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

What Happened

• Matthew Ganovsky, a reported 10% owner of Abacus Global Management, Inc. (ABX), sold a total of 81,312 shares in open‑market transactions between Sept 18 and Sept 22, 2026. The reported weighted‑average sale prices and reported values were: 24,000 shares at $8.79 for $210,960 (9/18, F1); 36,000 shares at $8.13 for $292,680 (9/21, F2); and 21,312 shares at $8.01 for $170,709 (9/22, F3). Total proceeds across the three sales were about $674,349. These were dispositions (sales), which are generally routine transactions rather than affirmative bullish purchases.

Key Details

• Dates & reported weighted‑avg prices:
  • 2026-09-18: 24,000 shares @ $8.79 — $210,960 (Footnote F1)
  • 2026-09-21: 36,000 shares @ $8.13 — $292,680 (Footnote F2)
  • 2026-09-22: 21,312 shares @ $8.01 — $170,709 (Footnote F3)
• Price ranges (per footnotes): F1 sales ranged $8.68–$8.93; F2 ranged $7.97–$8.61; F3 ranged $7.70–$8.14. Weighted averages shown above.
• Ownership after transaction: Not specified in the excerpt of the filing provided here.
• Notable footnote: The filing states the transactions referenced in F1 were effected pursuant to a Rule 10b5‑1 trading plan adopted June 18, 2025; the reporting person will provide full transaction details on request. F2 and F3 provide the price ranges for those multiple trades.
• Filing timeliness: Form 4 was filed on 2026-09-22 (covering transactions from 9/18–9/22); there is no indication in the provided data that the filing was late.

Context

• As a 10% owner, Ganovsky is an insider for reporting purposes; 10% owners’ trades are significant to track but do not necessarily reflect executive/company operational views. The mention of a Rule 10b5‑1 plan indicates at least some sales were prearranged, which can mean the trades were automated under a preset schedule rather than discretionary market timing.