Michelle D. Esterman - Apr 9, 2024 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Signature
/s/ Teresa L. Szupello, Attorney-in-Fact
Stock symbol
ASPS
Transactions as of
Apr 9, 2024
Transactions value $
$25,723
Form type
4
Date filed
4/11/2024, 04:04 PM
Previous filing
Mar 22, 2024
Next filing
Jul 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Award $32.3K +16.6K +12.76% $1.94 147K Apr 9, 2024 Direct F1, F2
transaction ASPS Common Stock Tax liability -$6.56K -4.05K -2.75% $1.62 143K Apr 9, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As part of a previously disclosed company-wide cost reduction plan, Ms. Esterman has volunteered to temporarily modify her compensation by offering the Company the option to replace up to 30% of her base compensation with a grant of unrestricted ASPS common stock (the "Adjustment"). At the end of each calendar quarter (each a "Period"), until either Ms. Esterman or the Company, upon written notice, reduces or terminates the Adjustment, the Company will determine the portion of the reduced amount to be paid in common stock and transfer the shares. For the Period ended March 31, 2024, Ms. Esterman received 16,643 shares, which vest immediately.
F2 Represents the cost per share for the temporary compensation replacement noted in Footnote 1. Given that it was a replacement for compensation, the net cost of the shares was $0.
F3 Of the 16,643 shares granted to Ms. Esterman, reported above, 4,052 shares were foregone to pay for the tax withholding with a net issuance to Ms. Esterman of 12,591 shares. The price per share used to determine the tax withholding was the opening price of ASPS common stock on the grant date.