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