Daniel McGinnis - Feb 28, 2024 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Sr. MD & COO
Signature
William J. White, attoney-in-fact
Stock symbol
AMBC
Transactions as of
Feb 28, 2024
Transactions value $
-$49,600
Form type
4
Date filed
3/1/2024, 04:00 PM
Previous filing
Mar 6, 2023
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMBC Common Stock Options Exercise $0 +338 +8.1% $0.00 4.51K Feb 28, 2024 Direct F1
transaction AMBC Common Stock Tax liability -$5.73K -338 -7.49% $16.94 4.17K Feb 28, 2024 Direct F2
transaction AMBC Common Stock Options Exercise $0 +6.73K +161.33% $0.00 10.9K Feb 28, 2024 Direct F3
transaction AMBC Common Stock Tax liability -$43.9K -2.59K -23.74% $16.94 8.32K Feb 28, 2024 Direct F2

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 Options Exercise $0 -338 -1.67% $0.00 19.9K Feb 28, 2024 Common Stock 338 Direct F1, F4
transaction AMBC Restricted Stock Units Options Exercise $0 -2.52K -12.66% $0.00 17.4K Feb 28, 2024 Common Stock 2.52K Direct F4, F5
transaction AMBC Deferred Share Units Award $0 +2.52K +99.68% $0.00 5.06K Feb 28, 2024 Common Stock 2.52K Direct F5, F6
transaction AMBC Restricted Stock Units Options Exercise $0 -6.73K -38.66% $0.00 10.7K Feb 28, 2024 Common Stock 6.73K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the aggregate amount of restricted stock units ("RSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2022 Long Term Incentive Plan award.
F2 Represents the aggregate amount of restricted stock units ("RSUs") that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.
F3 Represents the aggregate amount of RSUs that were converted into shares of common stock of Company upon settlement of a portion of the reporting person's sign-on RSU award.
F4 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Ambac Financial Group, Inc.
F5 Represents the aggregate amount of RSUs that were converted into DSUs of the Company upon settlement of a portion of the reporting person's 2022 Long Term Incentive Plan award.
F6 Each DSU represents a contingent right to receive one share of common stock of the Company.