Form 4 for ASPS ALTISOURCE PORTFOLIO SOLUTIONS S.A.
Accepted 2025-02-06 00:00:00 ET · period of report 2025-02-04 · accession 0001664272-25-000065 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2025-02-06 | 2025-02-04 | ASPS | Shepro William B | COB, CEO, Dir | A - Grant | $0.7 | +33.9K | 957.0K | +4% | +$23.8K |
| I | 2025-02-06 | 2025-02-04 | ASPS | Shepro William B | COB, CEO, Dir | F - Tax | $0.65 | -16.0K | 941.0K | -2% | -$10.4K |
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 | A | A | 33,941 | $0.7 | 956,975 | I William B. Shepro Revocable Trust | — | — | (F1) As part of a previously disclosed company-wide cost reduction plan, Mr. Shepro volunteered to temporarily modify his compensation by offering the Company the option to replace up to 30% of his base compensation with a grant of unrestricted ASPS common stock (the "Adjustment"). At the end of each calendar quarter, until either Mr. Shepro 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 Mr. Shepro. For the month ending January 31, 2025, Mr. Shepro received 33,941 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 | 2025-02-04 | F | D | 16,006 | $0.65 | 940,969 | I William B. Shepro Revocable Trust | — | — | (F3) Of the 33,941 shares granted to Mr. Shepro, reported above, 16,006 shares were forgone to pay for the tax withholding with a net issuance to Mr. Shepro of 17,935 shares. (F4) Represents the cost per share used to determine the tax withholding; the opening price of ASPS common stock on the grant date. |