Form 4 for OSG OCTAVE SPECIALTY GROUP INC
Accepted 2025-03-04 00:00:00 ET · period of report 2025-02-28 · accession 0000874501-25-000027 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-03-04 | 2025-02-28+ | OSG | Smith R Sharon | EVP, Chief Strategy Offr | F - Tax | $9.52 | -1,173 | 74.7K | -2% | -$11.2K |
| DM | 2025-03-04 | 2025-02-28+ | OSG | Smith R Sharon | EVP, Chief Strategy Offr | M - OptEx | — | +1,173 | 75.2K | +2% | — |
| DM | 2025-03-04 | 2025-02-28+ | OSG | Smith R Sharon | EVP, Chief Strategy Offr | M - OptEx | — | -1,173 | 80.8K | -1% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-02-28 | F | D | 641 | $9.71 | 74,707 | D | — | — | (F2) Represents the amount of RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations. |
| 2 | Common | Common Stock | 2025-02-28 | M | A | 641 | — | 75,348 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Ambac Financial Group, Inc. (the "Company"). |
| 3 | Common | Common Stock | 2025-03-03 | M | A | 532 | — | 75,239 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Ambac Financial Group, Inc. (the "Company"). |
| 4 | Common | Common Stock | 2025-03-03 | F | D | 532 | $9.30 | 74,707 | D | — | — | |
| 5 | Derivative | Restricted Stock Units | 2025-02-28 | M | D | 5,556 | — | 25,720 | D | — · — to — | 5,556 Common Stock | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Ambac Financial Group, Inc. (the "Company"). (F3) Represents the amount of RSUs that vested upon settlement of a portion of the reporting person's 2022 Long Term Incentive Plan award. |
| 6 | Derivative | Deferred Share Units | 2025-02-28 | M | A | 4,915 | — | 76,237 | D | — · — to — | 4,915 Common Stock | (F4) Each deferred share unit ("DSU") represents a contingent right to receive one share of common stock of the Company. (F5) Represents the aggregate amount of RSUs that were converted into an equivalent number of DSUs pursuant to the Company's Executive Stock Deferral Plan, which was designed to enable participants to elect to defer the settlement and income taxation of RSU awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended. |
| 7 | Derivative | Restricted Stock Units | 2025-03-03 | M | D | 5,061 | — | 20,659 | D | — · — to — | 5,061 Common Stock | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Ambac Financial Group, Inc. (the "Company"). (F6) Represents the amount of RSUs that were converted into shares of common stock of the Company upon settlement of a portion of the reporting person's 2023 Long Term Incentive Plan award. |
| 8 | Derivative | Deferred Share Units | 2025-03-03 | M | A | 4,529 | — | 80,766 | D | — · — to — | 4,529 Common Stock | (F4) Each deferred share unit ("DSU") represents a contingent right to receive one share of common stock of the Company. (F5) Represents the aggregate amount of RSUs that were converted into an equivalent number of DSUs pursuant to the Company's Executive Stock Deferral Plan, which was designed to enable participants to elect to defer the settlement and income taxation of RSU awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended. |