William B. Shepro - 09 Mar 2023 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Role
Chairman and CEO, Director
Signature
/s/ Teresa L. Szupello, Attorney-in-Fact
Issuer symbol
ASPS
Transactions as of
09 Mar 2023
Transactions value $
-$12,508
Form type
4
Filing time
13 Mar 2023, 17:09:51 UTC
Previous filing
06 Mar 2023
Next filing
22 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Gift $0 +2,534 +0.4% $0 630,657 09 Mar 2023 William B. Shepro Revocable Trust F3
transaction ASPS Common Stock Gift $0 -2,534 -100% $0* 0 09 Mar 2023 Direct F3
transaction ASPS Common Stock Tax liability -$12,508 -2,266 -47% $5.52 2,534 09 Mar 2023 Direct F2
transaction ASPS Common Stock Options Exercise $0 +4,800 $0 4,800 09 Mar 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ASPS Restricted Share Units Options Exercise $0 -4,800 -100% $0* 0 09 Mar 2023 Common Stock 4,800 $0 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 4,800 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to an award under the 2009 Equity Incentive Plan, as amended and the 2020 Annual Incentive Plan.
F2 Of the 4,800 RSUs vesting into shares reported above, 2,266 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 2,534 shares. Pursuant to the terms of the award agreement, the price per share used to determine the tax withholding was the opening price of ASPS common stock on March 9, 2023.
F3 Represents a transfer by gift by Mr. Shepro of 2,534 shares of ASPS common stock, acquired upon the vesting of RSUs, from his direct ownership to the William B. Shepro Revocable Trust. This transaction is reportable on Form 5, but Mr. Shepro is voluntarily reporting early on Form 4.
F4 Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.