Michael T. Lavin - 17 May 2024 Form 4 Insider Report for CONSUMER PORTFOLIO SERVICES, INC. (CPSS)

Role
President
Signature
/s/ Michael T. Lavin
Issuer symbol
CPSS
Transactions as of
17 May 2024
Net transactions value
-$87,228
Form type
4
Filing time
21 May 2024, 16:28:33 UTC
Previous filing
10 May 2023
Next filing
12 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPSS Common Stock, no par value Options Exercise $391,500 +90,000 $4.35 90,000 17 May 2024 Direct
transaction CPSS Common Stock, no par value Tax liability $478,728 -55,666 -62% $8.60 34,334 17 May 2024 Direct F1
transaction CPSS Common Stock, no par value Gift $0 -34,334 -100% $0.000000* 0 17 May 2024 Direct
transaction CPSS Common Stock, no par value Gift $0 +34,334 +11% $0.000000 353,879 17 May 2024 MTRB LAVIN LIVING TRUST

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 CPSS Stock Option (right to buy) Options Exercise -90,000 -100% 0 17 May 2024 Common Stock, No Par Value 90,000 $4.35 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. The reporting person received 34,334 shares of common stock on net exercise of option to purchase 90,000 shares of common stock. The reporting person forfeited 55,666 shares of common stock underlying the option in payment of the exercise price and tax liability, using the closing stock price on May 17, 2024 of $8.60 per share.
F2 Became exercisable in four equal installments on May 12, 2018, 2019, 2020 and 2021.
F3 Issued in consideration of the named person's services to the issuer.