4//SEC Filing
RITTS GREGORY J. 4
Accession 0001664272-25-000268
CIK 0001462418other
Filed
Apr 8, 8:00 PM ET
Accepted
Apr 9, 12:51 PM ET
Size
10.4 KB
Accession
0001664272-25-000268
Insider Transaction Report
Form 4
RITTS GREGORY J.
General Counsel
Transactions
- Award
Cash Exercise Stakeholder Warrants (Right to Buy)
2025-04-09+20,000→ 945,410 totalExercise: $1.95Exp: 2029-04-02→ Common Stock (32,500 underlying) - Purchase
Common Stock
2025-04-09$0.48/sh+20,000$9,600→ 272,041 total - Award
Net Settle Stakeholder Warrants (Right to Buy)
2025-04-09+20,000→ 945,410 totalExercise: $1.95Exp: 2032-04-30→ Common Stock (32,500 underlying)
Footnotes (4)
- [F1]Represents a private purchase of Altisource Portfolio Solutions S.A. common stock pursuant to a Purchase and Sale Agreement dated March 26, 2025.
- [F2]Includes 157,330 RSUs.
- [F3]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.
- [F4]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).
Documents
Issuer
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
CIK 0001462418
Entity typeother
Related Parties
1- filerCIK 0001621907
Filing Metadata
- Form type
- 4
- Filed
- Apr 8, 8:00 PM ET
- Accepted
- Apr 9, 12:51 PM ET
- Size
- 10.4 KB