McNealy Sean 4/A

What Happened
Sean McNealy, a reported 10% owner of Abacus Global Management, acquired 86,207 shares on June 4, 2025 in an open-market or private purchase at $5.77 per share (≈ $497,759). The filing also discloses 8,000 RSUs (derivative shares) reported as acquired on February 13, 2025 (granted at $0.00). This is an amended Form 4 that corrects how the June purchase was reported (indirect vs direct ownership) and updates RSU vesting information.

Key Details

• Transaction dates and prices:
  • June 4, 2025: Purchase of 86,207 shares at $5.77 each (total ≈ $497,759). (Code P)
  • February 13, 2025: Grant/award of 8,000 RSUs at $0.00 (derivative). (Code A)
• Ownership after transaction:
  • 86,207 shares are held indirectly through a limited liability company with the Reporting Person’s spouse (these were removed from direct holdings in the amendment).
  • 8,000 RSUs were part of a 24,000 RSU grant that vests in three equal annual installments (8,000 each); RSUs convert one-for-one into common stock.
• Footnotes / corrections:
  • F1: The June 4, 2025 purchase was originally misclassified as directly owned; the amendment moves those shares to indirect holdings and adds a row in Table I.
  • F3: The filing corrects Table II to reflect the vesting of 8,000 RSUs and the resulting change in derivative securities outstanding.
• Filing timeliness:
  • This is an amended Form 4 filed February 18, 2026, correcting earlier reporting (the amendment indicates the original filing or its tables contained errors).

Context
McNealy is a 10% owner (large shareholder), not necessarily an executive; purchases by major holders can indicate increased ownership but are not a guarantee of future performance. The RSUs are standard restricted stock units that convert one-for-one to common shares upon vesting; the amendment fixes reporting details rather than indicating a new cash transaction.