Jackson Jay J 4
Research Summary
AI-generated summary
Abacus Global (ABX) CEO Jackson Jay J Sells 95,770 Shares to Cover Taxes
What Happened
- Jackson Jay J, CEO of Abacus Global Management, reported a disposition on May 8, 2026: 95,770 shares were withheld by the company to satisfy tax withholding obligations related to vested RSUs. The shares were valued at $9.08 each, for a total of about $869,592. This is a tax-withholding "withhold to cover" transaction (code F), not an open-market sale.
Key Details
- Transaction date and price: May 8, 2026 — 95,770 shares at $9.08 per share.
- Total value of shares withheld: approximately $869,592.
- Shares owned after transaction: not specified in the filing.
- Footnote: F1 — Issuer withheld shares to cover tax withholding on RSU vesting; the reporting person elected "withhold to cover."
- Filing timeliness: Form 4 was filed on May 14, 2026 (six days after the transaction) and appears to be late relative to the typical two-business-day Form 4 deadline.
Context
- This was a routine tax-withholding event tied to RSU vesting (not a discretionary sale). Withhold-to-cover dispositions are common and generally reflect tax obligations rather than a direct statement about the insider’s view on the company.