Form 4 for ASPS ALTISOURCE PORTFOLIO SOLUTIONS S.A.

Accepted 2024-07-25 00:00:00 ET · period of report 2024-07-23 · accession 0001664272-24-000314 · 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
	2024-07-25	2024-07-23	ASPS	Esterman Michelle D.	CFO	A - Grant	$1.42	+22.7K	165.8K	+16%	+$32.3K
	2024-07-25	2024-07-23	ASPS	Esterman Michelle D.	CFO	F - Tax	$1.27	-5,536	160.2K	-3%	-$7,031

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	2024-07-23	A	A	22,738	$1.42	165,779	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 June 30, 2024, Ms. Esterman received 22,738 shares, which vested immediately. (F2) Represents the cost per share used to calculate the temporary compensation replacement described in Footnote 1. Given that the shares were a replacement for compensation, their net cost was $0.
2	Common	Common Stock	2024-07-23	F	D	5,536	$1.27	160,243	D	—	—	(F3) Of the 22,738 shares granted to Ms. Esterman, reported above, 5,536 shares were forgone to pay for the tax withholding with a net issuance to Ms. Esterman of 17,202 shares. (F4) Represents the cost per share used to determine the tax withholding; the opening price of ASPS common stock on the grant date.