Michelle D. Esterman - Oct 1, 2022 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Role
Chief Financial Officer
Signature
/s/ Teresa L. Szupello, Attorney-in-Fact
Stock symbol
ASPS
Transactions as of
Oct 1, 2022
Transactions value $
-$6,340
Form type
4
Date filed
10/4/2022, 06:32 PM
Previous filing
Mar 23, 2022
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Tax liability -$6.34K -476 -0.92% $13.32 51.3K Oct 1, 2022 Direct F2
transaction ASPS Common Stock Options Exercise $0 +1.58K +3.15% $0.00 51.8K Oct 1, 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 -1.58K -50.02% $0.00 1.58K Oct 1, 2022 Common Stock 1.58K $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 1,584 shares of ASPS common stock were received upon the vesting of previously granted time-based restricted share units ("RSUs") pursuant to an award under the 2009 Equity Incentive Plan, as amended and restated.
F2 Of the 1,584 RSUs vesting into shares reported above, 476 shares were foregone to pay for the tax withholding with a net issuance to Ms. Esterman of 1,108 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 October 3, 2022 (the next active trading day following the vesting).
F3 Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.
F4 The remaining 1,583 RSUs are scheduled to vest on the third anniversary of the October 1, 2020 grant date (i.e., October 1, 2023).