Abacus insider reports RSU tax-withholding shares
Abacus Global Management, Inc. insider Kirby Kevin Scott, a ten percent owner, reported a routine tax-related share disposition tied to restricted stock units (RSUs).
Rhea-AI Filing Summary
Abacus Global Management, Inc. insider Kirby Kevin Scott, a ten percent owner, reported a routine tax-related share disposition tied to restricted stock units (RSUs).
The company withheld 27,773 shares of Common Stock at $9.08 per share to cover tax withholding obligations upon RSU vesting, described as a “withhold to cover” transaction rather than an open-market sale. After this event, Scott directly held 12,648,639 shares of Common Stock and indirectly held 86,207 shares through an LLC jointly owned with his spouse, indicating the disposition is small relative to his overall position.
Positive
- None.
Negative
- None.
Insights
Routine RSU tax withholding; no open-market trading signal.
The filing shows 27,773 shares withheld at $9.08 per share to satisfy tax obligations on RSU vesting. Code F and the footnote confirm this is a withhold to cover transaction, not a discretionary sale into the market.
After the transaction, Kirby Kevin Scott still holds 12,648,639 direct shares and 86,207 indirect shares, so the withheld amount is a small fraction of his stake. With no derivative positions listed and no 10b5‑1 language, this appears to be standard equity compensation tax handling rather than a change in investment view.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 27,773 | $9.08 | $252K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Represents shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The Reporting Person has elected to satisfy tax withholding obligations through a "withhold to cover" transaction.
Key Figures
Key Terms
RSUs financial
withhold to cover financial
tax withholding obligations financial
ten percent owner regulatory
Form 4 regulatory
FAQ
What insider transaction did Abacus Global Management (ABL) report in this Form 4?
What is the significance of transaction code F in the ABL Form 4?
How large is the RSU tax withholding compared with the insider’s ABL holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.