4/A//SEC Filing
Trick David 4/A
Accession 0001628280-25-044131
CIK 0000874501other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 4:58 PM ET
Size
8.9 KB
Accession
0001628280-25-044131
Insider Transaction Report
Form 4/AAmended
Trick David
Senior Managing Director, CFO
Transactions
- Award
Performance Stock Option
2025-10-03+350,375→ 350,375 totalExercise: $8.97Exp: 2035-10-03→ Common Stock (350,375 underlying) - Award
Restricted Stock Units
2025-10-03+66,519→ 123,439 total→ Common Stock (66,519 underlying)
Footnotes (4)
- [F1]The Performance Stock Option shall be eligible to vest beginning one year after the grant date based on Ambac Financial Group, Inc.'s (the "Company") achievement of the certain price hurdles related to the shares of Common Stock, during the five (5) year period following the grant date as follows: (i) 40 % shall vest on the date on which the sustained stock price first exceeds $18.00 per share; (ii) 20% shall vest on the date on which the sustained stock price first exceeds $21.50 per share; (iii) 20% shall vest on the date on which the sustained stock price first exceeds $25.00 per share; and (iv) 20% shall vest on the date on which the sustained stock price first exceeds $30.00 per share.
- [F2]On October 3, 2025, the reporting person filed a Form 4 that inadvertently reported the expiration date of the performance stock option award as October 3, 2025. The correct expiration date is October 3, 2035.
- [F3]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of the Company.
- [F4]On October 3, 2025 the reporting person received a special RSU grant that will vest and become non-forfeitable after one year (subject to limited exceptions), but will not settle until the earlier of the fifth (5) year anniversary of the grant date or the reporting person's termination date, provided such termination occurs after the one year vesting date.
Documents
Issuer
AMBAC FINANCIAL GROUP INC
CIK 0000874501
Entity typeother
Related Parties
1- filerCIK 0001480597
Filing Metadata
- Form type
- 4/A
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 4:58 PM ET
- Size
- 8.9 KB