William B. Shepro - Mar 20, 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 20, 2024
Transactions value $: -$147,464
Form type: 4
Date filed: 3/22/2024, 04:05 PM
Previous filing: Mar 19, 2024
Next filing: Apr 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASPS	Common Stock	Options Exercise	$0	+121K		$0.00	121K	Mar 20, 2024	Direct	F1
transaction	ASPS	Common Stock	Tax liability	-$147K	-56.9K	-47.18%	$2.59	63.8K	Mar 20, 2024	Direct	F2
transaction	ASPS	Common Stock	Gift	$0	-63.8K	-100%	$0.00^*	0	Mar 20, 2024	Direct	F3
transaction	ASPS	Common Stock	Gift	$0	+63.8K	+8.81%	$0.00	787K	Mar 20, 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	-104K	-80%	$0.00	25.9K	Mar 20, 2024	Common Stock	104K	$0.00	Direct	F4, F5
transaction	ASPS	Restricted Share Units	Options Exercise	$0	-17.1K	-33.33%	$0.00	34.1K	Mar 20, 2024	Common Stock	17.1K	$0.00	Direct	F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	120,690 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to awards under the Altisource 2023 Annual Incentive Plan ("AIP") and the Altisource 2023 Long Term Incentive Plan ("LTIP").
F2	Of the 120,690 RSUs vesting into shares reported above 56,936 shares were forgone to pay for the tax withholding with a net issuance to Mr. Shepro of 63,754 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 20, 2024.
F3	Represents a transfer by gift from Mr. Shepro's direct ownership to the William B. Shepro Revocable Trust of 63,754 shares of ASPS common stock acquired upon the vesting of RSUs pursuant to awards under the Altisource 2023 AIP and Altisource 2023 LTIP.
F4	Represents the vesting of 80% of Time-based RSUs granted to Mr. Shepro on March 20, 2023, pursuant to the Altisource 2023 AIP. Each RSU represents a contingent right to receive one share of ASPS common stock.
F5	The remaining 20% of the Time-based RSUs are scheduled to vest on the second anniversary of the grant date (i.e., March 20, 2025).
F6	Represents the vesting of the first tranche of Type I Time-based RSUs granted to Mr. Shepro on March 20, 2023, pursuant to the Altisource 2023 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock.
F7	The remaining 34,145 Type I Time-based RSUs are scheduled to vest in two equal installments on the second and third anniversaries of the grant date (i.e., March 20, 2025 and March 20, 2026).