Abacus 10% owner sells 81,500 shares in plan
Rhea-AI Filing Summary
Abacus Global Management, Inc. (ABX) reported that ten percent owner Kirby Kevin Scott sold a total of 81,500 shares of Common Stock in open-market or private transactions on September 18, 21, and 22, 2026 at weighted average prices of $8.79, $8.13, and $8.01, respectively. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted on June 18, 2025. An additional 86,207 shares are reported as held indirectly through an LLC jointly owned with his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 81,500 shares
Net Sell
4 txns
Insider
Kirby Kevin Scott
Role
10% Owner
Sold
81,500 shs ($676K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3 | 21,100 | $8.01 | $169K |
| Sale | Common Stock F2 | 36,400 | $8.13 | $296K |
| Sale | Common Stock F1 | 24,000 | $8.79 | $211K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,528,805 shares (Direct);
Common Stock — 86,207 shares (Indirect, By LLC jointly owned with spouse)
Footnotes (3)
- F1. The price reported is the weighted average sale price. Shares were sold in multiple transactions at prices ranging from $8.68 to $8.94, inclusive. The transactions reported in footnotes (1), (2), and (3) of this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 18, 2025. The Reporting Person undertakes to provide full transaction details for the transactions set forth in footnotes (1), (2), and (3) to the Commission staff, the Issuer, or a security holder of the Issuer upon request.
- F2. The price reported is the weighted average sale price. Shares were sold in multiple transactions at prices ranging from $7.97 to $8.61, inclusive.
- F3. The price reported is the weighted average sale price. Shares were sold in multiple transactions at prices ranging from $7.70 to $8.14, inclusive.
Key Figures
Total shares sold: 81,500 shares
Shares sold September 18, 2026: 24,000 shares at $8.79 (weighted average)
Shares sold September 21, 2026: 36,400 shares at $8.13 (weighted average)
+3 more
6 metrics
Total shares sold
81,500 shares
Aggregate Common Stock sales reported for September 18, 21, and 22, 2026
Shares sold September 18, 2026
24,000 shares at $8.79 (weighted average)
Open-market or private sale of Common Stock
Shares sold September 21, 2026
36,400 shares at $8.13 (weighted average)
Open-market or private sale of Common Stock
Shares sold September 22, 2026
21,100 shares at $8.01 (weighted average)
Open-market or private sale of Common Stock
Indirect holdings via LLC
86,207 shares
Common Stock held indirectly by LLC jointly owned with spouse as of September 18, 2026
Rule 10b5-1 trading plan adoption date
June 18, 2025
Plan under which the reported sales in footnotes (1), (2), and (3) were effected
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, ten percent owner, indirect ownership
4 terms
Rule 10b5-1 trading plan regulatory
"transactions reported in footnotes (1), (2), and (3) ... were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price reported is the weighted average sale price. Shares were sold in multiple transactions"
ten percent owner regulatory
"The reporting person is identified as a ten percent owner of the issuer"
indirect ownership financial
"Common Stock held indirectly by LLC jointly owned with spouse"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ABX disclose for Kirby Kevin Scott in this Form 4?
The Form 4 reports that 81,500 shares of Abacus Global Management, Inc. Common Stock were sold by ten percent owner Kirby Kevin Scott on September 18, 21, and 22, 2026 in open-market or private transactions at specified weighted average prices.
Were the ABX insider sales made under a Rule 10b5-1 trading plan?
Yes. The company reports that the transactions described in the footnotes were effected pursuant to a Rule 10b5-1 trading plan adopted by Kirby Kevin Scott on June 18, 2025, with prices reported as weighted averages over multiple trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.