Abacus Global Management (ABX) CEO sells 196,000 shares for tax obligations
Rhea-AI Filing Summary
Abacus Global Management, Inc. Chief Executive Officer and 10% owner Jackson Jay J reported selling 196,000 shares of Common Stock on 2026-08-12 in open-market transactions at a weighted average price of $8.77 per share. According to the disclosure, the sale was made to satisfy estimated tax obligations, and followed multiple trades within a price range of $8.53 to $9.07. After these transactions, Jackson directly holds 10,397,430 shares of Abacus Global Management, Inc. The Rule 10b5-1 trading plan checkbox was not marked as applicable.
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Insights
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Insider Trade Summary
Net Seller: 196,000 shares
Net Sell
1 txn
Insider
Jackson Jay J
Role
Chief Executive Officer
Sold
196,000 shs ($1.72M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 196,000 | $8.77 | $1.72M |
Holdings After Transaction:
Common Stock — 10,397,430 shares (Direct)
Footnotes (1)
- F1. The Reporting Person sold shares of Common Stock in open market transactions to satisfy estimated tax obligations. The shares were sold in multiple transactions at prices ranging from $8.530 to $9.070, and the price reported in Column 4 represents the weighted average sale price. 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: 196,000 shares
Weighted average sale price: $8.77 per share
Post-transaction holdings: 10,397,430 shares
+3 more
6 metrics
Shares sold
196,000 shares
Common Stock sale reported on 2026-08-12
Weighted average sale price
$8.77 per share
Weighted average price for 196,000 shares sold
Post-transaction holdings
10,397,430 shares
Directly owned Common Stock after the reported sale
Sale price range low
$8.53 per share
Lowest price in multiple open-market sale transactions
Sale price range high
$9.07 per share
Highest price in multiple open-market sale transactions
Transaction date
2026-08-12
Date of reported open-market sales
Key Terms
open market transactions, weighted average sale price, estimated tax obligations
3 terms
open market transactions market
"The Reporting Person sold shares of Common Stock in open market transactions to satisfy estimated tax obligations."
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.
weighted average sale price financial
"the price reported in Column 4 represents the weighted average sale price."
estimated tax obligations financial
"sold shares of Common Stock in open market transactions to satisfy estimated tax obligations."
FAQ
What insider transaction did Abacus Global Management (ABX) report?
Abacus Global Management reported that CEO and 10% owner Jackson Jay J sold 196,000 shares of Common Stock on 2026-08-12. The sale occurred in open-market transactions at a weighted average price of $8.77 per share.
Was the ABX insider sale executed under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox in the filing is not marked as affirmative, and the explanatory footnote does not reference a trading plan. The sale is instead described as being made to cover estimated tax obligations from the insider’s position.
Who is the insider involved in this Abacus Global Management (ABX) Form 4?
The insider is Jackson Jay J, who serves as Chief Executive Officer, a director, and a 10% owner of Abacus Global Management. He reported selling 196,000 shares and holding 10,397,430 shares directly after the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.