Abacus Global (ABL) director McNealy reports RSU tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abacus Global Management, Inc. director and more than 10% owner Sean McNealy reported routine share movements related to equity compensation. On May 8, 2026, 27,773 shares of common stock were withheld at $9.08 per share to cover tax obligations from vesting RSUs, a non‑market “withhold to cover” transaction rather than an open‑market sale. After these entries, McNealy directly holds 12,648,939 common shares and indirectly holds 86,207 shares through an LLC jointly owned with his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McNealy Sean
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 27,773 | $9.08 | $252K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,648,939 shares (Direct, null);
Common Stock — 86,207 shares (Indirect, By LLC jointly owned with spouse)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 27,773 shares
Tax withholding price: $9.08 per share
Direct holdings after transaction: 12,648,939 shares
+1 more
4 metrics
Shares withheld for taxes
27,773 shares
Tax withholding on RSU vesting, May 8, 2026
Tax withholding price
$9.08 per share
Price used for withhold-to-cover RSU tax obligation
Direct holdings after transaction
12,648,939 shares
Common stock directly owned by Sean McNealy after Form 4
Indirect holdings after transaction
86,207 shares
Common stock held via LLC jointly owned with spouse
Key Terms
RSUs, withhold to cover, tax withholding obligations, indirect ownership
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
"through a "withhold to cover" transaction."
tax withholding obligations financial
"to cover tax withholding obligations in connection with the vesting"
indirect ownership financial
"indirectly holds 86,207 shares through an LLC jointly owned"
FAQ
What did Sean McNealy report in this Abacus Global (ABL) Form 4?
Sean McNealy reported a tax-related share disposition and updated holdings. 27,773 Abacus Global common shares were withheld to cover RSU tax obligations, and his direct and indirect ownership positions were updated to reflect the post-transaction totals.
What does “withhold to cover” mean in the Abacus Global (ABL) Form 4?
“Withhold to cover” means the issuer withholds shares to pay taxes on vested RSUs instead of the holder paying cash. In this filing, Abacus Global withheld 27,773 shares from Sean McNealy to satisfy his RSU-related tax withholding obligations.
How is indirect ownership reported for Abacus Global (ABL) in this Form 4?
Indirect ownership is reported separately from direct holdings. The filing shows 86,207 Abacus Global shares held indirectly by an LLC jointly owned with Sean McNealy’s spouse, clarifying that some of his economic interest is held through a related entity.