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

Role
Senior Managing Director
Signature
William J. White, attorney-in-fact
Issuer symbol
AMBC
Transactions as of
28 Feb 2024
Net transactions value
-$34,947
Form type
4
Filing time
01 Mar 2024, 16:02:22 UTC
Previous filing
23 Feb 2024
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 +5,723 +5.7% $0.000000 106,055 28 Feb 2024 Direct F1
transaction AMBC Common Stock Tax liability $34,947 -2,063 -1.9% $16.94 103,992 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 -5,723 -17% $0.000000 28,370 28 Feb 2024 Common Stock 5,723 Direct F1, F3
* 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 amount of RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.
F3 Each RSU represents a contingent right to receive one share of the common stock of the Company.