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Abacus Global 10% holder to sell 500K shares

Abacus Global Management, Inc. (ABX) received a notice that 10% shareholder Kevin Scott Kirby, through J.P.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Abacus Global Management, Inc. (ABX) received a notice that 10% shareholder Kevin Scott Kirby, through J.P. Morgan Securities LLC, plans to sell up to 500,000 shares of common stock under Rule 144, with an aggregate market value of $4,535,000 as of the planned sale date.

The broker’s notice lists that the shares were acquired through a mix of restricted stock units, open‑market purchases, and IPO shares between June 30, 2023 and May 8, 2026. The sale is expected to occur on September 18, 2026 or within three months of the notice, with 97,792,249 shares outstanding as a baseline figure, not the amount being sold.

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Shares proposed for sale 500,000 shares Common stock to be sold through J.P. Morgan Securities LLC under Rule 144
Aggregate market value of proposed sale $4,535,000 Value of 500,000 shares of common stock covered by the notice
Shares outstanding 97,792,249 shares Common shares outstanding referenced in the notice
RSUs acquired February 13, 2025 8,000 shares Common stock from restricted stock units used for compensation
RSUs acquired February 13, 2026 5,614 shares Common stock from restricted stock units used for compensation
RSUs acquired April 2, 2026 27,285 shares Common stock from restricted stock units used for compensation
RSUs acquired May 8, 2026 42,808 shares Common stock from restricted stock units used for compensation
IPO shares received 330,086 shares Common stock from IPO shares received June 30, 2023 for services rendered
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Form 144 regulatory
"144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Restricted Stock Units financial
"Common Stock | 02/13/2025 | Restricted Stock Units | Issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
IPO shares financial
"Common Stock | 06/30/2023 | IPO shares | Issuer"
Open Market financial
"Common Stock | 06/04/2025 | Purchase | Open Market"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many ABX shares are proposed to be sold in this Form 144 notice?

The notice covers up to 500,000 shares of Abacus Global Management, Inc. common stock proposed to be sold through J.P. Morgan Securities LLC under Rule 144.

What is the aggregate market value of the ABX shares covered by this Form 144?

The planned sale covers an aggregate market value of $4,535,000 of Abacus Global Management, Inc. common stock, based on the figures stated in the broker section.

How many ABX shares were outstanding at the time of the Rule 144 notice?

The notice reports 97,792,249 shares outstanding of Abacus Global Management, Inc. common stock as a baseline figure, which is separate from the 500,000 shares covered by the planned sale.

Who is selling ABX shares under this Form 144 and through which broker?

The notice is for sales on behalf of Kevin Scott Kirby, identified as a 10% shareholder, with J.P. Morgan Securities LLC acting as agent and attorney‑in‑fact for the proposed Rule 144 sale.

When are the ABX shares expected to be sold under this Rule 144 notice?

The remarks state that the shares covered will be sold on September 18, 2026 or within three months from the date of the notice, consistent with Rule 144 timing requirements.

How were the ABX shares to be sold originally acquired?

The notice lists acquisitions via restricted stock units on several dates in 2025 and 2026, an open‑market purchase on June 4, 2025, and IPO shares received on June 30, 2023 for services rendered.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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