Ganovsky Matthew 4

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).