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Abacus Global Management (ABX) insider vests 8,000 RSUs, sells shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Abacus Global Management, Inc. Co-Founder and President Matthew Ganovsky reported two transactions in the company’s common stock. On February 13, 2026, he acquired 8,000 shares at $8.40 per share through the vesting of previously granted restricted stock units, increasing his directly held stake.

On February 18, 2026, he sold 2,386 shares at $8.383 per share in an open-market “sell to cover” transaction to satisfy tax withholding obligations tied to the RSU vesting. After these moves, he directly holds 8,609,624 shares, excluding 3,847,046 shares held in trusts for which he disclaims beneficial ownership.

Footnotes also note additional time-based RSUs that remain outstanding and are scheduled to vest in future years, which will be settled in an equivalent number of common shares as they vest.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Ganovsky Matthew

(Last) (First) (Middle)
2101 PARK CENTER DRIVE, SUITE 200

(Street)
ORLANDO FL 32835

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Abacus Global Management, Inc. [ ABX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
X Officer (give title below) Other (specify below)
Co-Founder and President
3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/13/2026 A 8,000 A $8.4 8,612,010(1)(2)(3) D
Common Stock 02/18/2026 S 2,386 D $8.383 8,609,624(4) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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).
2. 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.
3. Does not include 3,847,046 shares of Common Stock held by trusts established by the Reporting Person, of which the Reporting Person disclaims beneficial ownership.
4. 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.
Remarks:
/s/ Jay Jackson, Power of Attorney for Matthew Ganovsky 02/18/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Abacus Global Management (ABX) report for Matthew Ganovsky?

Abacus Global Management reported that Co-Founder and President Matthew Ganovsky acquired 8,000 shares through RSU vesting and sold 2,386 shares in a tax-related sell-to-cover transaction. Both trades involved the company’s common stock at prices around $8.38–$8.40 per share.

How many Abacus Global Management shares did Matthew Ganovsky sell in this Form 4?

Matthew Ganovsky sold 2,386 shares of Abacus Global Management common stock at $8.383 per share. The filing explains this was a sell-to-cover transaction to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units.

What new Abacus Global Management shares did Matthew Ganovsky receive from RSU vesting?

Ganovsky received 8,000 Abacus Global Management shares when restricted stock units vested at $8.40 per share. These shares were part of a 24,000-unit RSU grant from February 13, 2024, which vests in three equal annual installments on each anniversary of the grant date.

How many Abacus Global Management shares does Matthew Ganovsky now hold directly?

Following the reported transactions, Ganovsky directly holds 8,609,624 shares of Abacus Global Management common stock. This total includes the newly vested 8,000 RSU shares and reflects the 2,386 shares sold to cover tax obligations related to the vesting event.

Are there additional Abacus Global Management RSUs outstanding for Matthew Ganovsky?

Yes. The filing notes outstanding time-based RSUs for Ganovsky, including 81,856 RSUs granted April 3, 2025, vesting in thirds on March 27 of 2026, 2027, and 2028, plus remaining RSUs from a February 13, 2024 grant vesting on future anniversaries.

Does Matthew Ganovsky have Abacus Global Management shares held in trusts?

The Form 4 states that 3,847,046 Abacus Global Management shares are held by trusts established by Ganovsky. He disclaims beneficial ownership of these trust-held shares, so they are not included in his reported direct holdings in this filing.
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