CPSS Sr. VP Lisette Reynoso Exercises Options, Nets 3,161 Shares

What Happened

• Lisette Reynoso, Senior Vice President of Consumer Portfolio Services, exercised options to acquire 5,000 shares on August 3, 2026. The exercise price was $3.53 per share (total $17,650). To cover the exercise price and tax liability, 1,839 shares were withheld at the closing price of $9.60 per share (valued at about $17,654), resulting in a net issuance to her of 3,161 shares (worth ≈ $30,346 at $9.60).

Key Details

• Transaction date: August 3, 2026; filing date: August 5, 2026 (filed within the typical 2-business-day window).
• Codes: M = option exercise/conversion; F = tax/exercise withholding.
• Specifics: Exercised 5,000 option shares @ $3.53 = $17,650; 1,839 shares withheld @ $9.60 = $17,654; net received 3,161 shares.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 explains this was a "net exercise" (forfeiture/withholding of 1,839 shares to cover costs); F2 notes the original 20,000-option grant vested in four equal installments (8/8/2020–8/8/2023); F3 indicates the options were issued for her services.

Context

• This was a net (cashless-style) option exercise: options were exercised and a portion of the shares was withheld to pay exercise price and taxes, leaving the reporting person with net shares rather than selling immediately for cash.
• The filing is routine for insiders exercising vested options and does not by itself indicate the insider's view of the company’s future performance.