Michelle D. Esterman - Jul 23, 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
Jul 23, 2024
Transactions value $
$25,257
Form type
4
Date filed
7/25/2024, 04:05 PM
Previous filing
Apr 11, 2024
Next filing
Oct 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Award $32.3K +22.7K +15.9% $1.42 166K Jul 23, 2024 Direct F1, F2
transaction ASPS Common Stock Tax liability -$7.03K -5.54K -3.34% $1.27 160K Jul 23, 2024 Direct F3, F4
* 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 June 30, 2024, Ms. Esterman received 22,738 shares, which vested immediately.
F2 Represents the cost per share used to calculate the temporary compensation replacement described in Footnote 1. Given that the shares were a replacement for compensation, their net cost was $0.
F3 Of the 22,738 shares granted to Ms. Esterman, reported above, 5,536 shares were forgone to pay for the tax withholding with a net issuance to Ms. Esterman of 17,202 shares.
F4 Represents the cost per share used to determine the tax withholding; the opening price of ASPS common stock on the grant date.