Insider Change at Abacus Global: 1,500,000 Shares Added; 8.51M Total
Rhea-AI Filing Summary
Matthew Ganovsky, a director and Co-Founder and President of Abacus Global Management, Inc. (reported ticker ABL), reported a change in beneficial ownership for common stock. The Form 4 records a transaction dated 08/06/2025 coded G with 1,500,000 shares shown and a price of $0.
Following the reported transaction, the filing shows 8,514,154 shares beneficially owned by the reporting person. The filing also states that this total does not include 3,847,046 shares held by trusts established by the reporting person, of which the reporting person disclaims beneficial ownership.
Positive
- Reported acquisition/receipt of 1,500,000 common shares recorded on the Form 4
- Beneficial ownership increased to 8,514,154 shares following the reported transaction
Negative
- None.
Insights
TL;DR: Insider transaction of 1.5M common shares increases reported beneficial ownership to 8.514M shares.
The Form 4 shows a transaction dated 08/06/2025 coded "G" for 1,500,000 common shares at a reported price of $0, bringing the reporting person's stated beneficial ownership to 8,514,154 shares. This is a material change in position size reflected on public record and should be considered when assessing insider holdings. The filing also discloses 3,847,046 shares held in trusts for which the reporting person disclaims beneficial ownership, which affects the net control calculation.
TL;DR: Significant insider stock movement disclosed; trust-held shares are explicitly disclaimed.
The reporting person is identified as a director and officer (Co-Founder and President). The Form 4 documents an internal change coded "G" with 1,500,000 shares and a post-transaction beneficial ownership figure of 8,514,154 shares. The explicit disclaimer for 3,847,046 trust-held shares is important for governance transparency and for clarifying the reporting person’s direct versus indirect economic interest.