RITTS GREGORY J. 4

What Happened

• Gregory J. Ritts, Chief Legal and Compliance Officer of Altisource Portfolio Solutions S.A. (ASPS), had 31,115 restricted share units (RSUs) vest on February 19, 2026. Those RSUs converted into 31,115 shares (derivative conversion/exercise reported at $0.00 per share, total value $0 on the Form 4).
• To satisfy tax withholding, 14,657 of the vested shares were withheld (reported as a disposition under tax withholding), and 16,458 shares were delivered to Mr. Ritts. The transaction reflects RSU vesting and cashless settlement for taxes rather than an open-market purchase or voluntary sale.

Key Details

• Transaction date: February 19, 2026. Filing date: February 23, 2026 (no late-filing flag indicated in the provided filing).
• Conversion/Exercise price reported: $0.00 per share (consistent with RSU vesting rather than option exercise for cash).
• Shares vested: 31,115; shares withheld for taxes: 14,657; shares delivered to insider: 16,458.
• Price used for tax withholding calculation: the opening price of ASPS common stock on Feb 19, 2026 (per filing; exact dollar-per-share amount not stated here).
• Remaining award: 62,229 RSUs from the same grant remain and are scheduled to vest in two installments on Feb 19, 2027 and Feb 19, 2028 (footnote F1).
• Footnote F3 notes “Includes 19,666 RSUs” in the reporting; the filing’s remark also states all share amounts reflect the company’s 1:8 stock consolidation effective May 28, 2025.
• Shares owned after the transaction were not specified in the materials provided.

Context

• This is a routine insider event: RSUs vest and are converted into shares; withholding shares to cover taxes is common and does not by itself signal a buy/sell decision by the insider.
• The filing shows conversion of derivative units (code M) and tax withholding (code F). Because some shares were withheld rather than sold on the open market, this is best read as compensation delivery rather than a directional trade.
• No indication in the provided filing that the transaction was part of a 10b5-1 plan or that the filing was tardy.