William Hugh McCauley Jr. - 13 Feb 2024 Form 4 Insider Report for Abacus Life, Inc. (ABL)

Role
Chief Financial Officer
Signature
/s/ William Hugh McCauley, Jr.
Issuer symbol
ABL
Transactions as of
13 Feb 2024
Net transactions value
$0
Form type
4
Filing time
15 Feb 2024, 21:00:58 UTC
Previous filing
31 Oct 2023
Next filing
09 Jul 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ABL Restricted Stock Unit Award +12,000 12,000 13 Feb 2024 Common Stock 12,000 Direct F1, F2
transaction ABL Non-Qualified Stock Option (Right to Buy) Award $0 +38,363 $0.000000 38,363 13 Feb 2024 Common Stock 38,363 $12.37 Direct F2
holding ABL Restricted Stock Unit 500,000 13 Feb 2024 Common Stock 500,000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, at settlement, one share of the Company's common stock.
F2 Vest equally on each of the first three (3) anniversaries of the grant date.
F3 On October 26, 2023, the Issuer awarded the Reporting Person 500,000 time-based Restricted Stock Units ("RSUs"), ten percent (10%) of which will vest on Jul 3, 2024, and the remaining ninety percent (90%) of which will vest on July 3, 2026, subject to the terms and conditions of the Issuer's 2023 Long-Term Equity Compensation Incentive Plan (the "Plan") and the RSU award agreement. Upon vesting, each RSU shall be converted to an equivalent number of shares of the Issuer's common stock (or, at the Issuer's option, its cash equivalent).