OCTAVE SPECIALTY GROUP INC 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds (a) Unregistered Sales of Equ ity Securities — No matters require disclosure . (b) Purchases of Equity Securities By the Issuer and Affiliated Purchasers The following table summarizes Ambac's share purchases during the second quarter of 2020 . When restricted stock unit awards issued by Ambac vest or settle, they become taxable compensation to employees. For certain awards, shares may be withheld to cover the employee's portion of withholding taxes. In the second quarter of 2020 , Ambac purchased shares from employees that settled restricted stock units to meet employee tax withholdings. | Ambac Financial Group, Inc. 76 2020 Second Quarter FORM 10-Q | April 2020 May 2020 June 2020 Second Quarter 2020 Total Shares Purchased (1) — 22,579 — 22,579 Average Price Paid Per Share $ — $ 13.67 $ — $ 13.67 Total Number of Shares Purchased as Part of Publicly Announced Plan (1) — — — — Maximum Number of Shares That may Yet be Purchased Under the Plan — — — — (1) There were no other repurchases of equity securities made during the three months ended June 30, 2020 . Ambac does not have a stock repurchase program. Item 3. Defaults Upon Senior Securities — No matters require disclosure .