Shepro William B 4

What Happened
William B. Shepro, Chair and CEO of Altisource Portfolio Solutions S.A. (ASPS), had 103,716 restricted share units (RSUs) vest on February 19, 2026. No exercise price was paid (RSUs convert to shares). Of the 103,716 vested shares, 38,374 were withheld to satisfy tax withholding and 65,342 shares were delivered to Mr. Shepro. The 65,342 delivered shares were then transferred by gift to the William B. Shepro Revocable Trust. The filing reflects a prior 1:8 stock consolidation (effective May 28, 2025).

Key Details

• Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (filed within two business days).
• Vesting: 103,716 RSUs converted to 103,716 shares (derivative conversion; filing shows $0 exercise price).
• Tax withholding: 38,374 shares withheld (price per share used to compute withholding = opening price on Feb 19, 2026; exact dollar amounts not disclosed in the filing).
• Net delivered to insider: 65,342 shares; those 65,342 shares were transferred as a gift to the William B. Shepro Revocable Trust.
• Remaining RSUs: 207,431 RSUs from the same award remain and are scheduled to vest on Feb 19, 2027 and Feb 19, 2028.
• Footnote meanings: M = derivative conversion of RSUs to shares; F = shares withheld for tax withholding; G = gift transfer; each RSU equals one contingent share.

Context
This was an RSU vesting event (award conversion), not an open-market purchase or sale. The tax obligation was satisfied by share withholding rather than a cash payment (a common, non-market transaction). The subsequent gift to the revocable trust is an ownership transfer and does not by itself signal a change in Mr. Shepro’s view of the company’s stock. All figures in the filing reflect the company’s 1:8 consolidation effective May 28, 2025.