McGinnis Daniel 4
4 · AMBAC FINANCIAL GROUP INC · Filed Oct 1, 2025
Insider Transaction Report
Form 4
McGinnis Daniel
Sr. MD & COO
Transactions
- Conversion
Common Stock
2025-09-29+29,832→ 48,288 total - Tax Payment
Common Stock
2025-09-29$9.72/sh−10,053$97,715→ 38,235 total - Conversion
Deferred Share Units
2025-09-29−29,832→ 0 total→ Common Stock (29,832 underlying)
Footnotes (3)
- [F1]Upon the closing of the sale of Ambac Assurance Corporation by Ambac Financial Group to an entity owned by funds managed by Oaktree Capital Management, L.P., a change of control was triggered causing the Reporting Person's Deferred Share Units ("DSUs") to vest and settle.
- [F2]Represents the amount of DSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.
- [F3]Each DSU represents a contingent right to receive one share of common stock of the Company.