Smith R Sharon

SEC source: 0000874501-21-000037 · wf-form4_161480536587354.xml · nonDerivative · entry 1

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,313

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 26,508 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: 0000874501-21-000008 · wf-form4_160979446457411.xml · derivative · entry 3

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,525

Underlying: Common Stock · 4,752 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: 0000874501-21-000008 · wf-form4_160979446457411.xml · nonDerivative · entry 2

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,805

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: 0000874501-21-000008 · wf-form4_160979446457411.xml · nonDerivative · entry 1

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,407

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: 0000874501-20-000098 · wf-form4_159000633682428.xml · derivative · entry 3

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,277

Underlying: Common Stock · 3,753 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 3,753 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 3,753 restricted stock unit ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-20-000098 · wf-form4_159000633682428.xml · nonDerivative · entry 2

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,655

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: 0000874501-20-000098 · wf-form4_159000633682428.xml · nonDerivative · entry 1

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,841

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 3,753 restricted stock unit ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-20-000060 · wf-form4_158352972359740.xml · derivative · entry 4

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,030

Underlying: Common Stock · 7,692 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 7,692 RSUs as part of her 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 7,692 RSUs as part of her 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: 0000874501-20-000060 · wf-form4_158352972359740.xml · derivative · entry 3

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,921

Underlying: Common Stock · 1,920 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 1,920 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 1,920 deferred share units ("DSUs") that settled, and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-20-000060 · wf-form4_158352972359740.xml · nonDerivative · entry 2

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,088

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: 0000874501-20-000060 · wf-form4_158352972359740.xml · nonDerivative · entry 1

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,695

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 1,920 deferred share units ("DSUs") that settled, and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-20-000048 · wf-form4_158335737651875.xml · derivative · entry 6

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,338

Underlying: Common Stock · 2,209 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.

F6 · 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, 2020 there were 2,209 restricted stock units ("RSUs") that settled, and were converted into shares of common stock of the Company.

F3 · derivative.expiration_date: On March 2, 2020 there were 2,209 restricted stock units ("RSUs") that settled, and were converted into shares of common stock of the Company.

SEC source: 0000874501-20-000048 · wf-form4_158335737651875.xml · derivative · entry 5

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,841

Underlying: Common Stock · 7,844 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 common stock of the Company.

F1 · derivative.exercise_date: On March 2, 2020 there were 7,844 deferred share units ("DSUs") that settled, and were converted into shares of common stock of the Company.

F1 · derivative.expiration_date: On March 2, 2020 there were 7,844 deferred share units ("DSUs") that settled, and were converted into shares of common stock of the Company.

SEC source: 0000874501-20-000048 · wf-form4_158335737651875.xml · nonDerivative · entry 4

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,775

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: 0000874501-20-000048 · wf-form4_158335737651875.xml · nonDerivative · entry 3

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,505

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 2,209 restricted stock units ("RSUs") that settled, and were converted into shares of common stock of the Company.

SEC source: 0000874501-20-000048 · wf-form4_158335737651875.xml · nonDerivative · entry 2

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,296

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: 0000874501-20-000048 · wf-form4_158335737651875.xml · nonDerivative · entry 1

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,775

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 2, 2020 there were 7,844 deferred share units ("DSUs") that settled, and were converted into shares of common stock of the Company.

SEC source: 0000874501-20-000003 · wf-form4_157834686211220.xml · derivative · entry 3

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,547

Underlying: Common Stock · 2,188 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 2,188 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 2,188 restricted stock unit ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-20-000003 · wf-form4_157834686211220.xml · nonDerivative · entry 2

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,931

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: 0000874501-20-000003 · wf-form4_157834686211220.xml · nonDerivative · entry 1

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,790

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 2,188 restricted stock unit ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-19-000100 · wf-form4_155959253597473.xml · nonDerivative · entry 1

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,602

SEC source: 0000874501-19-000078 · wf-form4_155812391204635.xml · derivative · entry 3

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,735

Underlying: Common Stock · 3,752 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 3,752 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 3,752 restricted stock units ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-19-000078 · wf-form4_155812391204635.xml · nonDerivative · entry 2

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,272

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: 0000874501-19-000078 · wf-form4_155812391204635.xml · nonDerivative · entry 1

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,458

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 3,752 restricted stock units ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

SEC source: 0000874501-19-000039 · wf-form4_155183858588179.xml · derivative · entry 7

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,487

Underlying: Common Stock · 6,564 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 6,564 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 6,564 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: 0000874501-19-000039 · wf-form4_155183858588179.xml · derivative · entry 6

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,685

Underlying: Common Stock · 3,941 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 3,941 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 3,941 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: 0000874501-19-000039 · wf-form4_155183858588179.xml · derivative · entry 5

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,923

Underlying: Common Stock · 2,209 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 2,209 RSUs that settled, and were converted into shares of common stock of the Company.

F3 · derivative.expiration_date: On March 4, 2019, there were 2,209 RSUs that settled, and were converted into shares of common stock of the Company.

SEC source: 0000874501-19-000039 · wf-form4_155183858588179.xml · derivative · entry 4

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,744

Underlying: Common Stock · 7,943 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: 0000874501-19-000039 · wf-form4_155183858588179.xml · nonDerivative · entry 3

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,706

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 2,209 RSUs that settled, and were converted into shares of common stock of the Company.

SEC source: 0000874501-19-000039 · wf-form4_155183858588179.xml · nonDerivative · entry 2

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,497

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

SEC source: 0000874501-19-000039 · wf-form4_155183858588179.xml · nonDerivative · entry 1

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,943

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: 0000874501-18-000076 · wf-form4_152667411220421.xml · derivative · entry 4

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,132

Underlying: Common Stock · 332 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, 332 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, 332 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: 0000874501-18-000076 · wf-form4_152667411220421.xml · derivative · entry 3

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,464

Underlying: Common Stock · 7,837 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 7,837 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 7,837 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: 0000874501-18-000076 · wf-form4_152667411220421.xml · nonDerivative · entry 2

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · shares: On May 16, 2018, the Grant Date, 332 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: 0000874501-18-000076 · wf-form4_152667411220421.xml · nonDerivative · entry 1

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 332

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, 332 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: 0000874501-18-000041 · wf-form4_152037700686297.xml · derivative · entry 5

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,687

Underlying: Common Stock · 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.

F4 · 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 2, 2018, 915 deferred share units ("DSUs") vested and were 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 March 2, 2018, 915 deferred share units ("DSUs") vested and were converted into shares of common stock and withheld by Ambac Financial Group, Inc. (the "Company") to satisfy certain tax withholding obligations.

SEC source: 0000874501-18-000041 · wf-form4_152037700686297.xml · derivative · entry 4

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,602

Underlying: Common Stock · 16,602 shares

Expires not disclosed

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

F5 · derivative.exercise_date: On March 2, 2018, there were 16,602 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.

F5 · derivative.expiration_date: On March 2, 2018, there were 16,602 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: 0000874501-18-000041 · wf-form4_152037700686297.xml · derivative · entry 3

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,627

Underlying: Common Stock · 6,627 shares

Expires not disclosed

F2 · derivative.exercise_price: Each restricted stock unit ("RSUs") represents a contingent right to receive one share of common stock of the Company.

F3 · derivative.exercise_date: On March 2, 2018 the reporting person received a grant of 6,627 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.

F3 · derivative.expiration_date: On March 2, 2018 the reporting person received a grant of 6,627 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: 0000874501-18-000041 · wf-form4_152037700686297.xml · nonDerivative · entry 2

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · shares: On March 2, 2018, 915 deferred share units ("DSUs") vested and were converted into shares of common stock and withheld by Ambac Financial Group, Inc. (the "Company") to satisfy certain tax withholding obligations.

SEC source: 0000874501-18-000041 · wf-form4_152037700686297.xml · nonDerivative · entry 1

Smith R Sharon · CIK 0001707461 · Senior Managing Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 915

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 2, 2018, 915 deferred share units ("DSUs") vested and were converted into shares of common stock and withheld by Ambac Financial Group, Inc. (the "Company") to satisfy certain tax withholding obligations.