Altisource Portfolio Solutions (ASPS) director sells 21,354 stakeholder warrants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALTISOURCE PORTFOLIO SOLUTIONS S.A. director Joseph L. Morettini reported open-market sales of a total of 21,354 derivative warrants linked to ASPS common stock. He sold 18,322 Net Settle Stakeholder Warrants at a weighted-average price of $0.4061 and 3,032 Cash Exercise Stakeholder Warrants at a weighted-average price of $0.2478.
Each Cash Exercise and Net Settle Stakeholder Warrant is exercisable into 0.20313 shares of ASPS common stock. After these transactions, he continued to hold 133,350 Net Settle Stakeholder Warrants and 148,541 Cash Exercise Stakeholder Warrants directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 21,354 shares ($8,192)
Net Sell
2 txns
Insider
MORETTINI JOSEPH L
Role
null
Sold
21,354 shs ($8K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Net Settle Stakeholder Warrants (ASPSW) | 18,322 | $0.4061 | $7K |
| Sale | Cash Exercise Stakeholder Warrants (ASPSZ) (Right to Buy) | 3,032 | $0.2478 | $751.33 |
Holdings After Transaction:
Net Settle Stakeholder Warrants (ASPSW) — 133,350 shares (Direct, null);
Cash Exercise Stakeholder Warrants (ASPSZ) (Right to Buy) — 148,541 shares (Direct, null)
Footnotes (1)
- Reflects an open market sale of 3,032 Altisource Portfolio Solutions S.A. ("ASPS") Cash Exercise Stakeholder Warrants (ASPSZ) in multiple transactions at prices ranging from $0.2453 to $0.2533 per warrant, resulting in a weighted-average sale price of $0.2478 per warrant. The reporting person undertakes to provide full information regarding the number of warrants sold at each separate price upon request by the SEC staff or a security holder of the issuer. Each Cash Exercise Stakeholder Warrant is exercisable into 0.20313 shares of ASPS Common Stock. Reflects an open market sale of 18,322 Altisource Portfolio Solutions S.A. Net Settle Stakeholder Warrants (ASPSW) in multiple transactions at prices ranging from $0.3921 to $0.4156 per warrant, resulting in a weighted-average sale price of $0.4061 per warrant. The reporting person undertakes to provide full information regarding the number of warrants sold at each separate price upon request by the SEC staff or a security holder of the issuer. Each Net Settle Stakeholder Warrant is exercisable into 0.20313 shares of ASPS Common Stock.
Key Figures
Total warrants sold: 21,354 warrants
Net Settle warrants sold: 18,322 warrants
Cash Exercise warrants sold: 3,032 warrants
+4 more
7 metrics
Total warrants sold
21,354 warrants
Combined open-market sales of ASPSZ and ASPSW derivative warrants
Net Settle warrants sold
18,322 warrants
Open-market sale at weighted-average $0.4061 per warrant
Cash Exercise warrants sold
3,032 warrants
Open-market sale at weighted-average $0.2478 per warrant
Cash Exercise warrants held after sale
148,541 warrants
Director’s remaining Cash Exercise Stakeholder Warrants
Net Settle warrants held after sale
133,350 warrants
Director’s remaining Net Settle Stakeholder Warrants
Cash Exercise warrant conversion ratio
0.20313 shares per warrant
Each Cash Exercise Stakeholder Warrant into ASPS common stock
Net Settle warrant conversion ratio
0.20313 shares per warrant
Each Net Settle Stakeholder Warrant into ASPS common stock
Key Terms
Cash Exercise Stakeholder Warrants, Net Settle Stakeholder Warrants, weighted-average sale price, exercisable into 0.20313 shares, +1 more
5 terms
Cash Exercise Stakeholder Warrants financial
"Reflects an open market sale of 3,032 Altisource Portfolio Solutions S.A. ("ASPS") Cash Exercise Stakeholder Warrants (ASPSZ)"
Net Settle Stakeholder Warrants financial
"Reflects an open market sale of 18,322 Altisource Portfolio Solutions S.A. Net Settle Stakeholder Warrants (ASPSW)"
weighted-average sale price financial
"in multiple transactions at prices ranging from $0.2453 to $0.2533 per warrant, resulting in a weighted-average sale price of $0.2478 per warrant"
open market sale financial
"Reflects an open market sale of 3,032 Altisource Portfolio Solutions S.A. ("ASPS") Cash Exercise Stakeholder Warrants"
An open market sale is when a company or a shareholder sells shares through the regular stock market to any willing buyer, using ordinary exchange trading rather than private deals. It matters to investors because it increases the number of shares available and can push the price down or change ownership balance—think of it like someone putting extra items on a supermarket shelf for any shopper to buy, which can lower the item's price if supply suddenly grows.
FAQ
What insider transactions did ASPS director Joseph L. Morettini report?
Joseph L. Morettini reported two open-market warrant sales totaling 21,354 derivative securities. He sold 18,322 Net Settle Stakeholder Warrants at $0.4061 each and 3,032 Cash Exercise Stakeholder Warrants at $0.2478 each, all directly owned and linked to Altisource common stock.
What types of derivative securities did the ASPS insider sell?
The insider sold Cash Exercise Stakeholder Warrants (ASPSZ) and Net Settle Stakeholder Warrants (ASPSW). These are derivative securities that give the right to acquire Altisource common stock rather than common shares themselves, and both series are exercisable into 0.20313 shares of common stock per warrant.
How many Altisource stakeholder warrants were sold in each transaction?
The Form 4 shows a sale of 3,032 Cash Exercise Stakeholder Warrants and a separate sale of 18,322 Net Settle Stakeholder Warrants. Together, these open-market transactions reduced the director’s derivative position by 21,354 warrants tied to Altisource common stock.
What prices did Altisource director Joseph L. Morettini receive for the warrants?
The Cash Exercise Stakeholder Warrants were sold in multiple trades between $0.2453 and $0.2533, with a weighted-average price of $0.2478 per warrant. The Net Settle Stakeholder Warrants traded between $0.3921 and $0.4156, with a weighted-average price of $0.4061 per warrant.
How many Altisource warrants does the insider hold after these sales?
Following the reported warrant sales, the director holds 148,541 Cash Exercise Stakeholder Warrants and 133,350 Net Settle Stakeholder Warrants. These continuing holdings mean he still retains a sizable derivative exposure to Altisource common stock through both warrant series.
What do the Form 4 footnotes reveal about the ASPS warrant sales?
The footnotes explain each sale occurred in multiple open-market transactions within stated price ranges and provide weighted-average sale prices. They also state that each Cash Exercise and Net Settle Stakeholder Warrant is exercisable into 0.20313 shares of Altisource common stock.