Kirby Kevin Scott 4

What Happened Kevin Scott Kirby, a 10% owner of Abacus Global Management, Inc. (ABX), had 8,000 restricted stock units (RSUs vest) converted to common stock on Feb 13, 2026 (worth 8,000 × $8.40 = $67,200). He also sold 2,386 shares in an open-market transaction on Feb 18, 2026 at $8.38 per share for proceeds of $20,002. The sale was carried out to satisfy tax withholding tied to the RSU vesting.

Key Details

• Transactions reported:
  • Feb 13, 2026 — Award/acquisition (vesting): 8,000 shares at $8.40 each (value $67,200). (Footnote F1)
  • Feb 18, 2026 — Sale (open market): 2,386 shares at $8.38 each (proceeds $20,002). (Footnote F3)
• Shares owned after the reported transactions: not specified in the provided excerpt of the Form 4.
• Footnotes:
  • F1: The 8,000 shares vested as part of a 24,000 RSU grant from Feb 13, 2024 with 1/3 vesting each anniversary.
  • F2: Kirby still has additional time‑based RSUs outstanding (e.g., 81,856 RSUs from Apr 3, 2025 with scheduled vesting in thirds March 2026–2028, plus 8,000 remaining from the Feb 13, 2024 grant vesting in 2027).
  • F3: The Feb 18 sale was a "sell to cover" to satisfy tax withholding on the vested RSUs.
• Filing date: Form filed Feb 18, 2026 covering transactions on Feb 13 and Feb 18. No late‑filing flag is included in the provided information.

Context

• The 8,000-share acquisition was not a market purchase but the vesting/settlement of RSUs (an award). The subsequent small sale was a routine tax-withholding transaction and does not by itself indicate a change in sentiment about the company.
• As a reported 10% owner, Kirby is a significant shareholder; these RSU-related transactions reflect compensation/vesting mechanics rather than open-market investment decisions.