Esterman Michelle D. 4
4 · ALTISOURCE PORTFOLIO SOLUTIONS S.A. · Filed Apr 7, 2025
Insider Transaction Report
Form 4
Esterman Michelle D.
Chief Financial Officer
Transactions
- Award
Cash Exercise Stakeholder Warrants (Right to Buy)
2025-04-03+1,457,135→ 1,457,135 totalExercise: $1.95Exp: 2029-04-02→ Common Stock (2,367,844 underlying) - Award
Net Settle Stakeholder Warrants (Right to Buy)
2025-04-03+1,457,135→ 1,457,135 totalExercise: $1.95Exp: 2032-04-30→ Common Stock (2,367,844 underlying)
Footnotes (2)
- [F1]The reporting person received the Cash Exercise Stakeholder Warrants ("Cash Exercise Warrants") and the Net Settle Stakeholder Warrants ("Net Settle Warrants," and collectively with the Cash Exercise Warrants, the "Warrants") as part of a distribution by the Issuer of transferable warrants to certain securityholders of the Issuer for no consideration.
- [F2]The initial exercise date of the Warrants is the later of (i) July 2, 2025 and (ii) first date on which the VWAP (as defined in the Warrant Agent Agreement, a copy of which was filed as Exhibit 4.1 to the Issuer's Current Report on Form 8-K filed with the SEC on April 2, 2025 (the "Warrant Agreement")) of the common stock equals or exceeds the Implied Per Share Exercise Price (as defined in the Warrant Agreement) of the Warrants (initially, $1.20).