Deer Park Road Management Company, LP - May 16, 2023 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Signature
Deer Park Road Management Company, LP, By: /s/ Bradley W. Craig, Chief Operating Officer
Stock symbol
ASPS
Transactions as of
May 16, 2023
Transactions value $
$0
Form type
4
Date filed
5/18/2023, 04:30 PM
Previous filing
Feb 14, 2023
Next filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Award $0 +12.3K +0.29% $0.00 4.25M May 16, 2023 See footnotes F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of the Issuer's common stock ("Shares") represent a non-management director stock award granted to Mary Hickok, Managing Director at Deer Park Road Management Company, LP ("Deer Park"), in connection with her service on the Issuer's board of directors (the "Board") for the 2022 to 2023 service year.
F2 All income derived in connection with Ms. Hickok's service as a director on the Board belongs, in economic terms, to STS Master Fund, Ltd. Ms. Hickok has no right to any compensation received in connection with her service on the Board and does not have any pecuniary interest in the Shares reported herein.
F3 These Shares are held for the account of STS Master Fund, Ltd. Deer Park serves as investment adviser to STS Master Fund, Ltd.
F4 Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Each of Deer Park Road Corporation ("DPRC") and AgateCreek LLC ("AgateCreek") is a member of DPRM. Michael Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the majority owner of DPRC. Scott Edward Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

Ms. Hickok, Managing Director at Deer Park, serves on the Issuer's Board as a representative of Deer Park. By virtue of their representation on the Board, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons are deemed to be directors by deputization of Ms. Hickok.