Deer Park Road Corp 4
4 · ALTISOURCE PORTFOLIO SOLUTIONS S.A. · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Altisource (ASPS) Director Mary Hickok Receives RSU Award
What Happened
Mary Hickok, a Managing Director at Deer Park Road Management Company, LP serving on Altisource Portfolio Solutions S.A.'s (ASPS) board, was granted 19,215 restricted share units (RSUs) on May 21, 2026. Each RSU represents a contingent right to receive one share of ASPS common stock; the award was granted at $0.00 per RSU (no cash exchanged at grant). The RSUs will vest on the date of the Issuer’s 2027 Annual General Meeting of Shareholders, subject to Ms. Hickok attending at least 75% of Board and committee meetings on which she serves.
Key Details
- Transaction date and type: 2026-05-21 — Grant/Award (Code A) of 19,215 RSUs @ $0.00.
- Filing date: 2026-05-26 (filed within the standard reporting window).
- Vesting: RSUs vest at the Issuer’s 2027 AGM if attendance condition (≥75% of meetings) is met.
- Ownership after transaction: Not specified in the filing.
- Notable footnotes:
- F1: RSUs are compensation for Ms. Hickok’s 2026–2027 director service and represent one share per RSU upon vesting.
- F2–F4: Economic benefits from Ms. Hickok’s board service belong to STS Master Fund, Ltd.; the reported securities are held for accounts of STS Master Fund, Ltd. and Deer Park 1850 Fund, LP; Deer Park is adviser to those funds.
- F5/Remarks: Deer Park Road Management Company (a 10% owner) and related entities disclaim beneficial ownership except to any pecuniary interest; Ms. Hickok serves on the board as Deer Park’s representative.
Context
This was a board compensation award (RSUs), not an open‑market purchase or sale. For retail investors, such grants are routine director compensation and do not necessarily signal the director’s personal buying or selling intent—especially here, because the economic benefits are reported as belonging to institutional funds (STS Master Fund, Ltd. and Deer Park funds). Deer Park is a 10% owner and the reporting persons are institutional/adviser entities rather than an individual insider acting on personal account.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3][F5]2026-05-21+19,215→ 11,966,106 total(indirect: See Footnotes)
- 89,537(indirect: See Footnotes)
Common Stock
[F4][F5]
Footnotes (5)
- [F1]On May 21, 2026, Mary Hickok, Managing Director at Deer Park Road Management Company, LP ("Deer Park"), was granted 19,215 restricted share units ("RSUs") as compensation for her role as a non-management director of Altisource Portfolio Solutions S.A. (the "Issuer") for the 2026-2027 service year. Each RSU represents a contingent right to receive one share of common stock ("Shares"). The RSUs will vest on the date of the Issuer's 2027 Annual General Meeting of Shareholders, provided that Ms. Hickok attends at least 75% of all Board (as defined herein) and committee meetings on which she serves.
- [F2]All income derived in connection with Ms. Hickok's service as a director on the Issuer's board of directors ("Board") belongs, in economic terms, to STS Master Fund, Ltd. Ms. Hickok has no right to any compensation received in connection with her service on the Issuer's Board and does not have any pecuniary interest in the Shares reported herein.
- [F3]These securities are held for the account of STS Master Fund, Ltd. Deer Park serves as investment adviser to STS Master Fund, Ltd.
- [F4]These securities are held for the account of Deer Park 1850 Fund, LP. Deer Park serves as investment adviser to Deer Park 1850 Fund, LP.
- [F5]Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Each of Deer Park Road Corporation ("DPRC") and AgateCreek LLC ("AgateCreek") is a member of DPRM. Michael Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the majority owner of DPRC. Scott Edward Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.