President of Better Mortgage and COO depart company

Better Home & Finance Holding Company has announced the departure of two key executives. Chad M. Smith, President of Better Mortgage Corporation, a wholly-owned subsidiary, and Barry Feierstein, the Company’s Chief Operating Officer, have both left the company.

Discussions regarding Mr. Smith’s separation began in early Summer 2026. A Mutual Separation and General Release Agreement was finalized on September 1, 2026, with his employment ending on September 2, 2026. As part of this agreement, Mr. Smith will receive a lump-sum cash payment of $416,666, which represents five months of his base annual salary. The company will also cover his COBRA premiums for six months. Additionally, 10,000 restricted stock units that would have otherwise been forfeited were accelerated to vest. The Smith Separation Agreement includes standard confidentiality, non-disparagement, and cooperation clauses, and Mr. Smith’s existing indemnification agreement remains active.

Similar discussions with Barry Feierstein, the Chief Operating Officer, also commenced in early summer 2026. A Mutual Separation and General Release Agreement was entered into on September 3, 2026, and became effective the following day, September 4, 2026.

Further details regarding both separation agreements will be made public in the Company's Quarterly Report on Form 10-Q for the quarter ending September 30, 2026, where copies of these agreements will be filed as exhibits. The filing does not disclose the terms of Mr. Feierstein's separation package.