Michelle D. Esterman - 01 Mar 2024 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Role
Chief Financial Officer
Signature
/s/ Teresa L. Szupello, Attorney-in-Fact
Issuer symbol
ASPS
Transactions as of
01 Mar 2024
Net transactions value
-$6,772
Form type
4
Filing time
05 Mar 2024, 16:15:04 UTC
Previous filing
22 Feb 2024
Next filing
12 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Options Exercise $0 +4,887 +4.8% $0.000000 105,732 01 Mar 2024 Direct F1
transaction ASPS Common Stock Options Exercise $0 +3,333 +3.2% $0.000000 109,065 01 Mar 2024 Direct F2
transaction ASPS Common Stock Tax liability $6,772 -2,436 -2.2% $2.78 106,629 01 Mar 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 -4,887 -100% $0.000000* 0 01 Mar 2024 Common Stock 4,887 $0.000000 Direct F4
transaction ASPS Restricted Share Units Options Exercise $0 -3,333 -50% $0.000000 3,334 01 Mar 2024 Common Stock 3,333 $0.000000 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).