David Barranco - Mar 13, 2025 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Senior Managing Director
Signature
William J. White, attoney-in-fact
Stock symbol
AMBC
Transactions as of
Mar 13, 2025
Transactions value $
-$1,586
Form type
4
Date filed
3/14/2025, 04:30 PM
Previous 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 $0 +189 +0.15% $0.00 129K Mar 13, 2025 Direct F1
transaction AMBC Common Stock Tax liability -$1.59K -189 -0.15% $8.39 128K Mar 13, 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 $0 -5.17K -24.28% $0.00 16.1K Mar 13, 2025 Common Stock 5.17K Direct F3, F4
transaction AMBC Restricted Stock Units Options Exercise $0 -189 -1.17% $0.00 15.9K Mar 13, 2025 Common Stock 189 Direct F3, F5
transaction AMBC Deferred Share Units Options Exercise $0 +5.17K +5.63% $0.00 96.9K Mar 13, 2025 Common Stock 5.17K Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person acquired 189 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the vesting and settlement of a portion of the reporting person's 2024 Restrictive Stock Unit Long Term Incentive Plan ("2024 RSU LTIP") award.
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 Each RSU represents a contingent right to receive one share of the common stock of the Company.
F4 Represents the aggregate amount of RSUs that were converted into an equivalent number of deferred share unit ("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 and Performance Stock Unit awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended.
F5 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 2024 Long Term Incentive Plan award.
F6 Each DSU represents a contingent right to receive one share of common stock of the Company.