| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ASPS | Common Stock | Options Exercise | $0 | +37.5K | +58% | $0.00 | 102K | Feb 20, 2025 | Direct | F3 |
| transaction | ASPS | Common Stock | Options Exercise | $0 | +6.36K | +6.23% | $0.00 | 108K | Feb 20, 2025 | Direct | F4 |
| transaction | ASPS | Common Stock | Tax liability | -$16.5K | -20.3K | -18.75% | $0.81 | 88.1K | Feb 20, 2025 | Direct | F5 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ASPS | Restricted Share Units | Award | $0 | +747K | $0.00 | 747K | Feb 19, 2025 | Common Stock | 747K | Direct | F1, F2 | ||
| transaction | ASPS | Restricted Share Units | Options Exercise | $0 | -37.5K | -80% | $0.00 | 9.37K | Feb 20, 2025 | Common Stock | 37.5K | Direct | F1, F3 | |
| transaction | ASPS | Restricted Share Units | Options Exercise | $0 | -6.36K | -33.33% | $0.00 | 12.7K | Feb 20, 2025 | Common Stock | 6.36K | Direct | F1, F4 |
| Id | Content |
|---|---|
| F1 | Each restricted share unit ("RSU") represents a contingent right to receive one share of Altisource Portfolio Solutions S.A. (the "Company") common stock. |
| F2 | Mr. Ritts received a grant of 746,752 RSUs. The RSUs were granted to Mr. Ritts on February 13, 2025 pursuant to the Altisource 2009 Equity Incentive Plan, with vesting of the RSUs contingent upon the consummation of the transactions (the "Transactions") contemplated by that certain Transaction Support Agreement, dated as of December 16, 2024 (the "Transaction Support Agreement"). Due to the contingent nature of the closing of the Transactions, the grant of the RSUs was not reportable until the closing date of the Transactions which occurred on February 19, 2025. The RSUs will vest in three equal installments, with one-third vesting on each of the first three anniversaries of the Transaction Effective Date (as such term is defined in the Transaction Support Agreement) (i.e., February 19, 2026, February 19, 2027 and February 19, 2028), subject to Mr. Ritts' continuous service to the Company on and through each applicable vesting date, inclusive. |
| F3 | Mr. Ritts received 37,483 shares of ASPS common stock upon the vesting of previously granted time-based RSUs pursuant to an award under the Company's 2009 Equity Incentive Plan and 2023 Annual Incentive Plan. Pursuant to the Award Agreement, 80% of the RSUs vested on February 20, 2025; the remaining 20% (9,371) are scheduled to vest on February 20, 2026. |
| F4 | Mr. Ritts received 6,357 shares of ASPS common stock upon the vesting of previously granted time-based RSUs pursuant to an award under the Company's 2009 Equity Incentive Plan and 2024 Long-Term Equity Incentive Plan. The remaining 12,715 RSUs are scheduled to vest in two equal installments on the second and third anniversaries of the grant date (i.e., February 20, 2026 and February 20, 2027). |
| F5 | Of the 43,840 RSUs vesting into shares reported above 20,339 shares were foregone to pay for the tax withholding with a net issuance to Mr. Ritts of 23,501 shares. Pursuant to the terms of the award agreements, the price per share used to determine the tax withholding was the opening price of ASPS common stock on February 20, 2025. |