David Barranco - Mar 13, 2024 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Senior Managing Director
Signature
William J. White, attoney-in-fact
Stock symbol
AMBC
Transactions as of
Mar 13, 2024
Transactions value $
$0
Form type
4
Date filed
3/15/2024, 04:05 PM
Previous filing
Mar 11, 2024

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 Award $0 +16.1K +99.47% $0.00 32.2K Mar 13, 2024 Common Stock 16.1K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Ambac Financial Group, Inc. (the "Company").
F2 On March 13, 2024 the reporting person received a grant of 16,069 RSUs as part of their 2024 Long Term Incentive Plan award. The RSUs will vest in three equal annual installments commencing March 13, 2025, March 3, 2026, and March 3, 2027.