AMBAC FINANCIAL GROUP INC — Director's Dealing 2022

Feb 28, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMBAC FINANCIAL GROUP INC (AMBC)
CIK: 0000874501
Period of Report: 2022-02-24

Reporting Person: BARRANCO DAVID (Senior Managing Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-24	Common Stock	M	22710	—	Acquired	79521	Direct
2022-02-24	Common Stock	F	11572	$14.35	Disposed	67949	Direct

Footnotes

F1: The reporting person acquired 22,710 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of the reporting person's 2019 Long Term Incentive Plan ("2019 LTIP") award, which had a three year performance period and vested on February 24, 2022.

F2: As part of the vesting and settlement of the 2019 LTIP award, 11,572 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.