William Hugh McCauley Jr. - 03 Jul 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: 03 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 09 Jul 2024, 11:37:11 UTC
Previous filing: 15 Feb 2024
Next filing: 18 Dec 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ABL	Common Stock	Options Exercise		+50,000			50,000	03 Jul 2024	Direct	F1

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	Options Exercise	$0	-50,000	-10%	$0.000000	450,000	03 Jul 2024	Common Stock	50,000		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Units convert into Common Stock on a one-for-one basis.
F2	On October 26, 2023, the Issuer awarded the Reporting Person 500,000 time-based Restricted Stock Units (RSUs), ten percent (10%) of which vested 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 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 Issuer common stock (or, at the option of the Issuer, its cash equivalent).

Content

Restricted Stock Units convert into Common Stock on a one-for-one basis.

On October 26, 2023, the Issuer awarded the Reporting Person 500,000 time-based Restricted Stock Units (RSUs), ten percent (10%) of which vested 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 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 Issuer common stock (or, at the option of the Issuer, its cash equivalent).