{"url_path":"/sec/btbd/10-q/2026/item-5","section_key":"item-5","section_title":"Item 5 OTHER INFORMATION**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-18","source_url":"https://www.sec.gov/Archives/edgar/data/1718224/0001477932-26-003265-index.html","accession_number":"0001477932-26-003265","cik":"0001718224","ticker":"BTBD","issuer_name":"BT Brands, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1718224/0001477932-26-003265-index.html","primary_entity_key":"0001718224","primary_entity_name":"BT Brands, Inc."},"word_count":247,"has_tables":true,"body_markdown":"**ITEM 5. OTHER INFORMATION**\n\n \n\nOn April 20, 2026, the Board of Directors of BT Brands, Inc. (the “Company”) approved and adopted an Amended and Restated Insider Trading Policy (the “Revised Policy”), which replaced the Company’s prior insider trading policy previously filed as Exhibit 19.1 to the Company’s Annual Report on Form 10-K filed on April 1, 2024. The Revised policy primarily modifies the prior policy by: (i) eliminating the mandatory, standing quarterly trading blackout periods in favor of a flexible framework under which the Compliance Officer implements event-driven “special blackout periods” based on pending material developments; and (ii) expanding the pre-clearance requirements to mandate that all members of the Board of Directors and executive officers must pre-clear all transactions in Company securities at all times, rather than only during active blackout windows.\n\n \n\nOn May 14, 2026, BT Brands, Inc. (the “Company”) terminated that certain Equity Distribution Agreement, dated December 16, 2024 (the “Agreement”), by and between the Company and Maxim Group LLC (“Maxim”). Under the terms of the Agreement, the Company could from time to time offer and sell shares of its common stock, par value $.002 per share, through or to Maxim, as sales agent or principal, in an at-the-market offering. The Company elected to terminate the Agreement in accordance with its terms, and no further shares will be offered or sold thereunder. The Company did not incur any termination penalties in connection with the termination of the Agreement.\n\n \n\nPage 28 of 30\n\n*Table of Contents*"}