William Hugh McCauley JR - Jul 3, 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: Jul 3, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/9/2024, 11:37 AM
Previous filing: Feb 15, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ABL	Common Stock	Options Exercise		+50K			50K	Jul 3, 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	-50K	-10%	$0.00	450K	Jul 3, 2024	Common Stock	50K		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).