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Midas Edge

AMBAC FINANCIAL GROUP INC

For the period ended Sep 30, 2024. Filed Nov 12, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 12, 2024

OSG$5.41+2.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Unregistered Sales of Equity Securities and Use of Proceeds

(a) Unregistered Sales of Equity Securities —No matters require disclosure.

(b) Purchases of Equity Securities By the Issuer and Affiliated Purchasers

When restricted stock unit awards issued by Ambac vest or settle, they become taxable compensation to employees. Shares may be withheld to cover the employee's portion of withholding taxes. In the third quarter of 2024, Ambac purchased shares from employees that settled restricted stock units to meet employee tax withholdings.

Jul-2024Aug-2024Sep-2024Third Quarter 2024
Total Shares Purchased (1)——863863
Average Price Paid Per Share$—$—$10.83$10.83
Total Number of Shares Purchased as Part of Publicly Announced Plan————
Maximum Dollar Value That may Yet be Purchased Under the Plan$—$—$—$—

On March 29, 2022, our Board of Directors approved a share repurchase program authorizing up to $20 million in share repurchases, and on May 5, 2022, the Board of Directors authorized an additional $15 million share repurchase. This program expired on March 31, 2024. The following table shows shares repurchased by year.

($ in millions, except per share)20232022Total
Shares repurchased325,0681,605,3161,930,384
Total cost$4.5$14.2$18.7
Average purchase price per share$13.88$8.86$9.70
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.