CPSS EVP Denesh Bharwani Receives 90,000-Share Award

What Happened Denesh Bharwani, Executive Vice President of Consumer Portfolio Services, received a derivative equity award of 90,000 shares on August 11, 2026 (reported on a Form 4). The filing shows no per-share cash price (listed as N/A); the award is reported as a derivative acquisition (code A) and was issued as compensation for services.

Key Details

• Transaction date: 2026-08-11; filing date: 2026-08-13 (filed two days after the transaction).
• Shares awarded: 90,000 derivative shares; price: N/A (no cash purchase reported).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: F1 — the award becomes exercisable in four equal installments on 8/11/2027, 8/11/2028, 8/11/2029 and 8/11/2030. F2 — issued in consideration of the named person’s services to the issuer.
• Transaction type: A (award/grant); derivative security (not an open‑market purchase or sale).

Context This was an equity compensation grant (not a sale or open‑market buy). Vesting/exercisability is spread over four years, so the economic interest and reporting events (exercises or subsequent sales) may occur later and will be reported separately. Awards given as compensation are common and don’t by themselves indicate an immediate insider view on the company’s stock price.