Form 4 for ASPS ALTISOURCE PORTFOLIO SOLUTIONS S.A.
Accepted 2025-01-31 00:00:00 ET · period of report 2025-01-29 · accession 0001664272-25-000057 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-01-31 | 2025-01-29 | ASPS | Esterman Michelle D. | CFO | F - Tax | $0.68 | -13.4K | 212.6K | -6% | -$9,130 |
| D | 2025-01-31 | 2025-01-29 | ASPS | Esterman Michelle D. | CFO | M - OptEx | $0.00 | +2,613 | 215.2K | +1% | $0 |
| D | 2025-01-31 | 2025-01-29 | ASPS | Esterman Michelle D. | CFO | A - Grant | $0.71 | +45.3K | 226.1K | +25% | +$32.2K |
| D | 2025-01-31 | 2025-01-29 | ASPS | Esterman Michelle D. | CFO | M - OptEx | $0.00 | -2,613 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-01-29 | F | D | 13,427 | $0.68 | 212,628 | D | — | — | (F3) Of the 45,285 shares granted to Ms. Esterman, reported above, 13,427 shares were forgone to pay for the tax withholding with a net issuance to Ms. Esterman of 31,858 shares. (F4) Represents the cost per share used to determine the tax withholding; the opening price of ASPS common stock on the grant date. |
| 2 | Common | Common Stock | 2025-01-29 | M | A | 2,613 | $0.00 | 215,241 | D | — | — | (F5) 2,613 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to an award under the Altisource 2022 Long Term Incentive Plan ("LTIP"). |
| 3 | Common | Common Stock | 2025-01-29 | A | A | 45,285 | $0.71 | 226,055 | 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 December 31, 2024, Ms. Esterman received 45,285 shares, which vested immediately (F2) Represents the cost per share used to determine the temporary compensation replacement described in Footnote 1. Given that the shares are a replacement for compensation, their net cost was $0. |
| 4 | Derivative | Restricted Share Units | 2025-01-29 | M | D | 2,613 | $0.00 | 0 | D | $0.00 · — to — | 2,613 Common Stock | (F6) Represents the full and final vesting of Type II Performance-based RSUs previously granted pursuant to the Altisource 2022 LTIP. Our Compensation Committee approved vesting at 26.13% of target; the remaining RSUs failed to vest. Each RSU represents a contingent right to receive one share of ASPS common stock. |