McNealy Sean 4
4 · Abacus Global Management, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Abacus (ABX) 10% Owner Sean McNealy Receives RSUs, Sells Shares
What Happened
- Sean McNealy, a 10% owner of Abacus Global Management, Inc. (ABX), had 8,000 restricted stock units (RSUs) vest on Feb 13, 2026 and received 8,000 shares at a reported value of $8.40 each (total $67,200). He then sold 2,386 shares on Feb 18, 2026 at $8.38 each for proceeds of $20,002. The sale was a "sell-to-cover" to satisfy tax withholding associated with the RSU vesting.
Key Details
- Transactions:
- 2026-02-13 — Award/Acquisition: 8,000 shares @ $8.40 = $67,200 (vested RSUs).
- 2026-02-18 — Sale (open market/private): 2,386 shares @ $8.38 = $20,002 (sell-to-cover).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes of note:
- F1: The 8,000 shares vested as one-third of a 24,000-RSU grant made Feb 13, 2024.
- F2: Filing notes additional outstanding time‑based RSUs (e.g., 81,856 RSUs from Apr 3, 2025 and remaining RSUs from the Feb 13, 2024 grant) that will vest on future dates.
- F3: The reported sale represents shares sold to cover tax withholding related to the RSU vesting.
- Filing/timeliness: Form 4 was filed Feb 18, 2026 (reporting period Feb 13, 2026). The Feb 18 sale was reported same day; the Feb 13 vesting was reported five days later and may be later than the standard two-business-day Form 4 reporting window.
Context
- This filing primarily records RSU vesting and a routine sell-to-cover for taxes, not an open-market purchase indicating increased insider bullishness. As a 10% owner, McNealy is a significant shareholder (not necessarily an executive trade), and the transactions reflect equity compensation settlement and tax withholding rather than a discretionary investment decision.
Insider Transaction Report
Form 4
McNealy Sean
DirectorCo-Founder and President10% Owner
Transactions
- Award
Common Stock
[F1][F2]2026-02-13$8.40/sh+8,000$67,200→ 12,467,356 total - Sale
Common Stock
[F3]2026-02-18$8.38/sh−2,386$20,002→ 12,464,970 total
Holdings
- 86,207(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]Includes 8,000 shares of Common Stock that vested on February 13, 2026 (in connection with the Issuer's grant of 24,000 Restricted Stock Units (RSUs) to the Reporting Person on February 13, 2024 with a third of the total amount granted on each of the first three anniversaries of the grant date).
- [F2]Includes certain time-based RSUs that remain outstanding that will vest and be converted to a like number of the Issuer's Common Stock that were previously reported on Table II, including 81,856 time-based RSUs granted on April 3, 2025, a third of which will vest on each of March 27, 2026, March 27, 2027 and March 27, 2028, and including RSUs granted to the Reporting Person on February 13, 2024, a third of which vest on each anniversary of the grant with 8,000 remaining and scheduled to vest on February 13, 2027.
- [F3]Includes the sale reported on this Form 4, which represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The Reporting Person has elected to satisfy tax withholding obligations through a "sell to cover" transaction.
Signature
Sean McNealy|2026-02-18