First Breach (FBDT) CEO Jeffrey Low Rescinds 6,000,000-Share Award

What Happened

• Jeffrey Irwin Low, CEO and director of First Breach, Inc. (FBDT), reported an "other acquisition or disposition (J)" on 2026-09-28 that disposes of 6,000,000 shares. The filing shows no per-share price or total value because the transaction was a rescission (cancellation) of a previously granted restricted stock award, not an open-market sale or purchase.
• Footnote disclosure states the restricted stock award granted January 23, 2026, was rescinded ab initio by mutual agreement and the award terms were revoked in full. No consideration was paid or promised to either party in connection with the rescission.

Key Details

• Transaction date: 2026-09-28; Form 4 filed: 2026-09-30 (appears timely under the standard two-business-day rule).
• Transaction type/code: "Other acquisition or disposition (J)" — here used to report the rescission/cancellation of a restricted stock award.
• Shares involved: 6,000,000 shares rescinded; price: N/A; total value: N/A.
• Shares owned after transaction: Not specified in this filing (check prior Form 4s or the company's filings for ownership totals).
• Notable footnotes: Rescission agreement revoked the January 23, 2026 award in full and states no consideration was exchanged.

Context

• This action cancels a prior award and is not a market sale or cash transaction, so it does not reflect proceeds to the insider. For investors, a rescission reduces the number of potential shares that could have been issued (affecting dilution), but it should not be interpreted as a typical buy/sell insider signal.