Michelle D. Esterman - 09 Mar 2023 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Signature
/s/ Teresa L. Szupello, Attorney-in-Fact
Issuer symbol
ASPS
Transactions as of
09 Mar 2023
Net transactions value
-$1,993
Form type
4
Filing time
13 Mar 2023, 17:13:36 UTC
Previous filing
03 Mar 2023
Next filing
22 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Tax liability $1,993 -361 -0.48% $5.52 75,208 09 Mar 2023 Direct F2
transaction ASPS Common Stock Options Exercise $0 +1,333 +1.8% $0.000000 75,569 09 Mar 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 -1,333 -100% $0.000000* 0 09 Mar 2023 Common Stock 1,333 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1,333 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 2020 Annual Incentive Plan.
F2 Of the 1,333 RSUs vesting into shares reported above, 361 shares were foregone to pay for the tax withholding with a net issuance to Ms. Esterman of 972 shares. Pursuant to the terms of the award agreement, the price per share used to determine the tax withholding was the opening price of ASPS common stock on March 9, 2023.
F3 Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.