Gregory J. Ritts - Feb 26, 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
Feb 26, 2022
Transactions value $
-$13,163
Form type
4
Date filed
3/1/2022, 05:33 PM
Previous filing
Feb 15, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Tax liability -$13.2K -1.03K -3.59% $12.78 27.7K Feb 26, 2022 Direct F2
transaction ASPS Common Stock Options Exercise $0 +2.19K +7.9% $0.00 29.9K Feb 26, 2022 Direct F1

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 -2.19K -100% $0.00* 0 Feb 26, 2022 Common Stock 2.19K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,186 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to an award under the 2009 Equity Incentive Plan, as amended and the 2019 Annual Incentive Plan.
F2 Of the 2,186 RSUs vesting into shares reported above, 1,030 shares were foregone to pay for the tax withholding with a net issuance to Mr. Ritts of 1,156 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 February 28, 2022.
F3 Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.