Abacus Global Management (ABX) 10% owner shifts 38K shares into exchange fund
Rhea-AI Filing Summary
McNealy Sean reported reported sale transactions in this Form 4 filing.
Sean McNealy, a 10% owner of Abacus Global Management, Inc., disposed of 38,333 shares of common stock on August 3, 2026 by contributing them to the Fidelity Exchange Fund in exchange for an interest in that fund. The shares were valued at $10.31 per share, using Abacus Global Management’s closing share price on July 31, 2026. After this transaction he directly held 12,610,606 shares and indirectly held 86,207 shares through an LLC jointly owned with his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 38,333 shares
Net Sell
2 txns
Insider
McNealy Sean
Role
10% Owner
Sold
38,333 shs ($395K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 38,333 | $10.31 | $395K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,610,606 shares (Direct);
Common Stock — 86,207 shares (Indirect, By LLC jointly owned with spouse)
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
Reference price per share: $10.31 per share
Direct holdings after transaction: 12,610,606 shares
+1 more
4 metrics
Shares contributed
38,333 shares
Common Stock contributed on August 3, 2026 to the Fidelity Exchange Fund
Reference price per share
$10.31 per share
Closing share price on July 31, 2026 used to value the contribution
Direct holdings after transaction
12,610,606 shares
Direct Common Stock ownership reported following the August 3, 2026 contribution
Indirect holdings after transaction
86,207 shares
Indirect ownership through an LLC jointly owned with spouse
Key Terms
Fidelity Exchange Fund, escrow, closing share price
3 terms
Fidelity Exchange Fund financial
"contributed by the Reporting Person to the Fidelity Exchange Fund"
escrow financial
"The shares were held in escrow pending the contribution"
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 in Abacus Global Management (ABX) did Sean McNealy report?
Sean McNealy reported disposing of 38,333 shares of Abacus Global Management (ABX) common stock. The shares were contributed to the Fidelity Exchange Fund on August 3, 2026 in exchange for an interest in that fund, rather than through an open-market sale.
Was Sean McNealy’s ABX transaction tied to a Rule 10b5-1 trading plan?
The transaction was not affirmed as occurring under a Rule 10b5-1 trading plan. The plan-related checkbox was left unchecked, and the footnote instead describes a specific contribution arrangement with the Fidelity Exchange Fund for an interest in that fund.
What is the nature of the indirect ABX ownership reported for Sean McNealy?
The indirect ABX ownership of 86,207 shares is held through an LLC jointly owned with his spouse. This indicates those shares are not held in his name directly but through a jointly owned entity, while his 12,610,606 shares are held directly.