[Form 4] Abacus Global Management, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abacus Global Management, Inc. Co-Founder and President Kirby Kevin Scott reported an acquisition of 211,742 shares of Common Stock as a compensation grant. These shares represent Restricted Stock Units tied to performance goals that have now been met and will vest in three equal annual installments starting from the grant date. Following this grant, Scott directly holds 12,676,412 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kirby Kevin Scott
Role
Co-Founder and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 211,742 | $10.10 | $2.14M |
Holdings After Transaction:
Common Stock — 12,676,412 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Abacus Global (ABX) report for Kirby Kevin Scott?
Abacus Global reported that Co-Founder and President Kirby Kevin Scott acquired 211,742 shares of Common Stock through a grant of Restricted Stock Units. The award is compensation-related rather than an open-market purchase, reflecting previously established performance-based vesting conditions that have now been satisfied.
Was the Abacus Global (ABX) insider transaction an open-market buy or a grant?
The transaction was a grant of Restricted Stock Units, not an open-market purchase. The Form 4 uses code A, described as a grant or award acquisition, and the footnote confirms it reflects performance-based RSUs that became earned after meeting criteria.
How many Abacus Global (ABX) RSUs were granted to Kirby Kevin Scott?
Kirby Kevin Scott received 211,742 Restricted Stock Units from Abacus Global Management. These units became subject to time-based vesting after the company confirmed performance criteria were satisfied, and they convert into shares of Common Stock as vesting occurs over future years.
What are the vesting terms of the Abacus Global (ABX) RSUs granted to Kirby Kevin Scott?
The 211,742 RSUs vest in three equal installments. One-third of the units that met the performance-based criteria vests on each of the first three anniversaries of the original grant date, creating a multi-year incentive tied to Scott’s continued service with the company.
What performance conditions applied to the Abacus Global (ABX) RSUs granted to Kirby Kevin Scott?
The RSUs were originally granted subject to performance-based vesting criteria set as of May 8, 2025. According to the disclosure, those performance conditions have now been satisfied, allowing the award to transition to time-based vesting over three annual installments from the grant date.