Form 4: Ambac Financial Group Exec VP, CFO & Treasurer David Trick Reports Changes in Beneficial Ownership

David Trick, Exec VP, CFO & Treasurer of Ambac Financial Group, reports transactions involving restricted stock units and deferred share units, resulting in adjustments to his holdings of common stock.

Summary

• On February 28, 2025, David Trick converted 6,230 Restricted Stock Units (RSUs) into common stock and 5,567 Deferred Share Units (DSUs) into common stock.
• The company withheld 663 shares of common stock at a price of $9.71 to satisfy tax obligations.
• On March 3, 2025, David Trick converted 5,674 RSUs into common stock and 5,473 DSUs into common stock.
• The company withheld 201 shares of common stock at a price of $9.3 to satisfy tax obligations.
• Following these transactions, Trick directly owns 156,082 shares of common stock, 23,163 Restricted Stock Units, and 93,222 Deferred Share Units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the actions of company executives.

Stakeholder Impact

• Shareholders can monitor insider transactions for insights into management's perspective on the company's stock.

Key Dates