William B. Shepro - Jan 29, 2025 Form 4/A - Amendment Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Role: Chairman and CEO, Director
Signature: /s/ Teresa L. Szupello, Attorney-in-Fact
Stock symbol: ASPS
Transactions as of: Jan 29, 2025
Transactions value $: $35,781
Form type: 4/A - Amendment
Date filed: 2/3/2025, 06:17 PM
Date Of Original Report: Jan 31, 2025
Previous filing: Oct 24, 2024
Next filing: Feb 6, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASPS	Common Stock	Award	$71.3K	+100K	+11.56%	$0.71	965K	Jan 29, 2025	William B. Shepro Revocable Trust	F1, F2
transaction	ASPS	Common Stock	Tax liability	-$35.5K	-52.2K	-5.41%	$0.68	912K	Jan 29, 2025	William B. Shepro Revocable Trust	F3, F4, F7
transaction	ASPS	Common Stock	Options Exercise	$0	+10.7K	+1.17%	$0.00	923K	Jan 29, 2025	William B. Shepro Revocable Trust	F5

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	-10.7K	-100%	$0.00	0	Jan 29, 2025	Common Stock	10.7K	$0.00	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As part of a previously disclosed company-wide cost reduction plan, Mr. Shepro has 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 (each a "Period"), 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. For the Period ended December 31, 2024, Mr. Shepro received 99,968 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.
F3	Of the 99,968 shares granted to Mr. Shepro, reported above, 47,150 shares were forgone to pay for the tax withholding with a net issuance to Mr. Shepro of 52,818 shares.
F4	Represents the cost per share used to determine the tax withholding; the opening price of ASPS common stock on the grant date.
F5	10,707 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").
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.
F7	This amendment increases the number of shares foregone to pay for the tax withholding by 5,050 shares, to include the number of shares foregone to pay the tax withholding on the shares acquired by the RSU vesting reported in Table II.