RITTS GREGORY J. 4

What Happened

• Gregory J. Ritts, Chief Legal & Compliance Officer of Altisource Portfolio Solutions S.A. (ASPS), received 1,145 shares of ASPS common stock upon vesting of previously granted restricted share units (RSUs) on March 20, 2026. The RSU conversion is reported as exercise/conversion of derivatives (code M); no cash purchase price was paid for the shares (reported as $0.00).
• Of the 1,145 vested shares, 422 were withheld to satisfy tax withholding obligations (code F), leaving a net issuance of 723 shares to Mr. Ritts. The number of shares that vested were shown in separate line items of 520, 313, and 312 shares (which total 1,145) and represent final vesting of awards granted March 20, 2023 under the Altisource 2023 LTIP.

Key Details

• Transaction date: March 20, 2026. Form 4 filed March 24, 2026 (filed within the required SEC timeframe).
• Shares issued on vesting: 1,145; shares withheld for taxes: 422; net shares delivered to insider: 723.
• Reported price: $0.00 per share for issuance (typical for RSU vest-to-share conversions); the company used the opening market price on March 20, 2026 to calculate the tax withholding value.
• Nature of award: RSUs (each RSU = right to one share). Footnotes indicate these were the final vesting of time-based, performance-based, and performance-and-market-based RSUs granted 3/20/2023.
• Filing did not disclose total beneficial ownership after this issuance in the provided excerpt; Form 4 Table I (and prior filings) may contain total holdings. Footnote references include 3,933 RSUs previously reported.

Context

• RSU vesting is not a market purchase — it converts a prior award into shares. The tax withholding here was satisfied by surrendering (withholding) 422 of the vested shares (a common practice), not by a cash payment.
• This is a routine equity-compensation event (final vesting of 2023 awards) rather than an open-market buy or sale. It does not necessarily indicate a change in the insider’s view of the company.