William B. Shepro - Mar 9, 2024 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
Mar 9, 2024
Transactions value $
-$11,558
Form type
4
Date filed
3/12/2024, 05:13 PM
Previous filing
Mar 5, 2024
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Options Exercise $0 +8.76K $0.00 8.76K Mar 9, 2024 Direct F1
transaction ASPS Common Stock Tax liability -$11.6K -4.13K -47.12% $2.80 4.63K Mar 9, 2024 Direct F2
transaction ASPS Common Stock Gift $0 -4.63K -100% $0.00* 0 Mar 9, 2024 Direct F3
transaction ASPS Common Stock Gift $0 +4.63K +0.65% $0.00 719K Mar 9, 2024 William B. Shepro Revocable Trust 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 -4.2K -100% $0.00* 0 Mar 9, 2024 Common Stock 4.2K $0.00 Direct F4
transaction ASPS Restricted Share Units Options Exercise $0 -4.56K -100% $0.00* 0 Mar 9, 2024 Common Stock 4.56K $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 8,761 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to awards under the Altisource 2021 Long Term Incentive Plan ("LTIP").
F2 Of the 8,761 RSUs vesting into shares reported above, 4,128 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 4,633 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 11, 2024.
F3 Represents a transfer by gift by Mr. Shepro of 4,633 shares of ASPS common stock, acquired upon the vesting of Type I and Type II Performance- and Market-based RSUs, from his direct ownership to the William B. Shepro Revocable Trust.
F4 Represents the final vesting of Type I Performance-based RSUs granted on March 9, 2021, pursuant to the Altisource 2021 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock.
F5 Represents the full and final vesting of Type II Performance- and Market-based RSUs granted on March 9, 2021, pursuant to the Altisource 2021 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock.