[Form 4] AMBAC FINANCIAL GROUP INC Insider Trading Activity
Ian David Haft, a director of Ambac Financial Group, Inc. (AMBC), reported the vesting and settlement of 131,921 restricted stock units that converted into 131,921 shares of common stock on 09/29/2025. The vesting was triggered by a change of control following the closing of the sale of Ambac Assurance Corporation to an entity owned by funds managed by Oaktree Capital Management, L.P. Each RSU represents a contingent right to one share of common stock, and the underlying shares were recorded with a price of $0. The filing shows the shares are beneficially owned directly and the Form 4 was signed by William White, attorney-in-fact, on 09/30/2025.
Ian David Haft, direttore di Ambac Financial Group, Inc. (AMBC), ha riportato la vesting e la quietanza di 131.921 unità azionarie vincolate che si sono convertite in 131.921 azioni ordinarie il 29/09/2025. La vesting è stata attivata da un cambiamento di controllo a seguito della chiusura della vendita di Ambac Assurance Corporation a una entità di proprietà di fondi gestiti da Oaktree Capital Management, L.P. Ogni RSU rappresenta un diritto contingente a una azione ordinaria, e le azioni sottostanti sono state registrate con un prezzo di $0. La dichiarazione mostra che le azioni sono detenute beneficiamente direttamente e la Form 4 è stata firmata da William White, procuratore, il 30/09/2025.
Ian David Haft, director de Ambac Financial Group, Inc. (AMBC), informó la consolidación y liquidación de 131,921 unidades de acciones restringidas que se convirtieron en 131,921 acciones ordinarias el 29/09/2025. La consolidación se activó por un cambio de control tras el cierre de la venta de Ambac Assurance Corporation a una entidad propiedad de fondos gestionados por Oaktree Capital Management, L.P. Cada RSU representa un derecho contingente a una acción ordinaria, y las acciones subyacentes se registraron a un precio de $0. La presentación indica que las acciones son de titularidad beneficiaria directa y la Form 4 fue firmada por William White, apoderado, el 30/09/2025.
Ian David Haft는 Ambac Financial Group, Inc. (AMBC)의 이사로서 2025년 9월 29일에 131,921주의 제한 주식 단위가 권리로 성립되고 131,921주의 보통주로 전환되었다고 보고했습니다. 이 성립은 Oaktree Capital Management, L.P.가 관리하는 펀드가 소유한 엔티티에 Ambac Assurance Corporation의 매각 종결로 인한 지배권 변경에 의해 촉발되었습니다. 각 RSU는 보통주 한 주에 대한 조건부 권리를 나타내며 기초 주식은 $0의 가격으로 기록되었습니다. 제출서는 주식이 직접 유익하게 소유되며 Form 4가 2025년 9월 30일에 William White(대리인)가 서명했다고 보여줍니다.
Ian David Haft, directeur de Ambac Financial Group, Inc. (AMBC), a signalé l'acquisition et le règlement de 131 921 unités d’actions restreintes qui se sont converties en 131 921 actions ordinaires le 29/09/2025. L'acquisition a été déclenchée par un changement de contrôle après la clôture de la vente d'Ambac Assurance Corporation à une entité détenue par des fonds gérés par Oaktree Capital Management, L.P. Chaque RSU représente un droit éventuel à une action ordinaire, et les actions sous-jacentes ont été enregistrées à un prix de 0 $. Le dossier indique que les actions sont détenues directement pour le compte du bénéficiaire et le formulaire 4 a été signé par William White, mandataire, le 30/09/2025.
Ian David Haft, Direktor der Ambac Financial Group, Inc. (AMBC), meldete die Vesting und Abrechnung von 131.921 Restricted Stock Units, die am 29.09.2025 in 131.921 Stammaktien umgewandelt wurden. Die Vesting wurde durch eine Kontrollwechsel nach dem Abschluss des Verkaufs von Ambac Assurance Corporation an eine von Fonds verwaltete Einheit von Oaktree Capital Management, L.P. ausgelöst. Jede RSU repräsentiert ein bedingtes Recht auf eine Stammaktie, und die zugrunde liegenden Aktien wurden mit einem Preis von 0 $ registriert. Die Einreichung zeigt, dass die Aktien direkt begünstigt gehalten werden und das Formular 4 am 30.09.2025 von William White, Bevollmächtigter, unterzeichnet wurde.
إيان ديفيد هافت، مدير في Ambac Financial Group, Inc. (AMBC)، أبلغ عن استحقاق وتسوية 131,921 وحدة أسهم مقيدة تحولت إلى 131,921 سهماً من الأسهم العادية في 29/09/2025. تم تشغيل الاستحقاق نتيجة تغير في السيطرة بعد إغلاق بيع Ambac Assurance Corporation إلى كيان مملوك من قبل الصناديق المدارة من قبل Oaktree Capital Management, L.P. كل RSU يمثل حقاً مشروطاً في سهم عادي واحد، والأسهم الأساسية مسجلة بسعر 0 دولار. يظهر الملف أن الأسهم مملوكة بشكل مستفيد مباشرة وأن النموذج Form 4 قد تم توقيعه من قبل William White، وكيل قانوني، في 30/09/2025.
Ian David Haft，Ambac Financial Group, Inc.（AMBC）的董事，报告了131,921份受限股票单位的归属与结算，这些单位已于2025年9月29日转换为131,921股普通股。 归属是因 Ambac Assurance Corporation 在 Oaktree Capital Management, L.P. 管理基金所拥有的实体完成收购后发生的控制权变更而触发的。每份 RSU 表示对一股普通股的有条件权利，相关股票按0美元入账。该申报显示股票为直接受益所有，Form 4 已由 William White 代理签署，日期为 2025-09-30。
- 131,921 RSUs vested and settled, converting to 131,921 directly held common shares
- Vesting triggered by documented corporate transaction (sale of Ambac Assurance to Oaktree-managed funds), providing a clear cause for the change
- Shares were acquired at $0 as a result of RSU settlement, representing a zero-cost benefit to the reporting director
- Change of control occurred (sale of Ambac Assurance), which materially altered prior ownership arrangements
Insights
TL;DR: Change-of-control sale triggered director RSU vesting, converting 131,921 RSUs into common shares.
The filing documents a standard change-of-control acceleration of director restricted stock units following the sale of Ambac Assurance to an Oaktree-managed entity. The director's 131,921 RSUs vested and settled into the same number of common shares, recorded at $0 consideration, and are held directly. This is a routine post-transaction equity settlement for insiders and reflects contractual acceleration rather than a voluntary grant. Materiality lies in the change-in-control event that caused the vesting, which is disclosed explicitly.
TL;DR: Insider holding increased by 131,921 shares via vested RSUs after asset sale; recorded as direct ownership.
From a securities-disclosure standpoint, the Form 4 shows an insider converted contingent RSUs into 131,921 shares on 09/29/2025 due to a change of control. The filing specifies each RSU equals one share and lists the post-transaction beneficial ownership as 131,921 shares. The transaction code and zero price for the underlying shares indicate settlement of previously granted equity, not an open-market purchase. This update is relevant for ownership tables and insider position tracking.
Ian David Haft, direttore di Ambac Financial Group, Inc. (AMBC), ha riportato la vesting e la quietanza di 131.921 unità azionarie vincolate che si sono convertite in 131.921 azioni ordinarie il 29/09/2025. La vesting è stata attivata da un cambiamento di controllo a seguito della chiusura della vendita di Ambac Assurance Corporation a una entità di proprietà di fondi gestiti da Oaktree Capital Management, L.P. Ogni RSU rappresenta un diritto contingente a una azione ordinaria, e le azioni sottostanti sono state registrate con un prezzo di $0. La dichiarazione mostra che le azioni sono detenute beneficiamente direttamente e la Form 4 è stata firmata da William White, procuratore, il 30/09/2025.
Ian David Haft, director de Ambac Financial Group, Inc. (AMBC), informó la consolidación y liquidación de 131,921 unidades de acciones restringidas que se convirtieron en 131,921 acciones ordinarias el 29/09/2025. La consolidación se activó por un cambio de control tras el cierre de la venta de Ambac Assurance Corporation a una entidad propiedad de fondos gestionados por Oaktree Capital Management, L.P. Cada RSU representa un derecho contingente a una acción ordinaria, y las acciones subyacentes se registraron a un precio de $0. La presentación indica que las acciones son de titularidad beneficiaria directa y la Form 4 fue firmada por William White, apoderado, el 30/09/2025.
Ian David Haft는 Ambac Financial Group, Inc. (AMBC)의 이사로서 2025년 9월 29일에 131,921주의 제한 주식 단위가 권리로 성립되고 131,921주의 보통주로 전환되었다고 보고했습니다. 이 성립은 Oaktree Capital Management, L.P.가 관리하는 펀드가 소유한 엔티티에 Ambac Assurance Corporation의 매각 종결로 인한 지배권 변경에 의해 촉발되었습니다. 각 RSU는 보통주 한 주에 대한 조건부 권리를 나타내며 기초 주식은 $0의 가격으로 기록되었습니다. 제출서는 주식이 직접 유익하게 소유되며 Form 4가 2025년 9월 30일에 William White(대리인)가 서명했다고 보여줍니다.
Ian David Haft, directeur de Ambac Financial Group, Inc. (AMBC), a signalé l'acquisition et le règlement de 131 921 unités d’actions restreintes qui se sont converties en 131 921 actions ordinaires le 29/09/2025. L'acquisition a été déclenchée par un changement de contrôle après la clôture de la vente d'Ambac Assurance Corporation à une entité détenue par des fonds gérés par Oaktree Capital Management, L.P. Chaque RSU représente un droit éventuel à une action ordinaire, et les actions sous-jacentes ont été enregistrées à un prix de 0 $. Le dossier indique que les actions sont détenues directement pour le compte du bénéficiaire et le formulaire 4 a été signé par William White, mandataire, le 30/09/2025.
Ian David Haft, Direktor der Ambac Financial Group, Inc. (AMBC), meldete die Vesting und Abrechnung von 131.921 Restricted Stock Units, die am 29.09.2025 in 131.921 Stammaktien umgewandelt wurden. Die Vesting wurde durch eine Kontrollwechsel nach dem Abschluss des Verkaufs von Ambac Assurance Corporation an eine von Fonds verwaltete Einheit von Oaktree Capital Management, L.P. ausgelöst. Jede RSU repräsentiert ein bedingtes Recht auf eine Stammaktie, und die zugrunde liegenden Aktien wurden mit einem Preis von 0 $ registriert. Die Einreichung zeigt, dass die Aktien direkt begünstigt gehalten werden und das Formular 4 am 30.09.2025 von William White, Bevollmächtigter, unterzeichnet wurde.
FAQ
What transaction did Ian David Haft report on Form 4 for AMBC?
Why did the RSUs vest for the AMBC director?
How many shares does each RSU convert into according to the filing?
What was the reported price per share for the settled RSUs?
Who signed the Form 4 and when was it signed?
