Consumer Portfolio Services (CPSS) SVP Michele Baumeister Exercises Options

What Happened

• Michele L. Baumeister, Senior Vice President of Consumer Portfolio Services (CPSS), exercised options to acquire 30,000 shares on August 4, 2026. The option strike was $3.53 per share (cost basis $105,900). As a net/cashless exercise, 14,171 shares were surrendered/withheld to satisfy the exercise price and tax liability (calculated at the closing price of $9.31), equal to $131,932, leaving Baumeister with 15,829 net shares.

Key Details

• Transaction date: August 4, 2026.
• Option exercise: 30,000 shares at $3.53 strike (total strike cost $105,900).
• Withholding/tax payment: 14,171 shares withheld at $9.31 (closing price) for $131,932.
• Net shares received: 15,829 common shares issued on net exercise.
• Footnotes: F1 confirms this was a net (cashless) exercise; F2 notes the options became exercisable in four equal installments (7,500 shares each) on 8/8/2020–8/8/2023; F3 indicates the options were issued for services.
• Filing timeliness: Form filed 2026-08-05 for a transaction on 2026-08-04 (appears timely).

Context

• This was a net/cashless option exercise (options converted into shares with a portion withheld to cover exercise price and taxes), a common equity-compensation event rather than an open-market buy or sale.
• Such exercises are routine for option holders and do not by themselves indicate management buying or selling for investment purposes.