Kirby Kevin Scott 4/A
4/A · Abacus Global Management, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Abacus (ABX) 10% Owner Kirby Kevin Scott Buys 86,207 Shares
What Happened
- Kirby Kevin Scott (reported as a 10% owner) purchased 86,207 shares of Abacus Global Management, Inc. (ABX) in an open-market or private purchase on June 4, 2025 at $5.77 per share, totaling about $497,759. Separately, 8,000 shares vested to him as the result of RSUs granted on February 13, 2024 (reported as an award/acquisition on February 13, 2025) at $0.00 (derivative conversion).
- This is an amended Form 4 (filed Feb 18, 2026) correcting how the prior filing reported direct vs. indirect holdings and the RSU vesting.
Key Details
- Purchase: 86,207 shares @ $5.77 on 2025-06-04 (P) — ~$497,759 total.
- Award/vesting: 8,000 RSU shares vested on 2025-02-13 (A) — reported as derivative acquisition at $0.00; RSUs convert 1-for-1 to common stock.
- Amendment reason: original Form 4 omitted the 8,000 vested shares from direct holdings, incorrectly added 86,207 indirectly held shares to direct holdings, and erroneously included 8 extra shares. This amendment adds the 8,000 to direct holdings, discloses the 86,207 shares as indirectly held through an LLC with the spouse, and removes 86,215 shares from previously reported direct holdings. The report also notes Table II was not updated previously to reflect the change in derivative securities outstanding.
- Filing: Amended Form 4 filed 2026-02-18; original transactions occurred in 2025 — the amendment corrects previous reporting (late amendment).
Context
- The purchase is a buy (increasing ownership) while the RSU vesting is a routine equity compensation event (derivative conversion to common stock). For a 10% owner, disclosures can reflect ownership through related entities (here an LLC with the spouse), so check both direct and indirect holdings for the full picture.
- Because this is an amended, late filing, investors should note the timing gap between the transaction dates and the correction when assessing the immediacy of the disclosure.
Insider Transaction Report
Form 4/AAmended
Kirby Kevin Scott
Co-Founder and President10% Owner
Transactions
- Purchase
Common Stock
[F1]2025-06-04$5.77/sh+86,207$497,759→ 86,207 total(indirect: By Spouse) - Award
Restricted Stock Unit
[F2][F3]2025-02-13+8,000→ 97,856 total→ Common Stock (16,000 underlying)
Holdings
- 12,369,200
Common Stock
Footnotes (3)
- [F1]On 6/4/2025 the Reporting Person (RP) filed a Form 4 that disclosed that the RP acquired 8,000 shares of Common Stock (CS) as the result of a vesting of a Restricted Stock Unit (RSU) award. However, those shares were inadvertently not included in the total number of shares directly held by the RP. Additionally, the Form 4 disclosed that the RP acquired 86,207 shares that are indirectly held through a limited liability company with the RP's spouse. However, these shares were inadvertently added to the RP's total direct holdings, thereby causing the RP's direct holdings to be incorrectly stated. Further, when adding these indirectly held shares to the total shares directly reported, 8 shares were erroneously included. As such, this amendment adds the 8,000 shares to the RP's direct holdings and adds a new row to Table I to disclose the RP's indirect holdings. It also removes 86,215 shares from the RP's direct holdings.
- [F2]RSUs convert into Common Stock on a one-for-one basis.
- [F3]On June 4, 2025, the Reporting Person reported in Table I the vesting of 8,000 shares pursuant to the Reporting Person's grant of 24,000 RSUs from the company on February 13, 2024, which vest in three equal installments of 8,000 on each of the first three anniversaries of the grant. However, the report failed to amend Table II to reflect the vesting and the change in the number of derivative securities outstanding.
Signature
Kevin Scott Kirby|2026-02-18