Welcome to our dedicated page for Ambac Finl Group SEC filings (Ticker: AMBC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The AMBC SEC filings page on Stock Titan aggregates regulatory documents for Ambac Financial Group, Inc., which has been renamed Octave Specialty Group, Inc. According to an 8-K filing, the company amended its certificate of incorporation to adopt the Octave Specialty Group, Inc. name, with Ambac Financial Group, Inc. identified as the former name. These filings provide a detailed record of the company’s evolution from a financial guarantee-focused holding company to a specialty property and casualty insurance and insurance distribution platform.
Users can review Form 8-K current reports that describe material events such as the sale of Ambac Assurance Corporation and Ambac Assurance UK Limited to entities managed by Oaktree Capital Management, the acquisition of ArmadaCorp Capital, LLC and ArmadaCare, and the entry into senior secured credit facilities used in part to finance acquisitions. Other 8-K filings cover the name change to Octave Specialty Group, Inc., changes in the company’s independent registered public accounting firm, and executive compensation and employment agreements.
In addition to event-driven reports, investors typically consult annual reports on Form 10-K and quarterly reports on Form 10-Q for comprehensive financial statements, segment disclosures for Insurance Distribution and Specialty P&C Insurance, and discussions of risk factors and business strategy. While specific 10-K and 10-Q documents are not summarized here, they are accessible through EDGAR and provide context on revenues from commissions, program fees, and net premiums earned, as well as underwriting results at Everspan Group and related entities.
The filings page also surfaces information on insider and governance-related disclosures that may appear in proxy statements and ownership reports, alongside exhibits such as credit agreements, purchase agreements, and investor rights agreements. Stock Titan enhances access to these materials with AI-powered summaries that highlight key terms, structural changes, and financial implications, helping users interpret lengthy documents more efficiently.
By using this page, researchers can trace the regulatory history associated with the AMBC ticker, understand the transactions that enabled the shift to a pure-play MGA and specialty insurance platform, and follow the formal documentation of the company’s rebranding to Octave Specialty Group, Inc. and related governance changes.
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.
Ambac Financial Group director Jeffrey Scott Stein reported that 167,807 restricted stock units (RSUs) vested and were settled on 09/29/2025 following a change of control triggered by 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 receive one share of Ambac common stock. After the settlement, Mr. Stein beneficially owns 217,807 shares of Ambac common stock. The filing was signed by William J. White as attorney-in-fact on 09/30/2025.
Ambac Financial Group, Inc. (AMBC) Form 3 shows Cristina E. Ahn, listed as a Director and Chief Accounting Officer, reported initial beneficial ownership of 2,486 restricted stock units (RSUs) that represent common stock. The RSUs were granted on March 10, 2025 as part of the 2025 Long Term Incentive Plan and will vest in three equal annual installments beginning March 10, 2026, with subsequent vesting on March 3, 2027 and March 3, 2028. The filing was dated 09/29/2025 for the event and signed via attorney-in-fact on 09/30/2025. No other securities or derivative holdings are reported on this form.
Ambac Financial Group accelerated executive PSU vesting after selling its legacy assurance business. After the sale of Ambac Assurance Corporation, the Compensation Committee accelerated vesting of 2023 and 2024 performance stock units for CEO Claude LeBlanc, CFO David Trick and COO R. Sharon Smith because many performance metrics were tied to the legacy business that closed with the sale. The 2023 awards vested at 121.5% of target and the 2024 awards vested at 100% of target. The vested PSU amounts were 368,313 for Mr. LeBlanc, 89,071 for Mr. Trick and 79,441 for Ms. Smith.
Ambac Financial Group entered into new one-year renewable employment agreements with CEO Claude LeBlanc, CFO David Trick and Executive VP/Group COO R. Sharon Smith effective September 29, 2025. The CEO's package includes a $900,000 base salary, 125% target bonus, a $2.65M target long-term award (from 2026), a $900,000 one-time cash award, $2.1M RSU grant vesting in one year and a 500,000-share performance stock option with multi-tier price hurdles and a 10-year term. Mr. Trick and Ms. Smith received base salaries of $600,000 and $500,000, target bonuses of 70% and 75%, one-time cash awards of $600,000 and $500,000, and respective RSU/PSO special awards (Ms. Smith's PSO for 284,125 shares). Agreements specify severance, accelerated vesting on death/disability, enhanced Change-in-Control payments, restrictive covenants and stock ownership requirements. The Board also amended the 2024 Incentive Plan to remove certain per-participant award limits while leaving director limits and aggregate share cap unchanged. Several officer transitions accompanied the sale of Ambac Assurance Corporation, including appointments of Ms. Smith as Group COO and Cristina Ahn as Chief Accounting Officer.
Ambac Financial Group, Inc. (AMBC) disclosed that the buyer in its announced acquisition entered a Commitment Letter with Truist Securities and Truist Bank for senior secured credit facilities totaling $120,000,000—a $100,000,000 term loan and a $20,000,000 revolving credit facility. The buyer expects to obtain the first-lien term loan before or substantially concurrent with closing and plans to use proceeds to finance part of the purchase price, pay transaction fees and provide working capital.
The Commitment Letter is conditional and may not close as anticipated; it expires on the earlier of February 2, 2026, the acquisition closing (with or without the facilities), or termination of the acquisition agreement. The filing includes standard forward-looking statements and cautions that actual results may differ due to regulatory, legal, or other contingencies.
Ambac Financial Group completed the sale of its wholly owned subsidiary Ambac Assurance Corporation to Acorn for $420,000,000 in cash, subject to adjustments, on September 29, 2025. Concurrent with the closing, the company issued a warrant to the investor exercisable for 5,092,707 shares of Ambac common stock. The warrant includes staged conversion windows beginning after the six-month lock-up termination and limits conversion frequency and size, and the company may elect to settle conversions in stock, cash based on a Black-Scholes valuation, or a combination.
The total cash and stock consideration the company may pay upon conversion of the warrant is capped at $70 million in the aggregate. The warrant and related Warrant Shares were issued in reliance on Section 4(a)(2) exemptions. The transaction and investor rights are described as governed by referenced agreements incorporated by exhibit.
SIG Brokerage, LP and Susquehanna Securities, LLC filed a Schedule 13G reporting collective beneficial ownership of 2,378,783 shares of Ambac Financial Group, Inc., representing 5.1% of the outstanding common stock. The filing states the reported totals incorporate options to acquire 12,500 shares by SIG Brokerage and 1,423,200 shares by Susquehanna Securities. The company had 46,427,421 shares outstanding as of May 9, 2025, per the filing's incorporated quarterly report.
The reporting entities are Delaware-organized broker-dealers with a Bala Cynwyd, PA principal office. They certify the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
LeBlanc Claude, serving as Chief Executive Officer and a Director of Ambac Financial Group, Inc. (AMBC), reported a purchase of 25,000 shares of AMBC common stock on 08/11/2025 at a price of $7.03 per share. After the transaction the filing shows 603,291 shares beneficially owned directly. The disclosure was submitted on a Form 4 and signed by an attorney-in-fact.