Michelle D. Esterman - 04 Feb 2025 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Signature
/s/ Teresa L. Szupello, Attorney-in-Fact
Issuer symbol
ASPS
Transactions as of
04 Feb 2025
Net transactions value
+$7,800
Form type
4
Filing time
06 Feb 2025, 16:19:15 UTC
Previous filing
03 Feb 2025
Next filing
21 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Award $10,763 +15,376 +7.2% $0.7000 229,843 04 Feb 2025 Direct F1, F2
transaction ASPS Common Stock Tax liability $2,963 -4,558 -2% $0.6500 225,285 04 Feb 2025 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 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, 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. The Adjustment was terminated on February 1, 2025, upon written notice from Ms. Esterman. For the month ending January 31, 2025, Ms. Esterman received 15,376 shares, which vested immediately.
F2 Represents the cost per share used to determine the temporary compensation replacement described in Footnote 1. Given that the shares are a replacement for compensation, their net cost was $0.
F3 Of the 15,376 shares granted to Ms. Esterman, reported above, 4,558 shares were forgone to pay for the tax withholding with a net issuance to Ms. Esterman of 10,818 shares.
F4 Represents the cost per share used to determine the tax withholding; the opening price of ASPS common stock on the grant date.