William B. Shepro - Oct 1, 2023 Form 4 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
Oct 1, 2023
Transactions value $
-$6,284
Form type
4
Date filed
10/3/2023, 01:01 PM
Previous filing
Sep 8, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Gift $0 +1.76K +0.26% $0.00 689K Oct 1, 2023 William B. Shepro Revocable Trust F3
transaction ASPS Common Stock Gift $0 -1.76K -100% $0.00* 0 Oct 1, 2023 Direct F3
transaction ASPS Common Stock Tax liability -$6.28K -1.57K -47.13% $4.00 1.76K Oct 1, 2023 Direct F2
transaction ASPS Common Stock Options Exercise $0 +3.33K $0.00 3.33K Oct 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 -3.33K -100% $0.00* 0 Oct 1, 2023 Common Stock 3.33K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 3,333 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 Of the 3,333 RSUs vesting into shares reported above, 1,571 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 1,762 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 2, 2023 (the next active trading day following the vesting).
F3 Represents a transfer by gift by Mr. Shepro of 1,762 shares of ASPS common stock, acquired upon the vesting of time-based 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.
F4 Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.