Abacus Global Management director Sean McNealy sells $175,698 in stock

On September 23, 2026, Sean McNealy, a director and 10% owner of Abacus Global Management (ABX), sold 22,700 shares of the company's common stock for a total of $175,698. The transactions, executed via a Rule 10b5-1 trading plan, took place at a weighted average price of $7.74 per share, with individual sale prices ranging between $7.63 and $7.88.

The sale occurred as ABX stock experienced a 15% decline over the preceding week, currently trading at $7.82, which is below its 52-week high of $12.44. Following the sale, McNealy personally holds 12,506,952 shares of ABX common stock, with an additional 86,207 shares indirectly owned through a jointly owned LLC with his spouse.

According to InvestingPro analysis, ABX appears undervalued at the current price point, with the platform providing 8 additional ProTips and comprehensive metrics for investors. Recently, Abacus Global Management reported second-quarter earnings that exceeded Wall Street expectations, with adjusted earnings of $0.28 per share, outpacing the forecasted $0.2427 per share.

Revenue for the quarter increased by 30% to $73 million, and the company maintained its full-year guidance. These developments resulted in a 3.94% increase in the company's shares during after-hours trading.