Consumer Portfolio Services (CPSS) President Lavin Receives 120,000-Share Award

What Happened

• Michael T. Lavin, President of Consumer Portfolio Services, Inc. (CPSS), was granted 120,000 derivative securities (transaction code A: award/grant) on 2026-08-11. The filing does not report an exercise or purchase price (price listed as N/A) nor a cash value at grant.
• This is an award for services (footnote F2) that becomes exercisable/vests in four equal installments on 8/11/2027, 8/11/2028, 8/11/2029 and 8/11/2030 (footnote F1). Because this is a time‑vesting award rather than an open‑market purchase or sale, it is a compensation grant, not an immediate buy or sell.

Key Details

• Transaction date: 2026-08-11; Form 4 filed: 2026-08-13 (appears timely; Form 4s are generally due within two business days).
• Quantity granted: 120,000 derivative securities (award/grant, code A).
• Price/consideration: Not reported / N/A on the Form 4.
• Vesting/exercise schedule: Four equal installments on 8/11/2027, 8/11/2028, 8/11/2029 and 8/11/2030 (F1).
• Reason: Issued in consideration of services to the issuer (F2).
• Shares owned after transaction: Not specified in the provided filing details.

Context

• Time‑vesting awards are common executive compensation and do not represent an immediate market purchase or sale; value is realized only if/when the awards vest and are exercised or settled and shares are sold.
• Because the grant vests over multiple years, it aligns executive incentives with longer-term performance but does not by itself indicate near‑term buying or selling by the insider.