Claude LeBlanc - Feb 22, 2023 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Chief Executive Officer, Director
Signature
William J. White, attoney-in-fact
Stock symbol
AMBC
Transactions as of
Feb 22, 2023
Transactions value $
-$1,503,740
Form type
4
Date filed
2/24/2023, 03:48 PM
Previous filing
Jan 4, 2023
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMBC Common Stock Options Exercise $0 +180K +43.75% $0.00 593K Feb 22, 2023 Direct F1
transaction AMBC Common Stock Tax liability -$1.5M -92.7K -15.64% $16.22 500K Feb 22, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person acquired 180,352 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of the reporting person's 2020 Long Term Incentive Plan ("2020 LTIP") award, which had a three year performance period and vested on February 22, 2023.
F2 As part of the vesting and settlement of the 2020 LTIP award, 92,709 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.