Ganovsky receives 211,742 RSUs at Abacus Global Management (ABX)
Rhea-AI Filing Summary
Abacus Global Management Co-Founder and President Matthew Ganovsky received 211,742 shares of common stock through a restricted stock unit award. The RSUs were originally granted on May 8, 2025 with performance-based vesting, and the performance conditions have now been satisfied.
The RSUs will vest in three equal annual installments, with one-third of the satisfied amount vesting on each of the first three anniversaries of the May 8, 2025 grant date. Following this compensation-related acquisition, Ganovsky directly holds 8,821,366 shares of Abacus Global Management common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 211,742 shares
Net Buy
1 txn
Insider
Ganovsky Matthew
Role
Co-Founder and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 211,742 | $10.10 | $2.14M |
Holdings After Transaction:
Common Stock — 8,821,366 shares (Direct)
Footnotes (1)
- F1. Reflects Issuer's grant of 211,742 Restricted Stock Units (RSUs) that were made subject to performance-based vesting on May 8, 2025 for which the performance-based criteria have now been satisfied. These RSUs vest one-third (1/3) of the total amount that satisfied the performance-based vesting criteria on each of the first three anniversaries of the grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Abacus Global Management’s Matthew Ganovsky report on this Form 4?
Matthew Ganovsky reported acquiring 211,742 shares of Abacus Global Management common stock via restricted stock units. These RSUs were granted as equity compensation and converted into shares after performance conditions were met, rather than being purchased in the open market.
What are the vesting terms for Matthew Ganovsky’s 211,742 Abacus Global RSUs?
The 211,742 RSUs granted to Matthew Ganovsky vest in three equal installments. One-third of the RSUs that satisfied performance-based criteria vest on each of the first three anniversaries of the original May 8, 2025 grant date.
What performance condition applied to Ganovsky’s Abacus Global RSU grant?
The RSU grant of 211,742 units was subject to performance-based vesting criteria. The company reports that these performance criteria have now been satisfied, allowing the restricted stock units to begin vesting into common shares over three years.