Ian David Haft - 02 Oct 2023 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Director
Signature
William J. White, attorney in fact
Issuer symbol
AMBC
Transactions as of
02 Oct 2023
Net transactions value
$0
Form type
4
Filing time
02 Oct 2023, 19:20:22 UTC
Previous filing
05 Jul 2023
Next filing
02 Jan 2024
SEC
View on sec.gov

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 +3,934 +4.1% $0.000000 100,560 02 Oct 2023 Common Stock 3,934 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 October 2, 2023 shall vest one year later on October 2, 2024. 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.