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Altisource (ASPS) legal chief’s 31,115 RSUs vest with tax withholding

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(Neutral)
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Form Type
4/A

Rhea-AI Filing Summary

Altisource Portfolio Solutions Chief Legal/Compliance Officer Gregory J. Ritts reported equity award activity involving restricted share units. On February 19, 2026, 31,115 RSUs vested, delivering 31,115 shares of common stock. Of these vested units, 11,512 shares were withheld to cover taxes, leaving 19,603 shares delivered to him. The filing notes 62,229 RSUs from the same award remain scheduled to vest in two installments on February 19, 2027 and February 19, 2028, and his reported holdings include 19,666 RSUs.

Positive

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Negative

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Insider RITTS GREGORY J.
Role Chief Legal/Compliance Officer
Type Security Shares Price Value
Exercise Restricted Share Units 31,115 $0.00 --
Exercise Common Stock 31,115 $0.00 --
Tax Withholding Common Stock 11,512 $0.00 --
Holdings After Transaction: Restricted Share Units — 62,229 shares (Direct); Common Stock — 65,120 shares (Direct)
Footnotes (1)
  1. Mr. Ritts received 31,115 shares of ASPS common stock upon the vesting of previously granted restricted share units ("RSUs") pursuant to an award under the Altisource 2009 Equity Incentive Plan. The remaining 62,229 RSUs from such award are scheduled to vest in two installments on the second and third anniversaries of the grant date (i.e., February 19, 2027 and February 19, 2028. Of the 31,115 RSUs that vested, 11,512 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 19,603 shares of ASPS common stock to Mr. Ritts. The price per share used to determine the tax withholding was the opening price of ASPS common stock on February 19, 2026. Includes 19,666 RSUs.
Form 4 Insider Transactions: What Each Field Means →
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)
02/19/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
02/23/2026 		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 02/19/2026 M 31,115(1) A $0.0000 65,120 D
Common Stock 02/19/2026 F 11,512(2) D $0.0000 53,608(3) 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
Restricted Share Units $0.0000 02/19/2026 M 31,115(1) (1) (1) Common Stock 31,115 $0.0000 62,229 D
Explanation of Responses:
1. Mr. Ritts received 31,115 shares of ASPS common stock upon the vesting of previously granted restricted share units ("RSUs") pursuant to an award under the Altisource 2009 Equity Incentive Plan. The remaining 62,229 RSUs from such award are scheduled to vest in two installments on the second and third anniversaries of the grant date (i.e., February 19, 2027 and February 19, 2028.
2. Of the 31,115 RSUs that vested, 11,512 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 19,603 shares of ASPS common stock to Mr. Ritts. The price per share used to determine the tax withholding was the opening price of ASPS common stock on February 19, 2026.
3. Includes 19,666 RSUs.
Remarks:
All share amounts set forth in this Form 4 reflect the Company's 1:8 stock consolidation effected as of May 28, 2025.
/s/ Teresa L. Szupello, Attorney-in-Fact 02/26/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many ASPS shares were withheld for taxes in Gregory Ritts’ Form 4/A?

Of the 31,115 vested RSUs, 11,512 Altisource (ASPS) common shares were withheld to satisfy tax obligations. This tax-withholding disposition left 19,603 shares delivered directly to Gregory Ritts as part of his equity compensation vesting event.

What future RSU vesting schedule was disclosed for ASPS executive Gregory Ritts?

The filing states that 62,229 RSUs from the same award are scheduled to vest in two installments. These are expected on the second and third anniversaries of the grant date, namely February 19, 2027 and February 19, 2028, subject to plan terms.

How many restricted share units are included in Gregory Ritts’ reported ASPS holdings?

The disclosure notes that his reported holdings include 19,666 restricted share units (RSUs). These RSUs represent a portion of his overall equity position in Altisource Portfolio Solutions and are separate from the 31,115 RSUs that vested on February 19, 2026.

Was Gregory Ritts’ Form 4/A for ASPS an open-market stock sale?

No, the Form 4/A reflects RSU vesting and tax withholding, not an open-market stock sale. Shares were delivered upon exercise of derivative securities, and some were withheld specifically to satisfy the related tax liability on the vesting event.