Filing Details
- Accession Number:
- 0000874501-25-000042
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2025-03-10 16:26:08
- Reporting Period:
- 2025-03-06
- Filing Date:
- 2025-03-10
- Accepted Time:
- 2025-03-10 16:26:08
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 874501 | Ambac Financial Group Inc | AMBC | Surety Insurance (6351) | 133621676 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1900989 | Daniel Mcginnis | Ambac Financial Group, Inc. One World Trade Center, 41St Floor New York, NY 10007 | Sr. Md & Coo | No | Yes | No | No |
Transaction Summary
| Number of Shares After Transactions: | 18,456 shares | ||
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2025-03-06 | 16,874 | $0.00 | 25,192 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2025-03-06 | 6,736 | $9.16 | 18,456 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Deferred Share Units | Acquisiton | 2025-03-06 | 14,838 | $0.00 | 14,838 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 27,248 | No | 4 | A | Direct |
Footnotes
- The reporting person acquired 16,874 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of a portion of the reporting person's 2022 Long Term Incentive Plan award, which had a three year performance period and vested on March 6, 2025.
- As part of the vesting and settlement of a portion of the 2022 LTIP award, 6,736 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.
- Represents the aggregate amount of performance stock units ("PSUs") 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 PSUs and Restricted Stock Unit awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended.
Billionaire Hedge Funds
