Abacus Founders Elect to Retain Substantial Ownership, Terminate 10b5-1 Trading Plans
Abacus Global Management (NYSE: ABX) announced that founders Sean McNealy, Matthew Ganovsky, and Scott Kirby have elected to terminate their previously established Rule 10b5-1 trading plans. Each founder independently decided that maintaining his current ownership position outweighed the diversification goals of the plans, and none had sold a significant amount of shares in the open market since the company went public.
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