Gregory J. Ritts - Jan 24, 2022 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Role
Chief Legal/Compliance Officer
Signature
/s/ Teresa L. Szupello, Attorney-in-Fact
Stock symbol
ASPS
Transactions as of
Jan 24, 2022
Transactions value $
-$10,752
Form type
4
Date filed
1/26/2022, 03:15 PM
Previous filing
Nov 16, 2021
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Tax liability -$10.8K -991 -3.99% $10.85 23.9K Jan 24, 2022 Direct F1
transaction ASPS Common Stock Options Exercise $0 +2.11K +8.83% $0.00 26K Jan 24, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ASPS Restricted Share Units Options Exercise $0 -2.11K -50.01% $0.00 2.11K Jan 24, 2022 Common Stock 2.11K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of the 2,106 restricted share units ("RSUs") vesting into shares reported above, 991 shares were foregone to pay for the tax withholding with a net issuance to Mr. Ritts of 1,115 shares. Pursuant to the terms of the award agreement, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on January 24, 2022.
F2 2,106 shares of ASPS common stock received upon the vesting of previously granted RSUs pursuant to an award under the 2009 Equity Incentive Plan, as amended.
F3 Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.
F4 The remaining 2,105 RSUs are scheduled to vest on the third anniversary of the January 24, 2020 grant date (i.e., January 24, 2023).