Form 4 for ASPS ALTISOURCE PORTFOLIO SOLUTIONS S.A.
Accepted 2025-02-06 00:00:00 ET · period of report 2025-02-04 · accession 0001664272-25-000064 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-02-06 | 2025-02-04 | ASPS | Esterman Michelle D. | CFO | F - Tax | $0.65 | -4,558 | 225.3K | -2% | -$2,963 | |
| 2025-02-06 | 2025-02-04 | ASPS | Esterman Michelle D. | CFO | A - Grant | $0.7 | +15.4K | 229.8K | +7% | +$10.8K |
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 | 2025-02-04 | F | D | 4,558 | $0.65 | 225,285 | D | — | — | (F3) Of the 15,376 shares granted to Ms. Esterman, reported above, 4,558 shares were forgone to pay for the tax withholding with a net issuance to Ms. Esterman of 10,818 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 | 2025-02-04 | A | A | 15,376 | $0.7 | 229,843 | D | — | — | (F1) As part of a previously disclosed company-wide cost reduction plan, Ms. Esterman 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, 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. The Adjustment was terminated on February 1, 2025, upon written notice from Ms. Esterman. For the month ending January 31, 2025, Ms. Esterman received 15,376 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. |