Ganovsky Matthew 4

4 · Abacus Global Management, Inc. · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

Abacus Global (ABX) 10% Owner Matthew Ganovsky Receives Award, Sells Shares

What Happened

Matthew Ganovsky, a reported 10% owner of Abacus Global Management, had 8,000 restricted stock units (RSUs) vest on Feb 13, 2026 (treated as an acquisition, $8.40/share, $67,200 total). He subsequently sold 2,386 shares in an open-market "sell to cover" transaction on Feb 18, 2026 at $8.38/share for proceeds of about $20,002. The award/vesting is an acquisition (award vesting); the sale was to satisfy tax withholding and is routine.

Key Details

Vesting (acquisition): 2/13/2026 — 8,000 shares @ $8.40; value $67,200. (Transaction code A)
Sale: 2/18/2026 — 2,386 shares @ $8.38; proceeds ~$20,002. (Transaction code S)
Shares owned after transaction: not specified in the filing; the filing notes the Reporting Person disclaims beneficial ownership of 3,847,046 shares held by trusts (Footnote F3).
Notable footnotes:
- F1: These 8,000 shares vested as one-third of a 24,000-RSU grant made 2/13/2024.
- F2: Additional outstanding time‑based RSUs remain (e.g., 81,856 RSUs granted 4/3/2025 with staggered vesting; 8,000 RSUs from the 2/13/2024 grant remain and are scheduled to vest 2/13/2027).
- F4: The sale was a "sell to cover" to satisfy tax withholding on the vested RSUs.
Filing timeliness: Transaction date Feb 13, 2026 (vesting) and sale on Feb 18, 2026; Form 4 was filed Feb 18, 2026. Form 4s are normally due within 2 business days of the transaction, so the filing was submitted several days after the primary vesting event.

Context

Vesting of RSUs and immediate sell-to-cover transactions are common for tax withholding and do not necessarily indicate a change in the insider's view of the company. As a reported 10% owner, Ganovsky is a significant holder, and the filing also clarifies certain shares are held in trusts (disclaimed).

Form 4

Period: 2026-02-13

Co-Founder and President10% Owner

Transactions

Award
Common Stock
[F1][F2][F3]
2026-02-13$8.40/sh+8,000$67,200→ 8,612,010 total
Sale
Common Stock
[F4]
2026-02-18$8.38/sh−2,386$20,002→ 8,609,624 total

Footnotes (4)

[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]Does not include 3,847,046 shares of Common Stock held by trusts established by the Reporting Person, of which the Reporting Person disclaims beneficial ownership.
[F4]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

/s/ Jay Jackson, Power of Attorney for Matthew Ganovsky|2026-02-18

1 file