Abacus Global (ABX) insider uses 27,773 shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abacus Global Management, Inc. ten percent owner Matthew Ganovsky reported a tax-withholding disposition of 27,773 shares of Common Stock on the vesting and settlement of RSUs. The issuer withheld these shares at $9.08 per share to cover tax obligations, leaving Ganovsky with 8,793,593 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ganovsky Matthew
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 27,773 | $9.08 | $252K |
Holdings After Transaction:
Common Stock — 8,793,593 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 27,773 shares
Withholding price per share: $9.08 per share
Shares held after transaction: 8,793,593 shares
+1 more
4 metrics
Shares withheld for taxes
27,773 shares
Tax-withholding disposition on RSU vesting
Withholding price per share
$9.08 per share
Value used for tax-withholding shares
Shares held after transaction
8,793,593 shares
Common Stock directly owned after Form 4 event
Tax-withholding transactions
1 transaction
Count of F-code tax-withholding dispositions
Key Terms
RSUs, withhold to cover, tax withholding obligations, Common Stock
4 terms
RSUs financial
"in connection with the vesting and settlement of RSUs."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
withhold to cover financial
"elected to satisfy tax withholding obligations through a "withhold to cover" transaction."
tax withholding obligations financial
"shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting"
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.