David Trick - 11 Mar 2025 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Exec VP, CFO & Treasurer
Signature
William J. White, attoney-in-fact
Issuer symbol
AMBC
Transactions as of
11 Mar 2025
Net transactions value
-$2,240
Form type
4
Filing time
14 Mar 2025, 16:42:13 UTC
Previous filing
10 Mar 2025
Next filing
09 Jul 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 +267 +0.17% $0.000000 156,349 13 Mar 2025 Direct F1
transaction AMBC Common Stock Tax liability $2,240 -267 -0.17% $8.39 156,349 13 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 $0 -5,562 -24% $0.000000 17,601 13 Mar 2025 Common Stock 5,562 Direct F3, F4
transaction AMBC Restricted Stock Units Options Exercise $0 -267 -1.5% $0.000000 17,334 11 Mar 2025 Common Stock 267 Direct F3, F5
transaction AMBC Deferred Share Units Options Exercise $0 +5,562 +3.5% $0.000000 165,361 13 Mar 2025 Common Stock 5,562 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 270 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the vesting and settlement of a portion of the reporting person's 2022 restrictive stock unit Long Term Incentive Plan ("2022 RSU LTIP") award.
F2 Represents the amount of RSUs that were converted into 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 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 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.