Michelle D. Esterman - 01 Oct 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
01 Oct 2023
Net transactions value
-$1,540
Form type
4
Filing time
03 Oct 2023, 17:05:30 UTC
Previous filing
08 Sep 2023
Next filing
04 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Tax liability $1,540 -385 -0.4% $4.00 96,591 01 Oct 2023 Direct F2
transaction ASPS Common Stock Options Exercise $0 +1,583 +1.7% $0.000000 96,976 01 Oct 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 -1,583 -100% $0.000000* 0 01 Oct 2023 Common Stock 1,583 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1,583 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 1,583 RSUs vesting into shares reported above, 385 shares were foregone to pay for the tax withholding with a net issuance to Ms. Esterman of 1,198 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 the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.