David Barranco - Mar 3, 2023 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Signature
/s/ William White, attorney in fact
Stock symbol
AMBC
Transactions as of
Mar 3, 2023
Transactions value $
$0
Form type
4
Date filed
3/6/2023, 03:08 PM
Previous filing
Mar 2, 2023
Next filing
Mar 9, 2023

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 +15.6K +61.47% $0.00 41.1K Mar 3, 2023 Common Stock 15.6K 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 common stock of Ambac Financial Group, Inc.
F2 On March 3, 2023 the reporting person received a grant of 15,644 RSUs as part of their 2023 Long Term Incentive Plan award. The RSUs will vest in three equal installments on March 3, 2024, March 3, 2025, and March 3, 2026.