Abacus Global Management (ABX) CFO sells shares to cover tax bill
Rhea-AI Filing Summary
Abacus Global Management, Inc. (ABX) reported that officer William Hugh McCauley Jr., COO and CFO, sold 125,000 shares of common stock on August 20, 2026 in open market transactions at a weighted average price of $9.10 per share, with individual trades ranging from $8.92 to $9.23. According to the company’s disclosure, these sales were made to satisfy estimated tax obligations. After these transactions, McCauley directly holds 915,260 shares of Abacus Global Management common stock.
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Insights
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Insider Trade Summary
Net Seller: 125,000 shares
Net Sell
1 txn
Insider
McCauley William Hugh JR
Role
COO and CFO
Sold
125,000 shs ($1.14M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 125,000 | $9.10 | $1.14M |
Holdings After Transaction:
Common Stock — 915,260 shares (Direct)
Footnotes (1)
- F1. The Reporting Person sold shares of Common Stock in open market transactions to satisfy estimated tax obligations. Represents shares of Common Stock sold in open market transactions on August 20, 2026. The price reported in Column 4 is a weighted average price. These sales were executed in multiple transactions at prices ranging from $8.92 to $9.23, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 125,000 shares of Common Stock
Weighted average sale price: $9.10 per share
Sale price range: $8.92 to $9.23 per share
+2 more
5 metrics
Shares sold
125,000 shares of Common Stock
Open market sale by COO and CFO on August 20, 2026
Weighted average sale price
$9.10 per share
Average price for 125,000 shares sold on August 20, 2026
Sale price range
$8.92 to $9.23 per share
Prices of multiple open market transactions on August 20, 2026
Shares held after transaction
915,260 shares of Common Stock
Direct holdings of COO and CFO after the reported sale
Net shares sold
125,000 shares
Net sell direction from transaction summary for this Form 4
Key Terms
weighted average price, open market transactions, estimated tax obligations
3 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open market transactions financial
"sold shares of Common Stock in open market transactions to satisfy estimated"
Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.
estimated tax obligations financial
"sold shares of Common Stock in open market transactions to satisfy estimated tax obligations."
FAQ
What insider transaction did ABX report for William Hugh McCauley Jr.?
ABX reported that COO and CFO William Hugh McCauley Jr. sold 125,000 shares of common stock on August 20, 2026 in open market transactions at a weighted average price of $9.10 per share.
Were the ABX insider sales under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative trading plan, and the footnote describes the transactions as open market sales to satisfy estimated tax obligations, without stating they were under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.