R. Sharon Smith - 28 Feb 2025 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Exec VP & Chief Strategy Offr
Signature
William White, attorney-in-fact
Issuer symbol
AMBC
Transactions as of
28 Feb 2025
Net transactions value
-$11,172
Form type
4
Filing time
04 Mar 2025, 18:27:52 UTC
Previous filing
08 Aug 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 +641 +0.86% 75,348 28 Feb 2025 Direct F1
transaction AMBC Common Stock Tax liability $6,224 -641 -0.85% $9.71 74,707 28 Feb 2025 Direct F2
transaction AMBC Common Stock Options Exercise +532 +0.71% 75,239 03 Mar 2025 Direct F1
transaction AMBC Common Stock Tax liability $4,948 -532 -0.71% $9.30 74,707 03 Mar 2025 Direct

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 -5,556 -18% 25,720 28 Feb 2025 Common Stock 5,556 Direct F1, F3
transaction AMBC Deferred Share Units Options Exercise +4,915 +6.9% 76,237 28 Feb 2025 Common Stock 4,915 Direct F4, F5
transaction AMBC Restricted Stock Units Options Exercise -5,061 -20% 20,659 03 Mar 2025 Common Stock 5,061 Direct F1, F6
transaction AMBC Deferred Share Units Options Exercise +4,529 +5.9% 80,766 03 Mar 2025 Common Stock 4,529 Direct F4, F5
* 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 amount of RSUs that vested upon settlement of a portion of the reporting person's 2022 Long Term Incentive Plan award.
F4 Each deferred share unit ("DSU") represents a contingent right to receive one share of common stock of the Company.
F5 Represents the aggregate amount of RSUs that were converted into an equivalent number of DSUs pursuant to the Company's Executive Stock Deferral Plan, which was designed to enable participants to elect to defer the settlement and income taxation of RSU awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended.
F6 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.