William B. Shepro - 01 Mar 2024 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Signature
/s/ Teresa L. Szupello, Attorney-in-Fact
Issuer symbol
ASPS
Transactions as of
01 Mar 2024
Transactions value $
-$46,184
Form type
4
Filing time
05 Mar 2024, 16:18:27 UTC
Previous filing
22 Feb 2024
Next filing
12 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Options Exercise $0 +21.6K $0.00 21.6K 01 Mar 2024 Direct F1
transaction ASPS Common Stock Options Exercise $0 +13.7K +63.37% $0.00 35.2K 01 Mar 2024 Direct F2
transaction ASPS Common Stock Tax liability -$46.2K -16.6K -47.18% $2.78 18.6K 01 Mar 2024 Direct F3
transaction ASPS Common Stock Gift $0 -18.6K -100% $0.00* 0 01 Mar 2024 Direct F4
transaction ASPS Common Stock Gift $0 +18.6K +2.67% $0.00 714K 01 Mar 2024 William B. Shepro Revocable Trust F4

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 -21.6K -100% $0.00* 0 01 Mar 2024 Common Stock 21.6K $0.00 Direct F5
transaction ASPS Restricted Share Units Options Exercise $0 -13.7K -50% $0.00 13.7K 01 Mar 2024 Common Stock 13.7K $0.00 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 21,553 shares of ASPS common stock were received upon the vesting of previously granted time-based restricted share units ("RSUs") pursuant to an award under the Company's 2009 Equity Incentive Plan and 2021 Annual Incentive Plan.
F2 13,658 shares of ASPS common stock were received upon the vesting of previously granted time-based RSUs pursuant to an award under the Company's 2009 Equity Incentive Plan and 2022 Long-Term Equity Incentive Plan.
F3 Of the 35,211 RSUs vesting into shares reported above, 16,613 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 18,598 shares. Pursuant to the terms of the award agreements, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on March 1, 2024.
F4 Represents a transfer by gift by Mr. Shepro of 18,598 shares of ASPS common stock, acquired upon the vesting of time-based RSUs, from his direct ownership to the William B. Shepro Revocable Trust.
F5 Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.
F6 The remaining 13,659 RSUs are scheduled to vest on the third anniversary of the grant date (i.e., March 1, 2025).