Consumer Portfolio Services (CPSS) 10% Owner Bradley Exercises Options

What Happened
Bradley Charles E. Jr., a 10% owner of Consumer Portfolio Services (CPSS), exercised 300,000 option/share equivalents on August 5, 2026 at an exercise price of $3.53 per share, for a cash cost of $1,059,000. The Form 4 also reports a related derivative disposition of 300,000 on August 7, 2026 (the filing lists this as a derivative disposition with no price/value noted).

Key Details

• Transaction dates and prices: Aug 5, 2026 — exercised 300,000 at $3.53 (total $1,059,000); Aug 7, 2026 — disposition of 300,000 (listed as derivative; no price/value reported).
• Shares owned after transaction: Not disclosed on the provided filing.
• Footnotes: F1 — the options became exercisable in four equal installments on 8/8/2020, 8/8/2021, 8/8/2022 and 8/8/2023. F2 — the options were originally issued as consideration for services.
• Filing timeliness: Form 4 was filed Aug 7, 2026 for an Aug 5 transaction; the filing does not indicate lateness.

Context

• This was an option exercise (transaction code M). The filing also shows a subsequent derivative disposition; the Form 4 does not specify whether the underlying shares were sold or transferred after exercise.
• As a 10% owner, Bradley is a significant shareholder; such exercises can be routine (e.g., vesting/exercise per prior grants) rather than an express buy/sell signal about company prospects.