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

Role
Chief Executive Officer, Director
Signature
William White, attorney-in-fact
Issuer symbol
AMBC
Transactions as of
28 Feb 2025
Transactions value $
-$19,444
Form type
4
Filing time
04 Mar 2025, 18:22:43 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 +1,152 +0.22% 528,568 28 Feb 2025 Direct F1
transaction AMBC Common Stock Tax liability -$11,185 -1,152 -0.22% $9.71 527,416 28 Feb 2025 Direct F2
transaction AMBC Common Stock Options Exercise +888 +0.17% 528,304 03 Mar 2025 Direct F1
transaction AMBC Common Stock Tax liability -$8,258 -888 -0.17% $9.3 527,416 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 -25,762 -18% 119,247 28 Feb 2025 Common Stock 25,762 Direct F1, F3
transaction AMBC Deferred Share Units Options Exercise +24,610 +7.2% 364,167 28 Feb 2025 Common Stock 24,610 Direct F4, F5
transaction AMBC Restricted Stock Units Options Exercise -23,464 -20% 95,783 03 Mar 2025 Common Stock 23,464 Direct F1, F6
transaction AMBC Deferred Share Units Options Exercise +22,576 +6.2% 386,743 03 Mar 2025 Common Stock 22,576 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 deferred share units ("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.