Ksenak Stephen Michael 4
4 · AMBAC FINANCIAL GROUP INC · Filed Oct 1, 2025
Insider Transaction Report
Form 4
Ksenak Stephen Michael
Senior Managing Director, GC
Transactions
- Tax Payment
Common Stock
2025-09-29$9.72/sh−43,522$423,034→ 205,256 total - Conversion
Deferred Share Units
2025-09-29−129,146→ 0 total→ Common Stock (129,146 underlying) - Conversion
Common Stock
2025-09-29+129,146→ 248,778 total
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.