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

Role
Senior Managing Director
Signature
William J. White, attorney-in-fact
Stock symbol
AMBC
Transactions as of
Feb 28, 2024
Transactions value $
-$34,947
Form type
4
Date filed
3/1/2024, 04:02 PM
Previous filing
Feb 23, 2024
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 +5.72K +5.7% $0.00 106K Feb 28, 2024 Direct F1
transaction AMBC Common Stock Tax liability -$34.9K -2.06K -1.95% $16.94 104K 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 -5.72K -16.79% $0.00 28.4K Feb 28, 2024 Common Stock 5.72K 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.