Abacus Global (ABX) 10% owner shifts 38K shares into exchange fund
Rhea-AI Filing Summary
Kirby Kevin Scott reported reported sale transactions in this Form 4 filing.
Abacus Global Management, Inc. ten percent owner Kirby Kevin Scott reported a disposition of 38,334 shares of common stock on August 3, 2026. The shares were contributed to the Fidelity Exchange Fund in exchange for an interest in the fund and valued at $10.31 per share using the July 31, 2026 closing price. After the transaction he directly held 12,610,305 shares and indirectly held 86,207 shares through an LLC jointly owned with his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 38,334 shares
Net Sell
2 txns
Insider
Kirby Kevin Scott
Role
10% Owner
Sold
38,334 shs ($395K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 38,334 | $10.31 | $395K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,610,305 shares (Direct);
Common Stock — 86,207 shares (Indirect, By LLC jointly owned with spouse)
Footnotes (1)
- F1. Represents shares of the Issuer's common stock contributed by the Reporting Person to the Fidelity Exchange Fund (the "Fund") in exchange for an interest in the Fund, pursuant to a contribution arrangement among the Reporting Person and the Fund. The shares were held in escrow pending the contribution and were valued using the Issuer's closing share price on July 31, 2026; the contribution to the Fund was completed on August 3, 2026.
Key Figures
Shares disposed: 38,334 shares of Common Stock
Per-share valuation: $10.31 per share
Direct holdings after transaction: 12,610,305 shares
+1 more
4 metrics
Shares disposed
38,334 shares of Common Stock
Contributed on August 3, 2026 to the Fidelity Exchange Fund
Per-share valuation
$10.31 per share
Value based on closing share price on July 31, 2026 for the contribution
Direct holdings after transaction
12,610,305 shares
Directly owned Abacus Global common stock following the reported disposition
Indirect holdings after transaction
86,207 shares
Indirectly owned via an LLC jointly owned with spouse
Key Terms
Fidelity Exchange Fund, escrow, ten percent owner, indirect ownership
4 terms
Fidelity Exchange Fund financial
"shares were contributed to the Fidelity Exchange Fund in exchange for an interest"
escrow financial
"The shares were held in escrow pending the contribution and were valued"
A neutral third party holds money, documents, or assets until both sides in a transaction meet agreed conditions, like a safety deposit box that only opens when everyone fulfills the rules. For investors, escrow reduces risk and increases certainty by ensuring payments or shares are released only when contractual steps are completed, which affects deal timing, legal protection, and the likelihood that a transaction will close as planned.
ten percent owner financial
"Reporting Person is a ten percent owner of the issuer"
indirect ownership financial
"Indirect holdings reported as By LLC jointly owned with spouse"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Abacus Global (ABX) insider Kirby Kevin Scott report in this Form 4?
Kirby Kevin Scott reported disposing of 38,334 shares of Abacus Global common stock on August 3, 2026. The shares were contributed to the Fidelity Exchange Fund in exchange for an interest in the fund rather than sold in an open market transaction.
What are Kirby Kevin Scott’s Abacus Global (ABX) holdings after the transaction?
After the contribution, he directly held 12,610,305 shares of Abacus Global common stock. He also indirectly held an additional 86,207 shares through an LLC that is jointly owned with his spouse, reflecting continued substantial ownership.
Was the Abacus Global (ABX) transaction an open market sale?
No. Although coded as a disposition, the 38,334 shares were contributed to the Fidelity Exchange Fund in exchange for an interest in that fund. The shares were held in escrow pending the contribution and then transferred, not sold in the open market.
Did the Abacus Global (ABX) Form 4 indicate a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox was not marked as an affirmative plan. The footnote describes a contribution arrangement with the Fidelity Exchange Fund, but does not indicate that the transaction occurred under a Rule 10b5-1 trading plan.
How do the valuation and completion dates differ for this Abacus Global (ABX) transaction?
The contributed shares were valued using Abacus Global’s July 31, 2026 closing share price. However, the contribution to the Fidelity Exchange Fund was completed on August 3, 2026, when the 38,334 shares were formally transferred in exchange for a fund interest.