DAVID BARRANCO - 28 Feb 2025 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Senior Managing Director
Signature
William White, attorney-in-fact
Issuer symbol
AMBC
Transactions as of
28 Feb 2025
Net transactions value
-$42,533
Form type
4
Filing time
04 Mar 2025, 18:14:52 UTC
Previous filing
15 Mar 2024
Next filing
10 Mar 2025
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 +5,725 +5.1% 117,530 28 Feb 2025 Direct F1
transaction AMBC Common Stock Tax liability $23,013 -2,370 -2% $9.71 115,160 28 Feb 2025 Direct F2
transaction AMBC Common Stock Options Exercise +5,214 +4.5% 120,374 03 Mar 2025 Direct F1
transaction AMBC Common Stock Tax liability $19,521 -2,099 -1.7% $9.30 118,275 03 Mar 2025 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 -5,725 -18% 26,498 28 Feb 2025 Common Stock 5,725 Direct F1, F3
transaction AMBC Restricted Stock Units Options Exercise -5,214 -20% 21,284 03 Mar 2025 Common Stock 5,214 Direct F1, F4
* 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 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 Represents the aggregate amount of RSUs that were converted into shares of common stock of the Company upon settlement of a portion of the reporting person's 2022 Long Term Incentive Plan award.
F4 Represents the amount of RSUs that were converted into shares of common stock of the Company upon settlement of a portion of the reporting person's 2023 Long Term Incentive Plan award.