Esterman Michelle D. 4

What Happened

• Michelle D. Esterman, Chief Financial Officer of Altisource Portfolio Solutions S.A. (ASPS), had 37,338 restricted share units (RSUs) vest on February 19, 2026. Per the filing, 10,085 shares were withheld to satisfy tax withholding, resulting in 27,253 shares delivered to Ms. Esterman. The Form 4 shows $0.00 per share for the conversion (typical for RSU vesting); the tax-withholding used the opening market price on February 19, 2026 (per footnote).
• The RSUs vested under the Altisource 2009 Equity Incentive Plan. An additional 74,674 RSUs from the same award remain and are scheduled to vest in two equal installments on Feb 19, 2027 and Feb 19, 2028. All share amounts reflect the company’s 1:8 stock consolidation effective May 28, 2025.

Key Details

• Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (within the 2-business-day filing window).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (shares withheld for taxes).
• Shares: 37,338 RSUs converted to common stock; 10,085 shares withheld for taxes; 27,253 shares delivered to the insider.
• Price shown on Form 4: $0.00 per share for the conversion (RSUs). Footnote F2: the tax withholding used the opening price on Feb 19, 2026 to determine the number withheld.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: remaining 74,674 RSUs scheduled to vest in 2027–2028; each RSU equals one share; filing notes “Includes 22,559 RSUs” (see footnote F3).

Context

• This was a routine RSU vesting event (conversion of equity compensation), not an open-market purchase or discretionary sale. The withholding of shares to cover taxes is common and effectively a cashless tax-satisfaction step.
• RSU vesting is a compensation realization and does not by itself indicate an insider’s market view. The filing simply records the conversion and withholding; no cash purchase or open-market trade was reported.