Esterman Michelle D. 4

What Happened

• Michelle D. Esterman, Chief Financial Officer of Altisource Portfolio Solutions S.A. (ASPS), had 4,394 shares of ASPS common stock withheld to satisfy tax withholding upon the vesting of previously reported time‑based restricted stock units (RSUs). In connection with this vesting, 13,653 shares were delivered to Ms. Esterman. The Form 4 reports the withholding as transaction code F (tax withholding/cashless settlement).
• The filing does not list a per‑share price or total dollar value for the withheld shares; the withholding was calculated based on ASPS’s opening price on February 25, 2026 (per footnote).

Key Details

• Transaction date: February 25, 2026. Form 4 filed February 27, 2026 (appears timely — within the typical two‑business‑day window).
• Withheld shares: 4,394 (used to satisfy tax withholding). Delivered shares to insider from the vesting: 13,653.
• Price/value: Not specified on the Form 4 line item; withholding was calculated using the opening price on Feb 25, 2026 (per footnote).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1 explains shares were withheld to satisfy tax withholding on vested RSUs; F2 notes “Includes 4,512 RSUs” (as referenced in the filing).

Context

• This was a routine tax‑withholding disposition tied to RSU vesting (transaction code F), not an open‑market sale or discretionary purchase. Such withholdings are common and generally reflect compensation tax obligations rather than a trading decision by the insider.
• For retail investors tracking insider activity, outright purchases are often more indicative of bullish conviction; tax‑withholding transactions like this are primarily administrative.