ALTISOURCE PORTFOLIO SOLUTIONS S.A.·4/A

Feb 26, 2:57 PM ET

RITTS GREGORY J. 4/A

Research Summary

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ASPS Chief Legal/Compliance Officer Gregory Ritts Receives RSU Award (19,603)

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. The RSUs converted into 31,115 shares of common stock (reported as derivative conversion/exercise at $0.00). To satisfy tax withholding obligations, 11,512 shares were withheld (reported as disposition for tax), leaving 19,603 shares delivered to Mr. Ritts. The filing is an amended Form 4.

Key Details

  • Transaction date: February 19, 2026.
  • Primary entries: conversion/exercise of derivative (M) for 31,115 shares @ $0.00; tax withholding (F) of 11,512 shares @ $0.00 (net 19,603 delivered).
  • Price used to determine tax withholding: opening price of ASPS common stock on Feb 19, 2026 (per footnote).
  • Remaining scheduled vesting: 62,229 RSUs from the same award (to vest Feb 19, 2027 and Feb 19, 2028).
  • Shares owned after the transaction: not specified on this filing.
  • All share amounts reflect a 1:8 stock consolidation effective May 28, 2025.
  • Filing status: Amended Form 4 (no separate late-filing flag reported in the provided data).

Context

  • This was an RSU vesting event (award conversion), not an open-market buy or sell. The conversion was reported as a derivative exercise and a tax-withholding disposition — a common, routine corporate payroll/tax action when equity awards vest. Such transactions reflect grant vesting and tax settlement rather than a discretionary insider purchase or sale.