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

Role
Sr. MD & COO
Signature
William J. White, attoney-in-fact
Issuer symbol
AMBC
Transactions as of
28 Feb 2024
Net transactions value
-$49,600
Form type
4
Filing time
01 Mar 2024, 16:00:33 UTC
Previous filing
06 Mar 2023
Next filing
04 Mar 2024
SEC
View on sec.gov

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% $0.000000 4,512 28 Feb 2024 Direct F1
transaction AMBC Common Stock Tax liability $5,726 -338 -7.5% $16.94 4,174 28 Feb 2024 Direct F2
transaction AMBC Common Stock Options Exercise $0 +6,734 +161% $0.000000 10,908 28 Feb 2024 Direct F3
transaction AMBC Common Stock Tax liability $43,875 -2,590 -24% $16.94 8,318 28 Feb 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 -1.7% $0.000000 19,942 28 Feb 2024 Common Stock 338 Direct F1, F4
transaction AMBC Restricted Stock Units Options Exercise $0 -2,524 -13% $0.000000 17,418 28 Feb 2024 Common Stock 2,524 Direct F4, F5
transaction AMBC Deferred Share Units Award $0 +2,524 +100% $0.000000 5,056 28 Feb 2024 Common Stock 2,524 Direct F5, F6
transaction AMBC Restricted Stock Units Options Exercise $0 -6,734 -39% $0.000000 10,684 28 Feb 2024 Common Stock 6,734 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.