ALTISOURCE PORTFOLIO SOLUTIONS S.A.·4/A

Jun 8, 5:24 PM ET

Deer Park Road Corp 4/A

4/A · ALTISOURCE PORTFOLIO SOLUTIONS S.A. · Filed Jun 8, 2026

Research Summary

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Updated

Altisource (ASPS) Director Mary Hickok Receives RSU Award

What Happened Mary Hickok, a Managing Director at Deer Park (serving as Altisource Portfolio Solutions S.A. non-management director), was granted a total of 19,215 restricted share units (RSUs) on May 21, 2026 (listed as two awards: 19,070 and 145 RSUs). Each RSU represents a contingent right to one share of Altisource common stock and was granted at $0.00 (award/compensation). The RSUs vest on the date of the Issuer’s 2027 Annual General Meeting of Shareholders provided Ms. Hickok attends at least 75% of Board and committee meetings on which she serves. This is an award (not a purchase or sale).

Key Details

  • Transaction date and type: May 21, 2026 — Grant/Award (code A).
  • Shares granted: 19,215 RSUs total (19,070 + 145) at $0.00 per unit.
  • Vesting: Vest at the 2027 Annual General Meeting if attendance condition (≥75% of meetings) is met.
  • Shares owned after transaction: The RSUs are reported for the accounts of STS Master Fund, Ltd. and Deer Park 1850 Fund, LP; the filer adjusted counts to reflect a prior 1-for-8 reverse stock split and corrected allocation between those funds.
  • Notable footnotes: Economic interest in the RSUs belongs to STS Master Fund, Ltd. and Deer Park 1850 Fund, LP; Ms. Hickok has no pecuniary interest in the reported shares. Deer Park serves as adviser to those funds. Reporting entities disclaim beneficial ownership except to the extent of any pecuniary interest.
  • Filing status: This is an amended Form 4 to adjust post-split amounts and correct allocation; no separate late-filing designation is indicated in the provided data.

Context These RSUs are director compensation contingent on continued service and attendance — not an open-market purchase or sell signal. The reported beneficial interest is held by institutional funds advised by Deer Park (a 10% owner), so the grant reflects compensation routing to those funds rather than personal stock ownership by Ms. Hickok.

Insider Transaction Report

Form 4/AAmended
Period: 2026-05-21
Transactions
  • Award

    Common Stock

    [F1][F2][F3][F4][F6]
    2026-05-21+19,0701,512,284 total(indirect: See Footnotes)
  • Award

    Common Stock

    [F1][F2][F3][F5][F6]
    2026-05-21+14511,481 total(indirect: See Footnotes)
Footnotes (6)
  • [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. and Deer Park 1850 Fund, LP. 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 numbers have been adjusted to reflect (i) the 1-for-8 reverse stock split the Issuer effected on May 28, 2025, and (ii) a correction in the amount of shares allocated between STS Master Fund, Ltd. and Deer Park 1850 Fund, LP from the RSU grant to Ms. Hickok on May 21, 2025.
  • [F4]These securities are held for the account of STS Master Fund, Ltd. Deer Park serves as investment adviser to STS Master Fund, Ltd.
  • [F5]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.
  • [F6]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.

Documents

1 file
  • 4
    form4a.xml

    FORM 4/A