RITTS GREGORY J. 4/A
4/A · ALTISOURCE PORTFOLIO SOLUTIONS S.A. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Altisource (ASPS) Chief Legal Officer Gregory Ritts Receives Shares
What Happened
- Gregory J. Ritts, Chief Legal & Compliance Officer of Altisource Portfolio Solutions S.A. (ASPS), had restricted stock units (RSUs) convert to common stock on February 20, 2026. The filing shows 3,934 shares were recorded as acquired via conversion/exercise of derivatives (codes M), with 727 shares withheld to satisfy tax withholding (code F), resulting in a net delivery of 3,207 shares to Mr. Ritts. The recorded per-share exercise/conversion price is $0.00 (these were vesting RSUs, not option purchases).
Key Details
- Transaction date: February 20, 2026; amended Form 4 filed February 26, 2026.
- Reported acquisitions (conversion/vesting): 1,967; 796; and 1,171 shares (total 3,934).
- Tax withholding (disposed): 727 shares; net delivered to insider: 3,207 shares.
- Price shown: $0.00 per share (typical for RSU conversion); the tax-withholding value was determined using ASPS opening price on Feb 20, 2026 (per footnote).
- Footnotes: RSUs came from various plans (2023 AIP, 2024 LTIP, 2009 Equity Incentive Plan); one set (per F6) represents final vesting of 2024 grants. Footnote F3 references 19,666 RSUs in the reported holdings context.
- Shares owned after transaction: not explicitly stated in the provided excerpt of the Form 4.
Context
- These transactions reflect RSU vesting (conversion of awarded restricted share units into common stock), not an open-market purchase or sale. The withholding of shares to cover taxes is a routine administrative step and does not by itself indicate a trading decision or change in sentiment. This is an amended filing reporting the above conversions and withholding.
Insider Transaction Report
Form 4/AAmended
RITTS GREGORY J.
Chief Legal/Compliance Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-20+1,967→ 55,575 total - Tax Payment
Common Stock
[F2][F3]2026-02-20−727→ 54,848 total - Exercise/Conversion
Restricted Share Units
[F4][F5]2026-02-20+796→ 794 totalExercise: $0.00→ Common Stock (796 underlying) - Exercise/Conversion
Restricted Share Units
[F4][F6]2026-02-20+1,171→ 0 totalExercise: $0.00→ Common Stock (1,171 underlying)
Footnotes (6)
- [F1]Mr. Ritts received 1,967 shares of Altisource Portfolio Solutions S.A. (the "Company" or "ASPS") common stock upon the vesting of previously granted time-based restricted share units ("RSUs") pursuant to awards under the Company's 2024 Long Term Incentive Plan ("LTIP") and 2023 Annual Incentive Plan ("AIP").
- [F2]Of the 1,967 RSUs that vested, 727 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 1,240 shares of ASPS common stock to Mr. Ritts. The price per share used to determine the tax withholding was the opening price of ASPS common stock on February 20, 2026.
- [F3]Includes 19,666 RSUs.
- [F4]Each RSU represents a contingent right to receive one share of ASPS common stock.
- [F5]Mr. Ritts received 796 shares of ASPS common stock upon the vesting of previously granted time-based RSUs pursuant to an award under the Company's 2009 Equity Incentive Plan and 2024 LTIP. The remaining 794 RSUs are scheduled to vest on the third anniversary of the grant date (i.e., February 20, 2027).
- [F6]Represents the final vesting of time-based RSUs granted to Mr. Ritts on February 20, 2024 pursuant to the 2023 AIP.
Signature
/s/ Teresa L. Szupello, Attorney-in-Fact|2026-02-26