Form 4 for ASPS ALTISOURCE PORTFOLIO SOLUTIONS S.A.

Accepted 2024-04-11 00:00:00 ET · period of report 2024-04-09 · accession 0001664272-24-000230 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2024-04-11	2024-04-09	ASPS	Esterman Michelle D.	CFO	F - Tax	$1.62	-4,052	143.0K	-3%	-$6,564
	2024-04-11	2024-04-09	ASPS	Esterman Michelle D.	CFO	A - Grant	$1.94	+16.6K	147.1K	+13%	+$32.3K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2024-04-09	F	D	4,052	$1.62	143,041	D	—	—	(F3) Of the 16,643 shares granted to Ms. Esterman, reported above, 4,052 shares were foregone to pay for the tax withholding with a net issuance to Ms. Esterman of 12,591 shares. The price per share used to determine the tax withholding was the opening price of ASPS common stock on the grant date.
2	Common	Common Stock	2024-04-09	A	A	16,643	$1.94	147,093	D	—	—	(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 March 31, 2024, Ms. Esterman received 16,643 shares, which vest immediately. (F2) Represents the cost per share for the temporary compensation replacement noted in Footnote 1. Given that it was a replacement for compensation, the net cost of the shares was $0.