McNealy Sean 4

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.