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Altisource (NASDAQ: ASPS) CLO reports RSU tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

Altisource Portfolio Solutions S.A. reported an insider tax-related share disposition by its Chief Legal/Compliance Officer, Gregory J. Ritts. On February 25, 2026, 5,821 shares of common stock were withheld to cover his tax obligation upon vesting of previously granted restricted share units.

After this tax-withholding disposition, 9,912 shares were delivered to Mr. Ritts, and his direct holdings increased to 49,027 common shares, which include 3,933 RSUs previously reported. The transaction did not involve an open-market sale for cash.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
RITTS GREGORY J.

(Last) (First) (Middle)
C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A.
33, BOULEVARD PRINCE HENRI

(Street)
LUXEMBOURG N4 L-1724

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ALTISOURCE PORTFOLIO SOLUTIONS S.A. [ ASPS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal/Compliance Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
02/27/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/25/2026 F 5,821(1) D (1) 49,027(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares of Altisource Portfolio Solutions S.A. ("ASPS") common stock were withheld to satisfy Mr. Ritts' tax withholding obligation upon the vesting of previously reported time-based restricted share units ("RSUs"), granted pursuant to the Company's 2024 Annual Incentive Plan. A total of 5,821 shares were withheld, and 9,912 shares were delivered to Mr. Ritts. The tax withholding was calculated based on the opening price of ASPS common stock on February 25, 2026.
2. Includes 3,933 RSUs previously reported in Table I.
/s/ Teresa L. Szupello, Attorney-in-Fact 03/03/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did ASPS disclose for Gregory J. Ritts?

Altisource (ASPS) disclosed a tax-related share disposition for Gregory J. Ritts. The company withheld 5,821 common shares to cover his tax obligation when restricted share units vested, while 9,912 shares were delivered to him as part of the same vesting event.

Was the ASPS Form 4/A transaction an open-market sale of shares?

No, the ASPS Form 4/A transaction was not an open-market sale. Shares were withheld by the company to satisfy Gregory J. Ritts’ tax withholding obligation on vested RSUs, using the opening stock price on February 25, 2026, to calculate the required tax amount.

How many ASPS shares were withheld and delivered in this Form 4/A?

Altisource withheld 5,821 common shares from Gregory J. Ritts to cover taxes and delivered 9,912 shares after RSU vesting. This split reflects the tax obligation and net shares he received from his time-based restricted share unit award under the 2024 Annual Incentive Plan.

What is Gregory J. Ritts’ ASPS share ownership after this transaction?

Following the tax-withholding disposition, Gregory J. Ritts directly holds 49,027 shares of Altisource common stock. This total includes 3,933 restricted share units previously reported, reflecting his updated equity position after the vesting and associated tax withholding event.

Why were ASPS shares withheld from Gregory J. Ritts on February 25, 2026?

Shares were withheld to pay Gregory J. Ritts’ tax withholding obligation when his previously granted time-based RSUs vested. Altisource calculated the tax amount using the opening price of its common stock on February 25, 2026, instead of requiring a separate cash payment from him.

What plan governed the RSUs involved in the ASPS insider transaction?

The RSUs involved were granted under Altisource’s 2024 Annual Incentive Plan. When these time-based restricted share units vested, the company withheld some shares to cover taxes and delivered the remainder to Gregory J. Ritts as part of his equity compensation package.
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