Abacus Global (ABL) insider sale offsets RSU tax withholding obligations
Rhea-AI Filing Summary
Abacus Global Management, Inc. Co-Founder and President Kirby Kevin Scott reported a mix of equity compensation activity and related tax sales. On February 13, 2026, he acquired 8,000 shares of common stock at $8.40 per share through a grant/award as restricted stock units vested.
On February 18, 2026, he sold 2,386 shares of common stock in an open-market transaction at $8.383 per share to cover tax withholding obligations tied to that RSU vesting. After these transactions, he directly held 12,464,670 common shares and indirectly held 86,207 shares through an LLC jointly owned with his spouse, along with additional time-based RSUs scheduled to vest over future dates.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with tax sell-to-cover; overall impact neutral.
The filing shows Kirby Kevin Scott receiving 8,000 common shares as RSUs vested, a standard equity compensation event intended to align management with shareholders. The shares were recorded at a price of $8.40 per share.
To satisfy tax withholding from this vesting, he executed an open-market sale of 2,386 shares at $8.383 per share under a "sell to cover" election. This structure indicates the sale was driven by tax obligations rather than a discretionary reduction in exposure.
Following these transactions, he directly owned 12,464,670 shares and indirectly held 86,207 shares via an LLC jointly owned with his spouse, plus 81,856 time-based RSUs granted on April 3, 2025 and additional RSUs from a February 13, 2024 grant. These figures underscore a substantial continuing equity stake, suggesting unchanged long-term alignment, based solely on the disclosed data.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,386 | $8.383 | $20K |
| Grant/Award | Common Stock | 8,000 | $8.40 | $67K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Includes 8,000 shares of Common Stock that vested on February 13, 2026 (in connection with the Issuer's grant of 24,000 Restricted Stock Units (RSUs) to the Reporting Person on February 13, 2024 with a third of the total amount granted on each of the first three anniversaries of the grant date). Includes certain time-based RSUs that remain outstanding that will vest and be converted to a like number of the Issuer's Common Stock that were previously reported on Table II, including 81,856 time-based RSUs, granted on April 3, 2025, a third of which will vest on each of March 27, 2026, March 27, 2027 and March 27, 2028, and including RSUs granted to the Reporting Person on February 13, 2024, a third of which vest on each anniversary of the grant, with 8,000 remaining and scheduled to vest on February 13, 2027. Includes the sale reported on this Form 4, which represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The Reporting Person has elected to satisfy tax withholding obligations through a "sell to cover" transaction.
