Denesh Bharwani - May 2, 2023 Form 4 Insider Report for CONSUMER PORTFOLIO SERVICES, INC. (CPSS)

Role
Exec. Vice President
Signature
/s/ Denesh Bharwani
Stock symbol
CPSS
Transactions as of
May 2, 2023
Transactions value $
-$22
Form type
4
Date filed
5/4/2023, 08:28 PM
Previous filing
Jan 23, 2023
Next filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPSS Common Stock, no par value Options Exercise $239K +30K +13.36% $7.97 255K May 2, 2023 Direct
transaction CPSS Common Stock, no par value Tax liability -$239K -22.5K -8.84% $10.62 232K May 2, 2023 Direct F1
transaction CPSS Common Stock, no par value Options Exercise $365K +105K +45.25% $3.48 337K May 2, 2023 Direct
transaction CPSS Common Stock, no par value Tax liability -$365K -34.4K -10.21% $10.62 303K May 2, 2023 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 CPSS Stock Option (right to buy) Options Exercise -30K -100% 0 May 2, 2023 Common Stock, No Par Value 30K $7.97 Direct F3, F4
transaction CPSS Stock Option (right to buy) Options Exercise -105K -100% 0 May 2, 2023 Common Stock, No Par Value 105K $3.48 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. The reporting person received 7,485 shares of common stock on net exercise of option to purchase 30,000 shares of common stock. The reporting person forfeited 22,515 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on May 2, 2023 of $10.62 per share.
F2 Represents a "net exercise" of outstanding stock options. The reporting person received 70,592 shares of common stock on net exercise of option to purchase 105,000 shares of common stock. The reporting person forfeited 34,408 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on May 2, 2023 of $10.62 per share.
F3 Became exercisable in cumulative increments of 6,000 shares on May 7, 2014, 2015, 2016, 2017, and 2018.
F4 Issued in consideration of the named person's services to the issuer.
F5 Became exercisable in cumulative increments of 26,250 shares on May 12, 2017, 2018, 2019, and 2020.