Michelle D. Esterman - 09 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
09 Mar 2024
Net transactions value
-$5,384
Form type
4
Filing time
12 Mar 2024, 17:14:01 UTC
Previous filing
05 Mar 2024
Next filing
22 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 +6,491 +6.1% $0.000000 113,120 09 Mar 2024 Direct F1
transaction ASPS Common Stock Tax liability $5,384 -1,923 -1.7% $2.80 111,197 09 Mar 2024 Direct F2

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 -3,112 -100% $0.000000* 0 09 Mar 2024 Common Stock 3,112 $0.000000 Direct F3
transaction ASPS Restricted Share Units Options Exercise $0 -3,379 -100% $0.000000* 0 09 Mar 2024 Common Stock 3,379 $0.000000 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 6,491 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 6,491 RSUs vesting into shares reported above, 1,923 shares were foregone to pay for the tax withholding with a net issuance to Ms. Esterman of 4,568 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 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.
F4 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.