David L. Herzog - Oct 3, 2022 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Director
Signature
William J. White, attorney-in-fact
Stock symbol
AMBC
Transactions as of
Oct 3, 2022
Transactions value $
$0
Form type
4
Date filed
10/3/2022, 04:41 PM
Previous filing
Sep 16, 2022
Next filing
Dec 16, 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 +3.57 K +4.29% $0.00 86.7 K Oct 3, 2022 Common Stock 3.57 K Direct F1, F2

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 October 3, 2022 shall vest one year later on October 3, 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.