David Barranco - Feb 28, 2025 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Senior Managing Director
Signature
William White, attorney-in-fact
Stock symbol
AMBC
Transactions as of
Feb 28, 2025
Transactions value $
-$42,533
Form type
4
Date filed
3/4/2025, 06:14 PM
Previous filing
Mar 15, 2024
Next filing
Mar 10, 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 +5.73K +5.12% 118K Feb 28, 2025 Direct F1
transaction AMBC Common Stock Tax liability -$23K -2.37K -2.02% $9.71 115K Feb 28, 2025 Direct F2
transaction AMBC Common Stock Options Exercise +5.21K +4.53% 120K Mar 3, 2025 Direct F1
transaction AMBC Common Stock Tax liability -$19.5K -2.1K -1.74% $9.30 118K Mar 3, 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 -5.73K -17.77% 26.5K Feb 28, 2025 Common Stock 5.73K Direct F1, F3
transaction AMBC Restricted Stock Units Options Exercise -5.21K -19.68% 21.3K Mar 3, 2025 Common Stock 5.21K 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.