First Breach CEO holds 20.6M shares, option grants
First Breach, Inc. files an initial Form 3 showing significant direct common stock and option holdings by its CEO and director.
Rhea-AI Filing Summary
First Breach, Inc. (FBDT) discloses the initial equity holdings of CEO and director Jeffrey Irwin Low. He directly holds 20,607,100 shares of common stock, including 6,000,000 shares of restricted common stock, of which 4,125,000 are fully vested and 1,312,500 are scheduled to vest on October 1, 2026.
Low also holds fully vested employee stock options to purchase common stock: options over 2,500,000 shares at an exercise price of $1.00 expiring August 12, 2035, options over 1,300,000 shares at $1.46 expiring March 12, 2032, and options over 6,095,741 shares at $1.00 expiring November 24, 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
LOW JEFFREY IRWIN
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Options (right to buy) F2 | -- | -- | -- |
| holding | Employee Stock Options (right to buy) F2 | -- | -- | -- |
| holding | Employee Stock Options (right to buy) F2 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options (right to buy) — 9,895,741 contracts (Direct);
Common Stock — 20,607,100 shares (Direct)
Footnotes (2)
- F1. Of such shares, 6,000,000 shares of restricted common stock were granted pursuant to Issuer's Omnibus Securities and Incentive Plan and 4,125,000 shares are fully vested. The remaining 1,312,500 shares vest on October 1, 2026.
- F2. Employee stock options (right to buy) ("Options") which are fully vested.
Key Figures
Direct common stock holdings: 20,607,100 shares
Restricted common stock: 6,000,000 shares
Vested restricted common stock: 4,125,000 shares
+4 more
7 metrics
Direct common stock holdings
20,607,100 shares
Common stock held directly by CEO Jeffrey Irwin Low as reported
Restricted common stock
6,000,000 shares
Restricted shares granted under Omnibus Securities and Incentive Plan
Vested restricted common stock
4,125,000 shares
Portion of restricted common stock that is fully vested
Unvested restricted common stock
1,312,500 shares
Restricted shares scheduled to vest on October 1, 2026
Options at $1.00 expiring 2035
2,500,000 underlying shares
Employee stock options fully vested, exercise price $1.00, expire August 12, 2035
Options at $1.46 expiring 2032
1,300,000 underlying shares
Employee stock options fully vested, exercise price $1.46, expire March 12, 2032
Options at $1.00 expiring 2031
6,095,741 underlying shares
Employee stock options fully vested, exercise price $1.00, expire November 24, 2031
Key Terms
restricted common stock, Omnibus Securities and Incentive Plan, Employee stock options (right to buy), fully vested
4 terms
restricted common stock financial
"Of such shares, 6,000,000 shares of restricted common stock were granted"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
Omnibus Securities and Incentive Plan financial
"were granted pursuant to Issuer's Omnibus Securities and Incentive Plan"
Employee stock options (right to buy) financial
"Employee stock options (right to buy) ("Options") which are fully vested."
fully vested financial
"Employee stock options (right to buy) ("Options") which are fully vested."
FAQ
What does First Breach, Inc. (FBDT) report in this Form 3 filing?
The filing reports CEO and director Jeffrey Irwin Low’s initial equity holdings, including 20,607,100 common shares held directly and several fully vested employee stock option grants over additional shares of common stock.
What stock options of First Breach (FBDT) does the CEO hold and at what exercise prices?
He holds fully vested employee stock options over 2,500,000 shares at $1.00 expiring in 2035, 1,300,000 shares at $1.46 expiring in 2032, and 6,095,741 shares at $1.00 expiring in 2031, each for First Breach common stock.
Are the CEO’s First Breach (FBDT) stock options vested according to the Form 3?
Yes. The footnotes state that the employee stock options (right to buy) reported for the CEO are fully vested, meaning they are currently exercisable for the underlying shares of First Breach common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
