William B. Shepro - 20 Mar 2025 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Role
Chairman and CEO, Director
Signature
/s/ Teresa L. Szupello, Attorney-in-Fact
Issuer symbol
ASPS
Transactions as of
20 Mar 2025
Net transactions value
-$18,051
Form type
4
Filing time
24 Mar 2025, 18:33:08 UTC
Previous filing
04 Mar 2025
Next filing
01 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Options Exercise $0 +42,976 +43% $0.000000 142,976 20 Mar 2025 Direct F1
transaction ASPS Common Stock Tax liability $18,051 -20,282 -14% $0.8900 122,694 20 Mar 2025 Direct F2
transaction ASPS Common Stock Gift $0 -22,694 -18% $0.000000 100,000 20 Mar 2025 Direct F3
transaction ASPS Common Stock Gift $0 +22,694 +2.3% $0.000000 1,028,976 20 Mar 2025 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 -25,904 -100% $0.000000 0 20 Mar 2025 Common Stock 25,904 Direct F4, F7
transaction ASPS Restricted Share Units Options Exercise $0 -17,072 -50% $0.000000 17,073 20 Mar 2025 Common Stock 17,072 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Shepro received 42,976 shares of Altisource Portfolio Solutions S.A. (the "Company" or "ASPS") common stock upon the vesting of previously granted time-based restricted share units ("RSUs") pursuant to awards under the Company's 2023 Long Term Incentive Plan ("LTIP") and 2023 Annual Incentive Plan ("AIP").
F2 Of the RSUs vesting into shares reported above, 20,282 shares were forgone to pay for the tax withholding with a net issuance to Mr. Shepro of 22,694 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, 2025.
F3 Represents a transfer by gift from Mr. Shepro's direct ownership to the William B. Shepro Revocable Trust of 22,694 shares of ASPS common stock acquired upon the vesting of time-based RSUs pursuant to previously granted LTIP and AIP awards.
F4 Each RSU represents a contingent right to receive one share of ASPS common stock.
F5 Represents the vesting of the second tranche of Type I Time-based RSUs granted to Mr. Shepro on March 20, 2023, pursuant to the Altisource 2023 LTIP.
F6 The remaining 17,073 Type I Time-based RSUs are scheduled to vest on the third anniversary of the grant date (i.e., March 20, 2026).
F7 Represents the final vesting of time-based RSUs granted to Mr. Shepro on March 20, 2023, pursuant to the Altisource 2023 AIP.