Kirby Kevin Scott 4

What Happened

• Kirby Kevin Scott, a reported 10% owner of Abacus Global Management, Inc. (ABX), was reported on Form 4 to have acquired 211,742 shares via an award (code A) on 2026-03-12 at an attributed price of $10.10 per share — total value reported $2,138,594. This acquisition reflects the conversion/granting of Restricted Stock Units (RSUs) after performance-based vesting criteria were satisfied.

Key Details

• Transaction date and terms: 2026-03-12; 211,742 shares at $10.10 each; total ~$2,138,594.
• Filing date: Form 4 filed 2026-03-16 (4 days after the transaction); this exceeds the typical 2-business-day reporting window under Section 16.
• Shares owned after transaction: not specified in the information provided in this summary (not disclosed in the data supplied).
• Footnote: These are RSUs that were subject to performance-based vesting (performance criteria satisfied); the RSUs vest one-third on each of the first three anniversaries of the grant date.
• Transaction code: A = Award/Grant/Acquisition (not an open-market purchase or sale).

Context

• These were restricted stock units tied to performance rather than an open-market purchase; they convert to shares subject to future vesting (one-third per year for three years), so they remain partially restricted for investors considering insider alignment.
• As a 10% owner, Scott’s award is sizable and appears to be compensation-related rather than a discretionary market trade. The late filing reduces short-term transparency but does not by itself indicate misconduct; investors typically view awards differently than purchases or sales when interpreting insider activity.