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

Role: Exec VP, CFO & Treasurer
Signature: William White, attorney-in-fact
Stock symbol: AMBC
Transactions as of: Feb 28, 2025
Transactions value $: -$8,307
Form type: 4
Date filed: 3/4/2025, 06:30 PM
Previous filing: Aug 8, 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		+663	+0.42%		157K	Feb 28, 2025	Direct	F1
transaction	AMBC	Common Stock	Tax liability	-$6.44K	-663	-0.42%	$9.71	156K	Feb 28, 2025	Direct	F2
transaction	AMBC	Common Stock	Options Exercise		+201	+0.13%		156K	Mar 3, 2025	Direct	F1
transaction	AMBC	Common Stock	Tax liability	-$1.87K	-201	-0.13%	$9.30	156K	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		-6.23K	-17.77%		28.8K	Feb 28, 2025	Common Stock	6.23K		Direct	F1, F3
transaction	AMBC	Deferred Share Units	Options Exercise		+5.57K	+6.77%		87.7K	Feb 28, 2025	Common Stock	5.57K		Direct	F4, F5
transaction	AMBC	Restricted Stock Units	Options Exercise		-5.67K	-19.68%		23.2K	Mar 3, 2025	Common Stock	5.67K		Direct	F1, F6
transaction	AMBC	Deferred Share Units	Options Exercise		+5.47K	+6.24%		93.2K	Mar 3, 2025	Common Stock	5.47K		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.