Michelle D. Esterman - Mar 20, 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 20, 2024
Transactions value $: -$21,007
Form type: 4
Date filed: 3/22/2024, 04:08 PM
Previous filing: Mar 12, 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	+27.4K	+24.61%	$0.00	139K	Mar 20, 2024	Direct	F1
transaction	ASPS	Common Stock	Tax liability	-$21K	-8.11K	-5.85%	$2.59	130K	Mar 20, 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	-23.2K	-80%	$0.00	5.8K	Mar 20, 2024	Common Stock	23.2K	$0.00	Direct	F3, F4
transaction	ASPS	Restricted Share Units	Options Exercise	$0	-4.17K	-33.34%	$0.00	8.33K	Mar 20, 2024	Common Stock	4.17K	$0.00	Direct	F5, F6

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

Explanation of Responses:

Id	Content
F1	27,364 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 27,364 RSUs vesting into shares reported above 8,111 shares were forgone to pay for the tax withholding with a net issuance to Ms. Esterman of 19,253 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 the vesting of 80% of Time-based RSUs granted to Ms. Esterman on March 20, 2023, pursuant to the Altisource 2023 AIP. Each RSU represents a contingent right to receive one share of ASPS common stock.
F4	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).
F5	Represents the vesting of the first tranche of Type I Time-based RSUs granted to Ms. Esterman on March 20, 2023, pursuant to the Altisource 2023 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock.
F6	The remaining 8,333 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).