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Founder Vishal Garg Says He Has Voting Majority as Better Board Rejects Call to Reinstate Him

The dispute sets up a likely shareholder fight and legal showdown that could affect Better’s delayed filings, leadership and investor confidence.

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Vishal Garg, founder and chief executive officer of Better, at the Semafor World Economy Summit during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington, DC, US, on Wednesday, April 15, 2026. The International Monetary Fund downgraded its growth projection for the year after the war in the Middle East triggered a major oil shock and included the possibility of a downturn if the conflict drags on and energy infrastructure is severally damaged.
Vishal Garg challenged his removal as Better CEO.
Vishal Garg was ousted as CEO of Better Home & Finance nearly five years after his controversial mass layoffs. (Representational imafe created using AI)

Overview

  • Vishal Garg says he has secured signed shareholder declarations that represent a majority of Better’s voting power and has retained attorney Alex Spiro to press for a special meeting or other actions to regain control.
  • Better’s board, excluding Garg, says it unanimously voted to remove him as CEO and accuses him of refusing to sign representation letters that caused a delayed Form 10-Q and of communications that counsel believes may implicate U.S. securities laws.
  • The company reported a Q2 adjusted EBITDA loss of $14 million and warned Q3 will be worse, undermining the turnaround timeline Garg and management had set for late 2026.
  • Some reports cite sources saying the dissident bloc represents roughly 52% of voting power and could force a vote to remove interim CEO Daniel Lewis and several directors, though those figures come from limited, unnamed sources.
  • The outcome will shape near-term corporate moves Garg has proposed, including a $30 million buyback, a $5 million personal stock plan and completion of a planned sale of Better’s U.K. banking business, and it will test investor faith after years of post‑SPAC losses and reputational hits.