William B. Shepro - Mar 1, 2023 Form 4/A - Amendment Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Role: Chairman and CEO, Director
Signature: /s/ Teresa L. Szupello, Attorney-in-Fact
Stock symbol: ASPS
Transactions as of: Mar 1, 2023
Transactions value $: -$126,904
Form type: 4/A - Amendment
Date filed: 3/6/2023, 04:20 PM
Date Of Original Report: Mar 3, 2023
Previous filing: Feb 14, 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	Gift	$0	+24.3K	+4.02%	$0.00	628K	Mar 1, 2023	William B. Shepro Revocable Trust	F4
transaction	ASPS	Common Stock	Gift	$0	-24.3K	-100%	$0.00^*	0	Mar 1, 2023	Direct	F4
transaction	ASPS	Common Stock	Tax liability	-$127K	-21.7K	-47.17%	$5.85	24.3K	Mar 1, 2023	Direct	F3
transaction	ASPS	Common Stock	Options Exercise	$0	+13.7K	+42.25%	$0.00	46K	Mar 1, 2023	Direct	F2
transaction	ASPS	Common Stock	Options Exercise	$0	+32.3K		$0.00	32.3K	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	-13.7K	-33.33%	$0.00	27.3K	Mar 1, 2023	Common Stock	13.7K	$0.00	Direct	F5, F7
transaction	ASPS	Restricted Share Units	Options Exercise	$0	-32.3K	-60%	$0.00	21.6K	Mar 1, 2023	Common Stock	32.3K	$0.00	Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Amended to reflect that 32,329 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	13,658 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	Amended to reflect that, of the 45,987 RSUs vesting into shares reported above, 21,693 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 24,294 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	Amended to reflect that this represents a transfer by gift by Mr. Shepro of 24,294 shares of ASPS common stock, acquired upon the vesting of time-based restricted share units RSUs, from his direct ownership to the William B. Shepro Revocable Trust. This transaction is reportable on Form 5, but Mr. Shepro is voluntarily reporting early on Form 4.
F5	Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.
F6	The remaining 21,553 RSUs are scheduled to vest on the second anniversary of the grant date (i.e., March 1, 2024).
F7	The remaining 27,317 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).