Jackson Jay J 4

What Happened Jackson Jay, CEO of Abacus Global Management, Inc. (ABX), was granted 2,000,000 performance rights on June 3, 2026. The grant is reported as a derivative award (code A) at $0.00 per share (grant value reported as $0 at issuance) and will convert to one common share per right only if specified issuer market-cap or assets-under-management (AUM) targets are met during 2026. This is a compensation award rather than a purchase or sale of existing shares.

Key Details

• Transaction date: 2026-06-03; Form 4 filed: 2026-06-05 (timely within the two-business-day filing window).
• Grant: 2,000,000 performance rights; reported price at grant: $0.00; reported immediate cash value: $0 (derivative award).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each performance right equals the contingent right to receive one share at settlement; F2 — vesting/settlement contingent on market-cap or AUM targets in 2026.
• Transaction code: A (award/grant). No 10b5-1 plan, tax withholding, or late-filing flag noted.

Context Performance rights are contingent awards and do not represent currently vested common shares; they convert to shares only if the performance conditions are satisfied. A grant at $0 typically reflects a compensation award rather than a cash purchase and does not indicate immediate insider buying or selling. If the targets are met and rights settle, dilution and insider ownership will change at that time.