Abacus Global Management (ABL) insider corrects holdings, adds 86,207-share buy
Rhea-AI Filing Summary
Abacus Global Management insider Kirby Kevin Scott, a co-founder, president and 10% owner, filed an amended Form 4 to correct how his holdings are reported. The amendment reflects an open-market purchase of 86,207 shares of common stock at $5.774 per share held indirectly through an LLC jointly owned with his spouse, and a prior grant of 8,000 restricted stock units that convert into common stock on a one-for-one basis. The footnotes explain that a June 4 report misclassified 86,215 shares as directly owned and omitted the 8,000 vested shares, so this filing moves those shares to the correct direct and indirect categories and updates the remaining RSU balance from a 24,000-unit award vesting in three equal 8,000-share installments.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 86,207 | $5.774 | $498K |
| Grant/Award | Restricted Stock Unit | 8,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. On 6/4/2025 the Reporting Person (RP) filed a Form 4 that disclosed that the RP acquired 8,000 shares of Common Stock (CS) as the result of a vesting of a Restricted Stock Unit (RSU) award. However, those shares were inadvertently not included in the total number of shares directly held by the RP. Additionally, the Form 4 disclosed that the RP acquired 86,207 shares that are indirectly held through a limited liability company with the RP's spouse. However, these shares were inadvertently added to the RP's total direct holdings, thereby causing the RP's direct holdings to be incorrectly stated. Further, when adding these indirectly held shares to the total shares directly reported, 8 shares were erroneously included. As such, this amendment adds the 8,000 shares to the RP's direct holdings and adds a new row to Table I to disclose the RP's indirect holdings. It also removes 86,215 shares from the RP's direct holdings.
- F2. RSUs convert into Common Stock on a one-for-one basis.
- F3. On June 4, 2025, the Reporting Person reported in Table I the vesting of 8,000 shares pursuant to the Reporting Person's grant of 24,000 RSUs from the company on February 13, 2024, which vest in three equal installments of 8,000 on each of the first three anniversaries of the grant. However, the report failed to amend Table II to reflect the vesting and the change in the number of derivative securities outstanding.
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