, 2026 12d ago | 3 | $9.95 $10.53 | ▲ +5.83% | ▲ +5.41% | $20.80 (+109.05%) |
Oct 14, 2026 13d ago | 8-K | $10.76 $9.95 | ▲ +7.53% | ▲ +6.42% | $20.80 (−93.31%) |
Oct 14, 2026 13d ago | 8-K/A | $10.76 $9.95 | ▲ +7.53% | ▲ +6.42% | $20.80 (−93.31%) |
Oct 13, 2026 14d ago | 8-K | $8.12 $10.76 | ▲ +32.51% | ▲ +32.23% | $20.80 (+156.16%) |
Oct 9, 2026 18d ago | 8-K | $9.20 $8.97 | ▲ +2.50% | ▲ +2.49% | $20.80 (−126.09%) |
US Market Status
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