Michael T. Lavin - 09 May 2023 Form 4 Insider Report for CONSUMER PORTFOLIO SERVICES, INC. (CPSS)

Role
President
Signature
/s/ Michael T. Lavin
Issuer symbol
CPSS
Transactions as of
09 May 2023
Net transactions value
+$33,005
Form type
4
Filing time
10 May 2023, 19:09:27 UTC
Previous filing
26 Jan 2023
Next filing
21 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPSS Common Stock, no par value Options Exercise $156,600 +45,000 $3.48 45,000 09 May 2023 Direct
transaction CPSS Common Stock, no par value Tax liability $280,195 -25,944 -58% $10.80 19,056 09 May 2023 Direct F1
transaction CPSS Common Stock, no par value Options Exercise $156,600 +45,000 +236% $3.48 64,056 09 May 2023 Direct
transaction CPSS Common Stock, no par value Gift $0 -64,056 -100% $0.000000* 0 09 May 2023 Direct
transaction CPSS Common Stock, no par value Gift $0 +64,056 +25% $0.000000 319,545 09 May 2023 MTRB LAVIN LIVING TRUST

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 -90,000 -100% 0 09 May 2023 Common Stock, No Par Value 90,000 $3.48 Direct F2, F3
* 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 19,056 shares of common stock on net exercise of option to purchase 45,000 shares of common stock. The reporting person forfeited 25,944 shares of common stock underlying the option in payment of the exercise price and tax liability, using the closing stock price on May 9, 2023 of $10.80 per share.
F2 Became exercisable in cumulative increments of 22,500 shares on May 12, 2017, 2018, 2019, and 2020.
F3 Issued in consideration of the named person's services to the issuer.