4//SEC Filing
East Asset Management, LLC 4
Accession 0000950170-23-032396
CIK 0001814287other
Filed
Jul 9, 8:00 PM ET
Accepted
Jul 10, 4:45 PM ET
Size
12.6 KB
Accession
0000950170-23-032396
Insider Transaction Report
Form 4
East Asset Management, LLC
10% Owner
Transactions
- Conversion
Class B Common Stock
2023-06-30−8,615,000→ 0 total(indirect: See footnotes)→ Class A Common Stock (8,615,000 underlying) - Conversion
Common Stock
2023-06-30+8,615,000→ 8,615,000 total(indirect: See footnotes)
Pegula Terrence M.
DirectorCEO & President10% Owner
Transactions
- Conversion
Common Stock
2023-06-30+8,615,000→ 8,615,000 total(indirect: See footnotes) - Conversion
Class B Common Stock
2023-06-30−8,615,000→ 0 total(indirect: See footnotes)→ Class A Common Stock (8,615,000 underlying)
East Sponsor, LLC
10% Owner
Transactions
- Conversion
Common Stock
2023-06-30+8,615,000→ 8,615,000 total(indirect: See footnotes) - Conversion
Class B Common Stock
2023-06-30−8,615,000→ 0 total(indirect: See footnotes)→ Class A Common Stock (8,615,000 underlying)
Footnotes (4)
- [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").
- [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."
- [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.
- [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.
Documents
Issuer
Abacus Life, Inc.
CIK 0001814287
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001793591
Filing Metadata
- Form type
- 4
- Filed
- Jul 9, 8:00 PM ET
- Accepted
- Jul 10, 4:45 PM ET
- Size
- 12.6 KB