AMBAC FINANCIAL GROUP INC
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
View on SEC.govAbout 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.
Jun 30, 2025 · Filed Aug 7, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
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 second quarter of 2025, Ambac purchased shares from employees that settled restricted stock units to meet employee tax withholdings.
| Apr-2025 | May-2025 | Jun-2025 | Second Quarter 2025 | |
|---|---|---|---|---|
| Total Shares Purchased (1) | — | — | — | — |
| Average Price Paid Per Share | $— | $— | $— | $— |
| Total Number of Shares Purchased as Part of Publicly Announced Plan | — | 27,400 | — | 27,400 |
| Maximum Dollar Value That may Yet be Purchased Under the Plan | $35,001 | |||
On November 12, 2024, Ambac’s Board of Directors authorized a share repurchase program, under which Ambac may opportunistically repurchase up to $50,000 of the Company’s common shares at management’s discretion over the period ending on December 31, 2026.
The following table shows shares repurchased by year.
| ($ in thousands, except per share) · Year Ended December 31, · YTD2025 | ||||||
|---|---|---|---|---|---|---|
| 2022 · 2023 · 2024 | ||||||
| Shares repurchased | 1,605,316 | 325,068 | 937,141 | 292,191 | ||
| Total cost | $14.2 | $4.5 | $11.7 | $3.3 | ||
| Average purchase price per share | $8.86 | $13.88 | $12.48 | $11.29 | ||
| Unused authorization amount | $35,001 | |||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.