Abacus Global investor shifts 38,333 shares to fund (ABX)
Rhea-AI Filing Summary
Ganovsky Matthew reported reported sale transactions in this Form 4 filing.
Abacus Global Management, Inc. large shareholder Matthew Ganovsky contributed 38,333 shares of common stock to the Fidelity Exchange Fund on August 3, 2026, in exchange for an interest in that fund, with the shares valued using the issuer's July 31, 2026 closing share price and reported at 10.31 per share. Following this contribution, he held 8,755,260 common shares directly and is listed as a more-than-10% owner.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 38,333 shares
Net Sell
1 txn
Insider
Ganovsky Matthew
Role
10% Owner
Sold
38,333 shs ($395K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 38,333 | $10.31 | $395K |
Holdings After Transaction:
Common Stock — 8,755,260 shares (Direct)
Footnotes (1)
- F1. Represents shares of the Issuer's common stock contributed by the Reporting Person to the Fidelity Exchange Fund (the "Fund") in exchange for an interest in the Fund, pursuant to a contribution arrangement among the Reporting Person and the Fund. The shares were held in escrow pending the contribution and were valued using the Issuer's closing share price on July 31, 2026; the contribution to the Fund was completed on August 3, 2026.
Key Figures
Shares contributed: 38,333 shares
Per-share price: 10.31 per share
Holdings after transaction: 8,755,260 shares
3 metrics
Shares contributed
38,333 shares
Common Stock contributed to the Fidelity Exchange Fund on August 3, 2026
Per-share price
10.31 per share
Reported transaction price per share for the contributed shares
Holdings after transaction
8,755,260 shares
Common shares held directly by Matthew Ganovsky following the contribution
Key Terms
Fidelity Exchange Fund, contribution arrangement, escrow
3 terms
Fidelity Exchange Fund financial
"contributed by the Reporting Person to the Fidelity Exchange Fund (the "Fund") in exchange"
contribution arrangement financial
"in exchange for an interest in the Fund, pursuant to a contribution arrangement among"
escrow financial
"The shares were held in escrow pending the contribution and were valued"
A neutral third party holds money, documents, or assets until both sides in a transaction meet agreed conditions, like a safety deposit box that only opens when everyone fulfills the rules. For investors, escrow reduces risk and increases certainty by ensuring payments or shares are released only when contractual steps are completed, which affects deal timing, legal protection, and the likelihood that a transaction will close as planned.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Matthew Ganovsky report for Abacus Global (ABX)?
Matthew Ganovsky reported contributing 38,333 Abacus Global common shares to the Fidelity Exchange Fund. The August 3, 2026 transaction exchanged his shares for an interest in the fund, rather than a traditional open-market sale, and was tied to the issuer’s July 31, 2026 closing price.
Was Ganovsky’s ABX transaction executed under a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox is not marked as affirmative for this report. The footnote instead describes a contribution arrangement with the Fidelity Exchange Fund, without referencing any pre-arranged Rule 10b5-1 trading plan for these Abacus Global shares.