Terrence M. Pegula - Oct 13, 2023 Form 4 Insider Report for Abacus Life, Inc. (ABL)

Role
10%+ Owner
Signature
Terrence M. Pegula /s/ Terrence M. Pegula
Stock symbol
ABL
Transactions as of
Oct 13, 2023
Transactions value $
$0
Form type
4
Date filed
10/17/2023, 05:00 PM
Previous filing
Jul 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABL Common Stock Other +2.8M +32.52% 11.4M Oct 13, 2023 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 30, 2023, pursuant to that certain Agreement and Plan of Merger, dated as of August 30, 2022 (as amended, the "Merger Agreement"), by and among Abacus Life, Inc. (the "Issuer"), LMA Merger Sub, LLC, Abacus Merger Sub, LLC, Longevity Market Assets, LLC and Abacus Settlements, LLC, the Issuer completed its initial business combination. On October 13, 2023, each of Jay Jackson, Todd Sean McNealy, Kevin Scott Kirby and Matthew A. Ganovsky (each a "Transferor" and together, the "Transferors") and East Sponsor, LLC ("East Sponsor"), to achieve their intended allocation of shares under the Merger Agreement, entered into a Transfer Agreement under which each of the Transferors agreed to and did convey to East Sponsor, and East Sponsor accepted from each Transferor, free and clear of all encumbrances, 700,500 of their respective shares of Issuer's Common Stock.
F2 East Sponsor is the record holder of these securities. East Asset Management, LLC ("East Asset Management") is the managing member of East Sponsor. As a result, East Asset Management may be deemed to share beneficial ownership of the securities held by East Sponsor.
F3 Trusts controlled by Terrence M. Pegula are the sole members of East Asset Management. As such, Mr. Pegula may be deemed to share beneficial ownership of the securities held by East Sponsor. Mr. Pegula disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein.