Abacus Founders Elect to Retain Substantial Ownership, Terminate 10b5-1 Trading Plans
Abacus Founders Elect to Retain Substantial Ownership, Terminate 10b5-1 Trading Plans
~ Long-standing founders reaffirm confidence in Abacus as Company continues long-term growth strategy ~
Abacus Global Management, Inc. (“Abacus” or the “Company”) (NYSE: ABX), a financial services company specializing in alternative asset management with a focus on longevity-based assets and personalized financial planning, today announced that Company founders Sean McNealy, Matthew Ganovsky, and Scott Kirby have elected to terminate their previously established Rule 10b5-1 trading plans.
The plans were originally established to provide a measured opportunity for personal liquidity and diversification for the three founders, none of whom had sold a significant amount of shares in the open market since the Company became publicly traded. Each founder independently determined that maintaining his current ownership position and alignment with shareholders outweighed the diversification objectives for which the plans were established. Even had the plans been completed, each founder would have remained among the Company’s largest individual shareholders.
While the founders are transitioning from their day-to-day operational responsibilities as part of the Company’s previously planned evolution, they remain deeply invested in Abacus’s future through their substantial equity ownership.
About Abacus
Abacus Global Management (NYSE: ABX) is a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovation, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide.
For more information, please visit www.abacusgm.com
Investor Relations
David Jackson – Head of Investor Relations
david@abacusgm.com
(321) 299-0716
Public Relations
press@abacusgm.com
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