Key facts
- This page summarizes Terrence M. Pegula's Form 4 filing for Abacus Life, Inc. (ABL).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 10 Jul 2023, 16:45.
Terrence M. Pegula - 30 Jun 2023 Form 4 Insider Report for Abacus Life, Inc. (ABL)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- ABL
- Reported as of
- 30 Jun 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 10 Jul 2023, 16:45:40 UTC
- Next SEC filing
- 17 Oct 2023
- Source filing
- View source filing
- Reporting owner signature
- Terrence M. Pegula, /s/ Terrence M. Pegula
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Terrence M. Pegula filed Form 4 for Abacus Life, Inc. (ABL) on 10 Jul 2023.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ABL
transaction
Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +8,615,000
- Change %
- Price
- Shares after
- 8,615,000
- Date
- 30 Jun 2023
- Ownership
- See footnotes
- Footnotes
- F1, F2, F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ABL
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- Shares
- -8,615,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Jun 2023
- Ownership
- See footnotes
- Underlying class
- Class A Common Stock
- Underlying amount
- 8,615,000
- Exercise price
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
On June 30, 2023, pursuant to that certain Agreement and Plan of Merger, dated as of August 30, 2022, as amended on October 14, 2022 and April 20, 2023, by and among Abacus Life, Inc. (formerly known as East Resources Acquisition Company) (the "Issuer"), LMA Merger Sub, LLC ("LMA Merger Sub"), Abacus Merger Sub, LLC ("Abacus Merger Sub"), Longevity Market Assets, LLC ("LMA") and Abacus Settlements, LLC ("Legacy Abacus"), the Issuer completed its initial business combination (the "Business Combination").
Footnote F2
(Continued footnote 1) As a result of the Business Combination, each outstanding share of Class B Common Stock, par value $0.0001 per share, of the Issuer was automatically converted into a share of Common Stock, par value $0.0001 per share ("Common Stock"), of the Issuer on a one-for-one basis. Upon the completion of the Business Combination, LMA Merger Sub merged with and into LMA, with LMA surviving such merger as a wholly owned subsidiary of the Issuer, Abacus Merger Sub merged with and into Legacy Abacus, with Legacy Abacus surviving such merger as a wholly owned subsidiary of the Issuer, and the Issuer was renamed "Abacus Life, Inc."
Footnote F3
East Sponsor, LLC ("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.
Footnote F4
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.