[Form 4] Abacus Global Management, Inc. Insider Trading Activity

Rhea-AI Filing Summary

William H. McCauley Jr., Chief Financial Officer of Abacus Global Management, Inc., reported the vesting and acquisition of 283,333 shares of the issuer's common stock on July 3, 2025 following scheduled and modified restricted stock unit (RSU) awards. The Form 4 shows 0 cash paid for these shares and lists 795,000 shares beneficially owned after the transaction. The filing explains the 283,333-share vesting represents two-thirds of an October 27, 2023 RSU grant (including a March 27, 2025 modification) and details additional time-based RSUs that remain outstanding and will vest in future years, including grants from October 27, 2023; February 13, 2024; December 13, 2024; and April 2, 2025.

Positive

• 283,333 shares vested and were acquired by the CFO on July 3, 2025, increasing insider ownership
• The filing transparently discloses the March 27, 2025 modification to the October 27, 2023 RSU grant and the resulting vesting schedule
• Detailed schedule of outstanding time-based RSUs provided, showing future vesting dates through 2028

Negative

• 795,000 shares are beneficially owned after the transaction, and multiple large RSU grants remain outstanding that will vest in future years
• The transaction reflects issuance/vesting of shares at $0 cash price, which increases insider-held shares without an open-market purchase

Insights

Financial Analyst

TL;DR: Insider acquired 283,333 shares via RSU vesting, raising beneficial ownership to 795,000 shares; no cash paid.

The transaction is a routine insider vesting event rather than an open-market purchase or sale. The filing records the conversion of RSUs into common stock at no cash price, increasing the reporting person's direct holdings to 795,000 shares. Multiple outstanding time-based RSU grants remain scheduled to vest over 2025–2028, which could further increase insider holdings over time. This is informational for ownership tracking but does not disclose any cash consideration or open-market activity.

Corporate Governance Expert

TL;DR: The Form 4 documents standard compensation vesting and a prior RSU modification; it raises governance transparency on executive equity.

The filing explicitly explains a March 27, 2025 modification to an October 27, 2023 RSU award that altered the vesting schedule to one-third annually on July 3 of 2024–2026. It also catalogs additional RSU grants with staggered vesting through 2028. These disclosures provide clear traceability of executive equity compensation and timing, which is useful for assessing alignment with shareholder interests.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

McCauley William Hugh JR

(Last) (First) (Middle)

2101 PARK CENTER DRIVE, SUITE 200

(Street)

ORLANDO FL 32835

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Abacus Global Management, Inc. [ ABL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/03/2025		A		283,333(1)	A	$0	795,000(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the vesting of 283,333 shares on July 3, 2025, which reflects the vesting of 2/3 of the RSUs granted to the Reporting Person on October 27, 2023, to account for the vesting of 166,667 shares on July 3, 2025, plus the vesting of an additional 116,666 shares from the October 27, 2023 RSU grant following the Issuer's modification of the October 27, 2023 RSU grant terms that, as revised on March 27, 2025, provides for the vesting of one-third of the grant on each of July 3 of 2024, 2025 and 2026.

2. Includes certain time-based RSUs that remain outstanding that will vest and be converted to a like number of the Issuer's common stock that were previously reported on Table II, including (i) 166,667 time-based RSUs granted on October 27, 2023, and revised on March 27, 2025, providing that, as revised, effective July 3, 2025 one-third of the RSUs are to vest on July 3 of each of 2024, 2025, and 2026 and (ii) 8,000 time-based RSUs granted on February 13, 2024, one third of which will vest on February 13 of each of 2025, 2026, and 2027, (iii) 125,000 time-based RSUs granted on December 13, 2024, one third of which will vest on December 13 of each of 2025, 2026, and 2027, and (ii) 125,000 time-based RSUs granted on April 2, 2025, one third of which will vest on March 27 of each of 2026, 2027, and 2028.

	/s/ William McCauley	09/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did ABLLL insider William McCauley report on Form 4?

The Form 4 reports the vesting and acquisition of 283,333 common shares on July 3, 2025, resulting in 795,000 shares beneficially owned.

Were any shares purchased with cash in this transaction for ABLLL?

No; the filing shows the shares were issued on vesting of RSUs with a reported price of $0.

Which RSU grants contributed to the July 3, 2025 vesting?

The vesting reflects 2/3 of the October 27, 2023 RSU grant (as modified March 27, 2025) and additional RSU amounts summarized in the filing.

How many outstanding RSUs remain and when will they vest?

The filing lists outstanding time-based RSUs from grants on Oct 27, 2023; Feb 13, 2024; Dec 13, 2024; and Apr 2, 2025, with vesting scheduled through 2028.

Does the Form 4 disclose any sales or open-market trades by the reporting person?

No; the Form 4 shows only RSU vesting (acquisitions) and does not report any dispositions or open-market transactions.