Deer Park Road Corp 4

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.