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

Role
Chief Financial Officer
Signature
/s/ William Hugh McCauley, Jr.
Stock symbol
ABL
Transactions as of
Feb 13, 2024
Transactions value $
$0
Form type
4
Date filed
2/15/2024, 09:00 PM
Previous filing
Oct 31, 2023
Next filing
Jul 9, 2024

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 +12K 12K Feb 13, 2024 Common Stock 12K Direct F1, F2
transaction ABL Non-Qualified Stock Option (Right to Buy) Award $0 +38.4K $0.00 38.4K Feb 13, 2024 Common Stock 38.4K $12.37 Direct F2
holding ABL Restricted Stock Unit 500K Feb 13, 2024 Common Stock 500K 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).