Amendment: Co-Founder and President Kirby Kevin Scott bought $497,759 worth of shares (86,207 units at $5.77) (SEC Form 4)
$ABX
Investment Managers
Finance
| 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). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Abacus Global Management, Inc. [ ABX ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/13/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) 06/04/2025 |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | 12,369,200 | D | ||||||||
| Common Stock | 06/04/2025 | P | 86,207 | A | $5.774 | 86,207(1) | I | By LLC jointly owned with spouse | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
| Restricted Stock Unit | (2) | 02/13/2025 | A | 8,000 | (3) | (3) | Common Stock | 16,000 | $0 | 97,856(2) | D | ||||
| Explanation of Responses: |
| 1. On 6/4/2025 the Reporting Person (RP) filed a Form 4 that disclosed that the RP acquired 8,000 shares of Common Stock (CS) as the result of a vesting of a Restricted Stock Unit (RSU) award. However, those shares were inadvertently not included in the total number of shares directly held by the RP. Additionally, the Form 4 disclosed that the RP acquired 86,207 shares that are indirectly held through a limited liability company with the RP's spouse. However, these shares were inadvertently added to the RP's total direct holdings, thereby causing the RP's direct holdings to be incorrectly stated. Further, when adding these indirectly held shares to the total shares directly reported, 8 shares were erroneously included. As such, this amendment adds the 8,000 shares to the RP's direct holdings and adds a new row to Table I to disclose the RP's indirect holdings. It also removes 86,215 shares from the RP's direct holdings. |
| 2. RSUs convert into Common Stock on a one-for-one basis. |
| 3. On June 4, 2025, the Reporting Person reported in Table I the vesting of 8,000 shares pursuant to the Reporting Person's grant of 24,000 RSUs from the company on February 13, 2024, which vest in three equal installments of 8,000 on each of the first three anniversaries of the grant. However, the report failed to amend Table II to reflect the vesting and the change in the number of derivative securities outstanding. |
| Remarks: |
| Kevin Scott Kirby | 02/18/2026 | |
| ** 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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||