Lisa G. Iglesias - Jul 1, 2022 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Director
Signature
William White, attorney-in-fact
Stock symbol
AMBC
Transactions as of
Jul 1, 2022
Transactions value $
$0
Form type
4
Date filed
7/5/2022, 06:15 PM
Previous filing
May 16, 2022
Next filing
Aug 26, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMBC Restricted Stock Units Award $0 +4.54K +31.34% $0.00 19K Jul 1, 2022 Common Stock 4.54K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Ambac Financial Group, Inc. (the "Company").
F2 RSU's granted on July 1, 2022 shall vest one year later on July 1, 2023. RSUs that have become vested shall settle and convert into shares of common stock upon the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of the Company.