Better Home & Finance says board fires CEO Vishal Garg amid control push

Reuters2026/08/14 12:32

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Better board voted unanimously, excluding Vishal Garg, to terminate him as CEO over concerns about judgment, temperament, credibility.
Board cited cumulative GAAP net losses exceeding $1.5 billion since 2022; stock down more than 90% under Garg.
Garg is seeking to regain control; he urged five directors to resign to restore effective control to him.
Board blamed a delayed Form 10-Q filing on Garg’s refusal to sign required representation letters.
Directors reviewed communications that counsel believes may indicate potential U.S. securities law violations involving Garg; shareholders need take no action.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Better Home & Finance Holding Company published the original content used to generate this news brief via Business Wire (Ref. ID: 202608140832BIZWIRE_USPR_____20260814_BW387926) on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Better Home & Finance says board fires CEO Vishal Garg amid control push

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