All Four Leading AI Models Reviewed by Proxyanalyst Conclude Shareholders Should Support Better’s Special Committee and Reject Mr. Garg’s Consent Solicitation

Independent Analysis Raises Concerns Regarding Garg’s Track Record, Conduct and Credibility

Company Website: https://investors.better.com/overview/default.aspx
NEW YORK -- (Business Wire)

The Special Committee of the Board of Directors (the “Special Committee”) of Better Home & Finance Holding Company (NASDAQ: BETR) (“Better” or the “Company”) today highlighted the findings of an independent analysis of the consent solicitation being conducted by the Company’s former CEO, Vishal Garg.

Proxyanalyst, an independent, AI-driven proxy analysis service, instructed four leading AI models—Claude, Gemini, Grok and OpenAI—to review the proxy materials of Better and Mr. Garg and other relevant data and generate analyses and conclusions. All four models concluded that Better shareholders should reject Mr. Garg’s self-serving effort to remove five of the eight members of the Company’s Board of Directors (the “Board”), replace them with his hand-picked candidates and return himself to a leadership role at the Company.

The full Proxyanalyst analysis, which indicated “Strong” confidence in the conclusion that shareholders should reject Mr. Garg’s campaign, can be read here.

In reaching their determinations, the AI models highlighted the significant risk if Mr. Garg were to succeed in removing a majority of Better’s Board without identifying a single replacement director, giving him virtually unfettered control over Better.

The AI model analyses reviewed by Proxyanalyst also noted the following:

• Mr. Garg’s record as CEO significantly undermines his case for returning to power. Better generated substantial net losses during Mr. Garg’s tenure and the Company’s stock price declined significantly following its 2023 de-SPAC transaction.
• Mr. Garg’s proposal could create significant governance and Nasdaq compliance risks.
• Mr. Garg’s conduct during his campaign, including his misrepresentation of shareholder support for his consent solicitation, raises further concerns regarding his credibility.
• Better’s current path provides shareholders with a more credible opportunity to create long-term value.

The Special Committee issued the following statement:

The Proxyanalyst conclusion and the unanimity of the independent AI models reinforce our conviction that Mr. Garg’s campaign is not in the best interests of the Company or its shareholders. Mr. Garg is asking shareholders to take an extraordinary and destructive action without providing them with the most basic information necessary to make an informed decision about the future of the Company.

Mr. Garg led Better for more than a decade and had every opportunity to achieve consistent profitability and create value for shareholders, but he failed to do so. It is time for Better to move forward. We believe our shareholders, employees, customers and partners deserve stability, transparency and a thoughtful transition to the Company’s next generation of leadership—not another period of uncertainty and disruption.

The Special Committee urges Better shareholders NOT to sign or return Mr. Garg’s Green consent card. Shareholders who have previously signed or returned a Green consent card can revoke that consent by signing, dating and returning the Company’s WHITE Consent Revocation Card.

About Better

Better Home & Finance Holding Company (NASDAQ: BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Better has leveraged its industry-leading AI platform, Tinman®, to achieve its singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, the first AI loan agent built exclusively for the mortgage industry, revolutionizes the homebuying journey by answering questions, delivering approvals, comparing products, processing rate locks, and moving their loan application along to closing 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage and home equity loans. Better serves customers in all 50 US states and the United Kingdom.

For more information, follow @SaveBETR and @betrmortgage on X and @betterdotcom on Instagram and TikTok.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not historical facts should be considered forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “could,” “would,” “project,” “plan,” “target,” or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual future events to differ materially from those expressed or implied by the forward-looking statements in this communication. These risks and uncertainties include those risks discussed in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2026 and June 30, 2026, as any such factors may be updated from time to time in the Company’s other filings with the SEC. New risks and uncertainties arise from time to time, and it is impossible for Better to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Better undertakes no obligation, except as required by law, to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.

Important Additional Information and Where to Find It

The Company has filed with the U.S. Securities and Exchange Commission (the "SEC") a definitive consent revocation statement dated August 28, 2026, together with an accompanying WHITE consent revocation card, in opposition to the solicitation of written consents by Vishal Garg and the members of his group (collectively, the "Garg Group") seeking to remove members of the Company's Board of Directors. INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE CONSENT REVOCATION STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and stockholders will be able to obtain copies of the consent revocation statement, any amendments or supplements thereto and any other documents filed by the Company with the SEC free of charge at the SEC's website (www.sec.gov) and at the Company's investor relations website (investors.better.com).

Participants in the Solicitation

The Company, members of its Board of Directors and certain of its executive officers and employees may be deemed to be “participants” (as defined in Instruction 3 to Item 4 of Schedule 14A under the Securities Exchange Act of 1934, as amended) in the solicitation of revocations of consent from the Company's stockholders in connection with the Garg Group's consent solicitation. Information regarding such persons and their direct or indirect interests in the Company, by security holdings or otherwise, is set forth in the Company's definitive consent revocation statement, filed with the SEC on August 28, 2026. This document may be obtained free of charge from the sources indicated above.

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Contacts:

For investor relations related inquiries, please reach out to ir@better.com.

For press and media related inquiries, please reach out to comms@better.com.

Source: Better Home & Finance Holding Company