Abacus CEO sells 196,000 shares to cover taxes
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.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 196,000 | $8.77 | $1.72M |
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
Key Terms
open market transactions market
weighted average sale price financial
estimated tax obligations financial
FAQ
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