Abacus Global Management’s founders Sean McNealy, Matthew Ganovsky and Scott Kirby have ended their Rule 10b5-1 trading plans, which had been set up to provide personal liquidity and diversification. Each founder chose to maintain their existing ownership positions rather than proceed with the planned share sales, noting that they have not sold significant amounts of stock since the company’s public listing and would still rank among its largest individual shareholders even if the plans had been completed.
The decision aligns with a previously announced shift away from daily operational responsibilities, allowing the founders to focus on other interests while retaining equity. Abacus Global Management, based in Orlando, Florida, is a financial services firm that specializes in alternative asset management, concentrating on longevity‑based assets and personalized financial planning. At the time of the report, ABX stock closed at $7.82, down $0.200 (‑2.49%), and after‑hours trading showed a slight gain to $7.82, up $0.010 (+0.13%).
