CEO Pete O'Heeron bought 51,500 shares (3 purchases) at blended $0.38 avg amid +32.4% 30-day rebound and cluster buy activity.
O'Heeron executed 3 separate purchases totaling 51,500 shares for $19,530.86 across March 2–4, 2026, at transaction prices ranging from $0.35 to $0.41. This adds 0.9% to his holdings of 5.96M shares post-transaction. The timing coincides with sharp price recovery: the stock has climbed 32.4% over 30 days and 44.4% over 90 days from depressed levels, currently trading at $7.51, -72.8% below its 52-week high of $27.60. Notably, 3 other insiders also bought within the past 14 days, forming a cluster buy pattern. However, the company remains unprofitable (net income $-5.8M), and O'Heeron's own cross-ticker track record shows modest timing accuracy (33.33% 90-day win rate on 9 prior buys, though his single prior FBLG purchase in August 2024 yielded extraordinary 90-day returns of +3787.2%). The CEO's accumulation during a recovery period, without fundamental improvement, warrants investor attention to whether this reflects conviction in turnaround prospects or a routine portfolio adjustment.