Michelle D. Esterman - Mar 1, 2023 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
Mar 1, 2023
Transactions value $
-$18,492
Form type
4
Date filed
3/3/2023, 08:52 PM
Previous filing
Mar 3, 2023
Next filing
Mar 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Tax liability -$18.5K -3.16K -4.08% $5.85 74.2K Mar 1, 2023 Direct F3
transaction ASPS Common Stock Options Exercise $0 +3.33K +4.5% $0.00 77.4K Mar 1, 2023 Direct F2
transaction ASPS Common Stock Options Exercise $0 +7.33K +10.99% $0.00 74.1K Mar 1, 2023 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 -7.33K -60% $0.00 4.89K Mar 1, 2023 Common Stock 7.33K $0.00 Direct F4, F6
transaction ASPS Restricted Share Units Options Exercise $0 -3.33K -33.33% $0.00 6.67K Mar 1, 2023 Common Stock 3.33K $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 7,332 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 Company's 2009 Equity Incentive Plan, as amended and restated.
F2 3,333 shares of ASPS common stock were received upon the vesting of previously granted time-based RSUs pursuant to an award under the Company's 2009 Equity Incentive Plan, as amended and restated.
F3 Of the 10,665 RSUs vesting into shares reported above, 3,161 shares were foregone to pay for the tax withholding with a net issuance to Ms. Esterman of 7,504 shares. Pursuant to the terms of the award agreements, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on March 1, 2023.
F4 Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.
F5 The remaining 6,667 RSUs are scheduled to vest in two increments on the second and third anniversaries of the grant date (i.e., March 1, 2024 and March 1, 2025).
F6 The remaining 4,887 RSUs are scheduled to vest on the second anniversary of the grant date (i.e., March 1, 2024).