Jackson Jay J 4
Research Summary
AI-generated summary
Abacus (ABX) CEO Jackson Jay Receives 8,000-Share Award
What Happened
Jackson Jay, CEO of Abacus Global Management, reported the acquisition of 8,000 shares on February 13, 2026 through the vesting of restricted stock units (RSUs). The filing reports an acquisition price/value of $8.40 per share, for a total value of $67,200. This was not an open-market purchase or sale but the vesting/receipt of previously granted RSUs.
Key Details
- Transaction type: A (Grant/Award/acquisition via RSU vesting) on 2026-02-13.
- Shares: 8,000 shares vested; reported value $8.40/share; total $67,200.
- Filing: Form 4 filed on 2026-02-18 (filed within the SEC’s two-business-day window given the Presidents’ Day holiday).
- Shares owned after transaction: Not specified in the provided filing.
- Notable footnotes:
- F1: These 8,000 shares vested as part of a 24,000-RSU grant made on Feb 13, 2024 (one-third vesting on each of the first three anniversaries).
- F2: The filing also notes remaining outstanding time-based RSUs, including 81,856 RSUs granted April 3, 2025 (vesting in thirds March 27, 2026–2028) and an additional 8,000 from the Feb 13, 2024 grant scheduled to vest Feb 13, 2027.
Context
- This transaction is a routine vesting event (award conversion to shares), not a buy or sale; it does not by itself indicate a change in the insider’s market view.
- No information in the provided filing about any immediate sale of the vested shares or tax-withholding shares; those would typically be reported if they occurred.
- Remaining unvested RSUs described in the footnotes could lead to future acquisitions on scheduled vesting dates.