Michelle D. Esterman - Mar 1, 2024 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, 2024
Transactions value $
-$6,772
Form type
4
Date filed
3/5/2024, 04:15 PM
Previous filing
Feb 22, 2024
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Options Exercise $0 +4.89K +4.85% $0.00 106K Mar 1, 2024 Direct F1
transaction ASPS Common Stock Options Exercise $0 +3.33K +3.15% $0.00 109K Mar 1, 2024 Direct F2
transaction ASPS Common Stock Tax liability -$6.77K -2.44K -2.23% $2.78 107K Mar 1, 2024 Direct F3

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 -4.89K -100% $0.00* 0 Mar 1, 2024 Common Stock 4.89K $0.00 Direct F4
transaction ASPS Restricted Share Units Options Exercise $0 -3.33K -49.99% $0.00 3.33K Mar 1, 2024 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 4,887 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 and 2021 Annual Incentive Plan.
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 and 2022 Long-Term Equity Incentive Plan.
F3 Of the 8,220 RSUs vesting into shares reported above 2,436 shares were foregone to pay for the tax withholding with a net issuance to Ms. Esterman of 5,784 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, 2024.
F4 Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.
F5 The remaining 3,334 RSUs are scheduled to vest on the third anniversary of the grant date (i.e., March 1, 2025).