Shepro William B 4

What Happened

• William B. Shepro, Chair, CEO and Director of Altisource Portfolio Solutions S.A. (ASPS), had previously granted restricted share units (RSUs) vest on March 20, 2026, resulting in 4,695 shares issued upon conversion of the RSUs (no cash paid). Of those, 1,735 shares were withheld to satisfy tax-withholding obligations (based on the opening price on March 20, 2026), yielding a net issuance of 2,960 shares to Mr. Shepro. He then transferred (gifted) 2,960 shares to the William B. Shepro Revocable Trust. The vesting comprised final installments of time-based, performance-based, and performance-and-market-based RSUs granted on March 20, 2023.

Key Details

• Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (timely filing).
• Shares vesting/converted: 4,695 shares (conversion of RSUs; transaction code M).
  • Tax withholding: 1,735 shares withheld (code F) based on opening price on 3/20/2026.
  • Net issued to Shepro: 2,960 shares.
  • Transfer: 2,960 shares transferred to the William B. Shepro Revocable Trust (gift/transfer; code G).
• Breakdown in filing: 4,695 = 2,134 + 1,281 + 1,280 (reflecting final vesting across RSU categories).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: RSUs each represent a contingent right to one share; these were final vesting tranches from the Altisource 2023 LTIP.

Context

• These transactions reflect RSU vesting and internal transfers, not open-market buys or sales; no cash purchase was made (cashless conversion of RSUs).
• The transfer to a revocable trust is a personal estate planning move (a gift/transfer) and should not be interpreted as a market sentiment signal.
• Tax-withholding via share surrender is common for RSU vesting and is routine reporting (transaction codes: M = conversion/exercise of derivative/RSU, F = tax withholding, G = gift/transfer).