| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AMBC | Common Stock | Award | $0 | +2.14K | +2.14% | $0.00 | 102K | Feb 21, 2024 | Direct | F1 |
| transaction | AMBC | Common Stock | Tax liability | -$34.8K | -2.14K | -2.09% | $16.25 | 100K | Feb 21, 2024 | Direct | F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AMBC | Deferred Share Units | Award | $0 | +45.8K | $0.00 | 45.8K | Feb 21, 2024 | Common Stock | 45.8K | Direct | F3, F4 |
| Id | Content |
|---|---|
| F1 | The reporting person acquired 2,143 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of a portion of the reporting person's 2021 Long Term Incentive Plan award, which had a three year performance period] and vested on February 21, 2024. |
| F2 | As part of the vesting and settlement of a portion of the 2021 LTIP award, 2,143 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations. |
| F3 | Each DSU represents a contingent right to receive one share of the Company's common stock. |
| F4 | Represents the aggregate amount of performance stock units ("PSUs") that were converted into an equivalent number of deferred share units ("DSUs") pursuant to the Company's Executive Stock Deferral Plan, which was designed to enable participants to elect to defer the settlement and income taxation of PSU and restricted stock unit awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended. |