REILLY MICHAEL FRANCIS

SEC source: 0000874501-21-000066 · wf-form4_161532511640539.xml · derivative · entry 1

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,787

Underlying: Common Stock · 9,882 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Ambac Financial Group, Inc.

F2 · derivative.exercise_date: On March 8, 2021 the reporting person received a grant of 9,882 RSUs as part of their 2021 Long Term Incentive Plan award. The RSUs will vest in three equal installments commencing March 8, 2022, March 8, 2023, and March 8, 2024.

F2 · derivative.expiration_date: On March 8, 2021 the reporting person received a grant of 9,882 RSUs as part of their 2021 Long Term Incentive Plan award. The RSUs will vest in three equal installments commencing March 8, 2022, March 8, 2023, and March 8, 2024.

SEC source: 0000874501-21-000046 · wf-form4_161525091936319.xml · derivative · entry 3

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,723 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each DSU represents a contingent right to receive one share of the Company's common stock.

F1 · derivative.exercise_date: On March 4, 2021, there were 1,723 deferred share units ("DSUs") that settled, and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

F1 · derivative.expiration_date: On March 4, 2021, there were 1,723 deferred share units ("DSUs") that settled, and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-21-000046 · wf-form4_161525091936319.xml · nonDerivative · entry 2

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,134

F2 · shares: Represents DSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.

SEC source: 0000874501-21-000046 · wf-form4_161525091936319.xml · nonDerivative · entry 1

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,937

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On March 4, 2021, there were 1,723 deferred share units ("DSUs") that settled, and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-21-000039 · wf-form4_161480548844326.xml · derivative · entry 5

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,905

Underlying: Common Stock · 2,025 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock of the Company.

F3 · derivative.exercise_date: On March 2, 2021 there were 2,025 restricted stock units ("RSUs") that vested and settled and were converted into shares of common stock of the Company.

F3 · derivative.expiration_date: On March 2, 2021 there were 2,025 restricted stock units ("RSUs") that vested and settled and were converted into shares of common stock of the Company.

SEC source: 0000874501-21-000039 · wf-form4_161480548844326.xml · nonDerivative · entry 4

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,214

F4 · shares: Represents RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.

SEC source: 0000874501-21-000039 · wf-form4_161480548844326.xml · nonDerivative · entry 3

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,158

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · shares: On March 2, 2021 there were 2,025 restricted stock units ("RSUs") that vested and settled and were converted into shares of common stock of the Company.

SEC source: 0000874501-21-000039 · wf-form4_161480548844326.xml · nonDerivative · entry 2

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,133

F2 · shares: As part of the vesting and settlement of the 2018 LTIP, 12,100 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.

SEC source: 0000874501-21-000039 · wf-form4_161480548844326.xml · nonDerivative · entry 1

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,233

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: The reporting person acquired 24,298 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of the reporting person's 2018 Long Term Incentive Plan ("2018 LTIP") award, which had a three year performance period and vested on March 1, 2021.

SEC source: 0000874501-21-000014 · wf-form4_160979477964247.xml · derivative · entry 3

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,930

Underlying: Common Stock · 3,411 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of the common stock the Company.

F1 · derivative.exercise_date: Represents the aggregate amount of restricted stock units ("RSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2019 and 2020 Long Term Incentive Plan award.

F1 · derivative.expiration_date: Represents the aggregate amount of restricted stock units ("RSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2019 and 2020 Long Term Incentive Plan award.

SEC source: 0000874501-21-000014 · wf-form4_160979477964247.xml · nonDerivative · entry 2

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,935

F2 · shares: Represents the aggregate amount of RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.

SEC source: 0000874501-21-000014 · wf-form4_160979477964247.xml · nonDerivative · entry 1

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,030

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Represents the aggregate amount of restricted stock units ("RSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2019 and 2020 Long Term Incentive Plan award.

SEC source: 0000874501-20-000096 · wf-form4_159000620890657.xml · derivative · entry 3

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,341

Underlying: Common Stock · 2,502 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of the common stock the Company.

F1 · derivative.exercise_date: On May 18, 2020 there were 2,502 restricted stock unit ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

F1 · derivative.expiration_date: On May 18, 2020 there were 2,502 restricted stock unit ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-20-000096 · wf-form4_159000620890657.xml · nonDerivative · entry 2

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,619

F2 · shares: Represents the amount of RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.

SEC source: 0000874501-20-000096 · wf-form4_159000620890657.xml · nonDerivative · entry 1

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,410

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On May 18, 2020 there were 2,502 restricted stock unit ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-20-000057 · wf-form4_158352942230132.xml · derivative · entry 4

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,843

Underlying: Common Stock · 4,487 shares

Expires not disclosed

F4 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock.

F5 · derivative.exercise_date: On March 4, 2020 the reporting person received a grant of 4,487 RSUs as part of his 2020 Long Term Incentive Plan award. The RSUs will vest in three equal installments commencing January 2, 2021, January 2, 2022, and January 2, 2023.

F5 · derivative.expiration_date: On March 4, 2020 the reporting person received a grant of 4,487 RSUs as part of his 2020 Long Term Incentive Plan award. The RSUs will vest in three equal installments commencing January 2, 2021, January 2, 2022, and January 2, 2023.

SEC source: 0000874501-20-000057 · wf-form4_158352942230132.xml · derivative · entry 3

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,723

Underlying: Common Stock · 1,723 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each DSU represents a contingent right to receive one share of the Company's common stock.

F1 · derivative.exercise_date: On March 4, 2020, there were 1,723 deferred share units ("DSUs") that settled, and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

F1 · derivative.expiration_date: On March 4, 2020, there were 1,723 deferred share units ("DSUs") that settled, and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-20-000057 · wf-form4_158352942230132.xml · nonDerivative · entry 2

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,908

F2 · shares: Represents DSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.

SEC source: 0000874501-20-000057 · wf-form4_158352942230132.xml · nonDerivative · entry 1

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,452

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On March 4, 2020, there were 1,723 deferred share units ("DSUs") that settled, and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-20-000045 · wf-form4_158335710750838.xml · derivative · entry 8

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,356

Underlying: Common Stock · 2,025 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F8 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of the Company's common stock.

F5 · derivative.exercise_date: On March 2, 2020 there were 2,025 restricted stock units ("RSUs") that settled, and were converted into shares of common stock of the Company.

F5 · derivative.expiration_date: On March 2, 2020 there were 2,025 restricted stock units ("RSUs") that settled, and were converted into shares of common stock of the Company.

SEC source: 0000874501-20-000045 · wf-form4_158335710750838.xml · derivative · entry 7

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,446

Underlying: Common Stock · 2,095 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F7 · derivative.exercise_price: Each DSU represents a contingent right to receive one share of common stock of the Company.

F3 · derivative.exercise_date: On March 2, 2020 there were 2,095 deferred share units ("DSUs") that settled, and were converted into shares of common stock of the Company.

F3 · derivative.expiration_date: On March 2, 2020 there were 2,095 deferred share units ("DSUs") that settled, and were converted into shares of common stock of the Company.

SEC source: 0000874501-20-000045 · wf-form4_158335710750838.xml · nonDerivative · entry 6

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 31,729

F6 · shares: Represents RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.

SEC source: 0000874501-20-000045 · wf-form4_158335710750838.xml · nonDerivative · entry 5

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,369

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · shares: On March 2, 2020 there were 2,025 restricted stock units ("RSUs") that settled, and were converted into shares of common stock of the Company.

SEC source: 0000874501-20-000045 · wf-form4_158335710750838.xml · nonDerivative · entry 4

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,344

F4 · shares: Represents DSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.

SEC source: 0000874501-20-000045 · wf-form4_158335710750838.xml · nonDerivative · entry 3

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 31,006

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · shares: On March 2, 2020 there were 2,095 deferred share units ("DSUs") that settled, and were converted into shares of common stock of the Company.

SEC source: 0000874501-20-000045 · wf-form4_158335710750838.xml · nonDerivative · entry 2

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,911

F2 · shares: As part of the vesting and settlement of the 2017 LTIP, 4,424 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.

SEC source: 0000874501-20-000045 · wf-form4_158335710750838.xml · nonDerivative · entry 1

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,335

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: The reporting person acquired 12,691 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of the reporting person's 2017 Long Term Incentive Plan ("2017 LTIP") award, which had a three year performance period and vested on March 2, 2020.

SEC source: 0000874501-20-000005 · wf-form4_157834703857515.xml · derivative · entry 3

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,381

Underlying: Common Stock · 1,915 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of the common stock the Company.

F1 · derivative.exercise_date: On January 2, 2020 there were 1,915 restricted stock unit ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

F1 · derivative.expiration_date: On January 2, 2020 there were 1,915 restricted stock unit ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-20-000005 · wf-form4_157834703857515.xml · nonDerivative · entry 2

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,644

F2 · shares: Represents the amount of RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.

SEC source: 0000874501-20-000005 · wf-form4_157834703857515.xml · nonDerivative · entry 1

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,249

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On January 2, 2020 there were 1,915 restricted stock unit ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-19-000082 · wf-form4_155812464845792.xml · derivative · entry 3

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,296

Underlying: Common Stock · 2,502 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of the common stock the Company.

F1 · derivative.exercise_date: On May 16, 2019 there were 2,502 restricted stock units ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

F1 · derivative.expiration_date: On May 16, 2019 there were 2,502 restricted stock units ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-19-000082 · wf-form4_155812464845792.xml · nonDerivative · entry 2

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,334

F2 · shares: Represents the amount of RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.

SEC source: 0000874501-19-000082 · wf-form4_155812464845792.xml · nonDerivative · entry 1

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,125

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On May 16, 2019 there were 2,502 restricted stock units ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-19-000037 · wf-form4_155183796363538.xml · derivative · entry 7

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,798

Underlying: Common Stock · 5,744 shares

Expires not disclosed

F5 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock of the Company.

F7 · derivative.exercise_date: On March 4, 2019 the reporting person received a grant of 5,744 restricted stock units ("RSUs") as part of their 2019 Long Term Incentive Plan award. The RSUs will vest in three equal annual installments commencing January 2, 2020, January 2, 2021, and January 2, 2022.

F7 · derivative.expiration_date: On March 4, 2019 the reporting person received a grant of 5,744 restricted stock units ("RSUs") as part of their 2019 Long Term Incentive Plan award. The RSUs will vest in three equal annual installments commencing January 2, 2020, January 2, 2021, and January 2, 2022.

SEC source: 0000874501-19-000037 · wf-form4_155183796363538.xml · derivative · entry 6

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,541

Underlying: Common Stock · 3,568 shares

Expires not disclosed

F4 · derivative.exercise_price: Each DSU represents a contingent right to receive one share of the Company's common stock.

F6 · derivative.exercise_date: On March 4, 2019, there were 3,568 DSUs granted as part of the 2019 Short Term Incentive Plan. DSUs shall vest immediately and shall settle and convert into shares of common stock as follows: 50% of the DSUs shall settle and convert into shares of common stock on March 4, 2020, and the remaining 50% of the DSUs shall settle and convert into shares of common stock on March 4, 2021; provided however, that if the reporting person's employment with the Company is terminated for any reason, all of the DSUs will settle and convert into shares of common stock immediately. Notwithstanding the foregoing, a number of vested DSUs sufficient to satisfy certain tax withholding obligations imposed upon the Company may be converted into shares of common stock and withheld by the Company to satisfy such tax withholding obligations

F6 · derivative.expiration_date: On March 4, 2019, there were 3,568 DSUs granted as part of the 2019 Short Term Incentive Plan. DSUs shall vest immediately and shall settle and convert into shares of common stock as follows: 50% of the DSUs shall settle and convert into shares of common stock on March 4, 2020, and the remaining 50% of the DSUs shall settle and convert into shares of common stock on March 4, 2021; provided however, that if the reporting person's employment with the Company is terminated for any reason, all of the DSUs will settle and convert into shares of common stock immediately. Notwithstanding the foregoing, a number of vested DSUs sufficient to satisfy certain tax withholding obligations imposed upon the Company may be converted into shares of common stock and withheld by the Company to satisfy such tax withholding obligations

SEC source: 0000874501-19-000037 · wf-form4_155183796363538.xml · derivative · entry 5

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,054

Underlying: Common Stock · 2,025 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock of the Company.

F3 · derivative.exercise_date: On March 4, 2019, there were 2,025 restricted stock units ("RSUs") that settled, and were converted into shares of common stock of the Company.

F3 · derivative.expiration_date: On March 4, 2019, there were 2,025 restricted stock units ("RSUs") that settled, and were converted into shares of common stock of the Company.

SEC source: 0000874501-19-000037 · wf-form4_155183796363538.xml · derivative · entry 4

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,973

Underlying: Common Stock · 3,422 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: Each DSU represents a contingent right to receive one share of the Company's common stock.

F1 · derivative.exercise_date: Represents the aggregate amount of deferred share units ("DSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2017 and 2018 Short Term Incentive Plan award and a limited number of DSUs awarded pursuant to the 2019 Short Term Incentive Plan that were settled in order to satisfy certain tax withholding obligations imposed upon the Company

F1 · derivative.expiration_date: Represents the aggregate amount of deferred share units ("DSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2017 and 2018 Short Term Incentive Plan award and a limited number of DSUs awarded pursuant to the 2019 Short Term Incentive Plan that were settled in order to satisfy certain tax withholding obligations imposed upon the Company

SEC source: 0000874501-19-000037 · wf-form4_155183796363538.xml · nonDerivative · entry 3

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,623

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · shares: On March 4, 2019, there were 2,025 restricted stock units ("RSUs") that settled, and were converted into shares of common stock of the Company.

SEC source: 0000874501-19-000037 · wf-form4_155183796363538.xml · nonDerivative · entry 2

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,598

F2 · shares: Represents the aggregate amount of DSUs and RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.

SEC source: 0000874501-19-000037 · wf-form4_155183796363538.xml · nonDerivative · entry 1

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,403

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Represents the aggregate amount of deferred share units ("DSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2017 and 2018 Short Term Incentive Plan award and a limited number of DSUs awarded pursuant to the 2019 Short Term Incentive Plan that were settled in order to satisfy certain tax withholding obligations imposed upon the Company

SEC source: 0000874501-19-000014 · wf-form4_155130305337908.xml · nonDerivative · entry 2

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,981

F2 · shares: As part of this vesting and settlement, 3,730 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.

SEC source: 0000874501-19-000014 · wf-form4_155130305337908.xml · nonDerivative · entry 1

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,711

F1 · shares: The reporting person acquired 10,553 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of the reporting person's 2016 Long Term Incentive Plan award, which had a three year performance period and vested on February 25, 2019.

SEC source: 0000874501-18-000074 · wf-form4_152667396858475.xml · derivative · entry 4

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,079

Underlying: Common Stock · 221 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock of the Company.

F1 · derivative.exercise_date: On May 16, 2018, the Grant Date, 221 restricted stock units ("RSUs") vested, and were settled and converted into shares of common stock and withheld by Ambac Financial Group, Inc. (the "Company") to satisfy certain tax withholding obligations.

F1 · derivative.expiration_date: On May 16, 2018, the Grant Date, 221 restricted stock units ("RSUs") vested, and were settled and converted into shares of common stock and withheld by Ambac Financial Group, Inc. (the "Company") to satisfy certain tax withholding obligations.

SEC source: 0000874501-18-000074 · wf-form4_152667396858475.xml · derivative · entry 3

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,300

Underlying: Common Stock · 5,225 shares

Expires not disclosed

F2 · derivative.exercise_price: Each RSU represents a contingent right to receive one share of common stock of the Company.

F3 · derivative.exercise_date: On May 16, 2018, there were 5,225 RSUs granted in recognition of the reporting person's efforts to bring about the successful exit of the Segregated Account of Ambac Assurance Corporation from Rehabilitation. The RSUs shall vest immediately and shall settle and convert into shares of common stock as follows: 50% of the RSUs shall settle and convert into shares of common stock on May 16, 2019, and the remaining 50% of the RSUs shall settle and convert into shares of common stock on May 16, 2020; provided however, that if the reporting person's employment with the Company is terminated for any reason (other than termination for cause), all of the RSUs will settle and convert into shares of common stock immediately. Notwithstanding the foregoing, a number of vested RSUs sufficient to satisfy certain tax withholding obligations imposed upon the Company may be converted into shares of common stock and withheld by the Company to satisfy such tax withholding obligations.

F3 · derivative.expiration_date: On May 16, 2018, there were 5,225 RSUs granted in recognition of the reporting person's efforts to bring about the successful exit of the Segregated Account of Ambac Assurance Corporation from Rehabilitation. The RSUs shall vest immediately and shall settle and convert into shares of common stock as follows: 50% of the RSUs shall settle and convert into shares of common stock on May 16, 2019, and the remaining 50% of the RSUs shall settle and convert into shares of common stock on May 16, 2020; provided however, that if the reporting person's employment with the Company is terminated for any reason (other than termination for cause), all of the RSUs will settle and convert into shares of common stock immediately. Notwithstanding the foregoing, a number of vested RSUs sufficient to satisfy certain tax withholding obligations imposed upon the Company may be converted into shares of common stock and withheld by the Company to satisfy such tax withholding obligations.

SEC source: 0000874501-18-000074 · wf-form4_152667396858475.xml · nonDerivative · entry 2

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,158

F1 · shares: On May 16, 2018, the Grant Date, 221 restricted stock units ("RSUs") vested, and were settled and converted into shares of common stock and withheld by Ambac Financial Group, Inc. (the "Company") to satisfy certain tax withholding obligations.

SEC source: 0000874501-18-000074 · wf-form4_152667396858475.xml · nonDerivative · entry 1

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,379

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On May 16, 2018, the Grant Date, 221 restricted stock units ("RSUs") vested, and were settled and converted into shares of common stock and withheld by Ambac Financial Group, Inc. (the "Company") to satisfy certain tax withholding obligations.

SEC source: 0000874501-18-000040 · wf-form4_152037695815412.xml · derivative · entry 5

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,395

Underlying: Common Stock · 1,390 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_price: Each DSU represents a contingent right to receive one share of the Company's common stock.

F1 · derivative.exercise_date: Represents the aggregate amount of deferred stock units ("DSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2016 and 2017 Short Term Incentive award.

F1 · derivative.expiration_date: Represents the aggregate amount of deferred stock units ("DSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2016 and 2017 Short Term Incentive award.

SEC source: 0000874501-18-000040 · wf-form4_152037695815412.xml · derivative · entry 4

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,785

Underlying: Common Stock · 4,374 shares

Expires not disclosed

F5 · derivative.exercise_price: Each DSU represents a contingent right to receive one share of the Company's common stock.

F6 · derivative.exercise_date: On March 2, 2018, there were 4,374 DSUs granted as part of the 2018 Short Term Incentive Plan. The DSUs shall vest immediately and shall settle and convert into shares of common stock as follows: 50% of the DSUs shall settle and convert into shares of common stock on March 2, 2019, and the remaining 50% of the DSUs shall settle and convert into shares of common stock on March 2, 2020; provided however, that if the reporting person's employment with the Company is terminated for any reason, all of the DSUs will settle and convert into shares of common stock immediately. Notwithstanding the foregoing, a number of vested DSUs sufficient to satisfy certain tax withholding obligations imposed upon the Company may be converted into shares of common stock and withheld by the Company to satisfy such tax withholding obligations.

F6 · derivative.expiration_date: On March 2, 2018, there were 4,374 DSUs granted as part of the 2018 Short Term Incentive Plan. The DSUs shall vest immediately and shall settle and convert into shares of common stock as follows: 50% of the DSUs shall settle and convert into shares of common stock on March 2, 2019, and the remaining 50% of the DSUs shall settle and convert into shares of common stock on March 2, 2020; provided however, that if the reporting person's employment with the Company is terminated for any reason, all of the DSUs will settle and convert into shares of common stock immediately. Notwithstanding the foregoing, a number of vested DSUs sufficient to satisfy certain tax withholding obligations imposed upon the Company may be converted into shares of common stock and withheld by the Company to satisfy such tax withholding obligations.

SEC source: 0000874501-18-000040 · wf-form4_152037695815412.xml · derivative · entry 3

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,075

Underlying: Common Stock · 6,075 shares

Expires not disclosed

F3 · derivative.exercise_price: Each restricted stock unit ("RSUs") represents a contingent right to receive one share of common stock of the Company.

F4 · derivative.exercise_date: On March 2, 2018 the reporting person received a grant of 6,075 RSUs as part of their 2018 Long Term Incentive Plan award. The RSUs will vest in three equal annual installments on each of March 2, 2019, March 2, 2020, and March 2, 2021.

F4 · derivative.expiration_date: On March 2, 2018 the reporting person received a grant of 6,075 RSUs as part of their 2018 Long Term Incentive Plan award. The RSUs will vest in three equal annual installments on each of March 2, 2019, March 2, 2020, and March 2, 2021.

SEC source: 0000874501-18-000040 · wf-form4_152037695815412.xml · nonDerivative · entry 2

REILLY MICHAEL FRANCIS · CIK 0001562285 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,158

F2 · shares: Represents the aggregate amount of DSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.