Ganovsky Matthew 4

What Happened

• Matthew Ganovsky, reported as a 10% owner of Abacus Global Management, Inc. (ABX), had 27,773 shares withheld to cover tax withholding obligations tied to the vesting/settlement of RSUs. The withheld shares were recorded at $9.08 per share for a total value of $252,179. This transaction is a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-05-08; Filing date (Form 4): 2026-05-14 (filed six days after the transaction; beyond the typical two-business-day Form 4 deadline).
• Price per share: $9.08; Total value of shares withheld: $252,179.
• Shares withheld/disposed: 27,773 (code F — tax withholding).
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: F1 — Shares were withheld by the issuer to satisfy tax withholding on vested RSUs; the reporting person elected a "withhold to cover" transaction.

Context

• This was a routine tax-withholding event tied to RSU settlement (a cashless/withhold-to-cover action by the issuer), which reduces the insider's net share count but is different from an open-market sale and generally does not signal a change in sentiment. As a 10% owner, Ganovsky is a large shareholder; this filing documents a tax-related disposition rather than an active buy or sell decision.