Form 4: Ambac Financial Group Inc: Officer Ksenak Reports Stock Transactions

Stephen Michael Ksenak, Sr. MD & General Counsel of Ambac Financial Group Inc, reports transactions involving common stock and derivative securities.

Summary

• Stephen Michael Ksenak, a Senior Managing Director and General Counsel at Ambac Financial Group Inc, filed a Form 4 detailing changes in beneficial ownership.
• The report includes transactions involving common stock and derivative securities, specifically Restricted Stock Units (RSUs) and Deferred Share Units (DSUs).
• On February 28, 2025, 582 shares were acquired through the vesting of RSUs and then disposed of to cover tax obligations at a price of $9.71.
• Also on February 28, 2025, 5,051 RSUs and 4,469 DSUs were converted.
• On March 3, 2025, 400 shares were acquired through the vesting of RSUs and then disposed of to cover tax obligations at a price of $9.3.
• Also on March 3, 2025, 4,601 RSUs and 4,201 DSUs were converted.
• Following these transactions, Ksenak directly owns 116,609 shares of common stock, 18,780 Restricted Stock Units, and 75,147 Deferred Share Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the vesting and disposal of shares by an executive.

Key Dates