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AMBC Form 4: Director Ian Haft receives 4,126 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Ambac Financial Group director Ian David Haft was granted 4,126 restricted stock units (RSUs) on 10/01/2025. Each RSU represents a contingent right to one share of Ambac common stock (AMBC). The RSUs carry a $0 purchase price, vest one year after grant on 10/01/2026, and any vested RSUs will convert into shares when the reporting person resigns or otherwise ceases to serve on the board. The Form 4 was filed on 10/02/2025 and signed by an attorney-in-fact.

Positive

  • 4,126 RSUs granted to a director aligns management and shareholder interests
  • RSUs vest on 10/01/2026, providing clear retention incentives tied to board service

Negative

  • None.

Insights

Director awarded 4,126 RSUs to align incentives with shareholders.

This grant to Ian David Haft is a board-level equity award that vests in one year on 10/01/2026, tying potential ownership to continued board service. Such awards are common for directors and indicate compensation is equity-linked rather than cash-based.

The settlement condition—conversion of vested RSUs into shares upon board departure—means the reporting person receives shares only after service termination, preserving alignment while controlling immediate dilution.

Grant size (4,126 RSUs) is modest and specific to director compensation.

The award has $0 purchase price and standard one-year vesting, suggesting a retention and alignment incentive rather than immediate compensation. The filing shows 4,126 underlying shares will be issued upon settlement, which is a precise, quantifiable change to outstanding equity when settled.

Insider HAFT IAN DAVID
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units 4,126 $0.00 --
Holdings After Transaction: Restricted Stock Units — 4,126 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Ambac Financial Group, Inc. (the "Company"). RSU's granted on October 1, 2025 shall vest one year later on October 1, 2026. RSUs that have become vested shall settle and convert into shares of common stock upon the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of the Company.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
HAFT IAN DAVID
(Last) (First) (Middle)
AMBAC FINANCIAL GROUP, INC.
ONE WORLD TRADE CENTER, 41ST FLOOR
(Street)
NEW YORK NY 10007
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
AMBAC FINANCIAL GROUP INC [ AMBC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 10/01/2025 A 4,126 (2) (2) Common Stock 4,126 $0 4,126 D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Ambac Financial Group, Inc. (the "Company").
2. RSU's granted on October 1, 2025 shall vest one year later on October 1, 2026. RSUs that have become vested shall settle and convert into shares of common stock upon the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of the Company.
Remarks:
William White, attorney-in-fact 10/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Ambac (AMBC) report in this Form 4 filing?

The filing reports a grant of 4,126 restricted stock units (RSUs) to director Ian David Haft on 10/01/2025.

When do the RSUs granted to the director vest?

The RSUs vest one year after the grant on 10/01/2026.

How many shares will the RSUs convert into for AMBC?

Each RSU represents one share, so the grant equals 4,126 underlying shares upon settlement.

What is the price paid by the reporting person for these RSUs?

The reported price is $0 per RSU.

Under what condition will vested RSUs convert into Ambac common stock?

Vested RSUs will settle and convert into shares when the reporting person resigns or otherwise ceases to be a member of the Board of Directors.