Altisource (NASDAQ: ASPS) director awarded 19,215 RSUs via fund
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Deer Park Road Management Company, LP reported acquisition or exercise transactions in this Form 4 filing.
ALTISOURCE PORTFOLIO SOLUTIONS S.A. reported an insider filing tied to investment manager Deer Park–related entities. A managing director at Deer Park, serving as a non-management director of Altisource, was granted 19,215 restricted share units (RSUs) as compensation for the 2026–2027 board service year. Each RSU represents a contingent right to receive one share of common stock and will vest at the 2027 Annual General Meeting of Shareholders if she attends at least 75% of board and committee meetings.
The filing explains that all economic benefit from this director compensation belongs to STS Master Fund, Ltd., with Deer Park acting as investment adviser. The reporting persons, including Deer Park and affiliated entities, disclaim beneficial ownership beyond any pecuniary interest. Following these transactions, indirect holdings reported include 11,966,106 shares in one account and 89,537 shares in another.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Deer Park Road Management Company, LP, Deer Park Road Management GP, LLC, Deer Park Road Corp, AgateCreek LLC, Craig-Scheckman Michael, Burg Scott Edward
Role
null | null | null | null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,215 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,966,106 shares (Indirect, See Footnotes)
Footnotes (1)
- On May 21, 2026, Mary Hickok, Managing Director at Deer Park Road Management Company, LP ("Deer Park"), was granted 19,215 restricted share units ("RSUs") as compensation for her role as a non-management director of Altisource Portfolio Solutions S.A. (the "Issuer") for the 2026-2027 service year. Each RSU represents a contingent right to receive one share of common stock ("Shares"). The RSUs will vest on the date of the Issuer's 2027 Annual General Meeting of Shareholders, provided that Ms. Hickok attends at least 75% of all Board (as defined herein) and committee meetings on which she serves. All income derived in connection with Ms. Hickok's service as a director on the Issuer's board of directors ("Board") belongs, in economic terms, to STS Master Fund, Ltd. Ms. Hickok has no right to any compensation received in connection with her service on the Issuer's Board and does not have any pecuniary interest in the Shares reported herein. These securities are held for the account of STS Master Fund, Ltd. Deer Park serves as investment adviser to STS Master Fund, Ltd. These securities are held for the account of Deer Park 1850 Fund, LP. Deer Park serves as investment adviser to Deer Park 1850 Fund, LP. Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Each of Deer Park Road Corporation ("DPRC") and AgateCreek LLC ("AgateCreek") is a member of DPRM. Michael Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the majority owner of DPRC. Scott Edward Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.
Key Figures
RSU grant size: 19,215 RSUs
RSU grant price: $0.0000 per share
Indirect shares after main transaction: 11,966,106 shares
+1 more
4 metrics
RSU grant size
19,215 RSUs
Compensation for 2026–2027 Altisource board service year
RSU grant price
$0.0000 per share
Reported price per share for RSU grant
Indirect shares after main transaction
11,966,106 shares
Total common shares indirectly held following RSU-related entry
Additional indirect holding
89,537 shares
Separate indirect common stock holding reported as of May 21, 2026
Key Terms
restricted share units, pecuniary interest, investment adviser, ten percent owner, +1 more
5 terms
pecuniary interest financial
"does not have any pecuniary interest in the Shares reported herein"
investment adviser financial
"Deer Park serves as investment adviser to STS Master Fund, Ltd."
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
ten percent owner regulatory
"is_ten_percent_owner": 1, "other": "See Remarks""
FAQ
What insider transaction did Altisource (ASPS) report in this Form 4?
Altisource reported a grant of 19,215 restricted share units (RSUs) to a Deer Park managing director serving on its board. The RSUs are compensation for the 2026–2027 service year and each RSU represents one share of common stock upon vesting.
Who ultimately benefits economically from the 19,215 RSUs reported for Altisource (ASPS)?
The economic benefit from the 19,215 RSUs belongs to STS Master Fund, Ltd., not the individual director. Deer Park Road Management Company, LP serves as investment adviser to STS Master Fund, and the director has no pecuniary interest in the reported shares.
When do the 19,215 Altisource (ASPS) RSUs reported in the Form 4 vest?
The 19,215 RSUs vest on the date of Altisource’s 2027 Annual General Meeting of Shareholders. Vesting requires the director to attend at least 75% of all board and committee meetings on which she serves during the 2026–2027 service year.