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Altisource (ASPS) CLO Ritts gains stock from RSU vesting, tax withholding

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(Neutral)
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Form Type
4

Rhea-AI Filing Summary

ALTISOURCE PORTFOLIO SOLUTIONS S.A. Chief Legal/Compliance Officer Gregory J. Ritts reported equity compensation activity tied to restricted share units. On February 20, 2026, he received 1,967 shares of common stock upon vesting of time-based RSUs under the company’s 2024 Long Term Incentive Plan and 2023 Annual Incentive Plan.

Of these 1,967 vested RSUs, 904 shares were withheld to cover tax obligations, and 1,063 shares were delivered to him. He also received 796 shares from another RSU vesting, with 794 RSUs scheduled to vest on February 20, 2027. After these transactions, he directly held 51,526 shares of common stock, and his holdings include 19,666 RSUs, each representing a contingent right to one share.

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Insider RITTS GREGORY J.
Role Chief Legal/Compliance Officer
Type Security Shares Price Value
Exercise Restricted Share Units 796 $0.00 --
Exercise Restricted Share Units 1,171 $0.00 --
Exercise Common Stock 1,967 $0.00 --
Tax Withholding Common Stock 904 $0.00 --
Holdings After Transaction: Restricted Share Units — 794 shares (Direct); Common Stock — 52,430 shares (Direct)
Footnotes (1)
  1. Mr. Ritts received 1,967 shares of Altisource Portfolio Solutions S.A. (the "Company" or "ASPS") common stock upon the vesting of previously granted time-based restricted share units ("RSUs") pursuant to awards under the Company's 2024 Long Term Incentive Plan ("LTIP") and 2023 Annual Incentive Plan ("AIP"). Of the 1,967 RSUs that vested, 904 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 1,063 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 20, 2026. Includes 19,666 RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock. Mr. Ritts received 796 shares of ASPS common stock upon the vesting of previously granted time-based RSUs pursuant to an award under the Company's 2009 Equity Incentive Plan and 2024 LTIP. The remaining 794 RSUs are scheduled to vest on the third anniversary of the grant date (i.e., February 20, 2027). Represents the final vesting of time-based RSUs granted to Mr. Ritts on February 20, 2024 pursuant to the 2023 AIP.
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)
02/20/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 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 02/20/2026 M 1,967(1) A $0.0000 52,430 D
Common Stock 02/20/2026 F 904(2) D $0.0000 51,526(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(4) $0.0000 02/20/2026 M 796(5) (5) (5) Common Stock 796 $0.0000 794 D
Restricted Share Units(4) $0.0000 02/20/2026 M 1,171(6) (6) (6) Common Stock 1,171 $0.0000 0.0000 D
Explanation of Responses:
1. Mr. Ritts received 1,967 shares of Altisource Portfolio Solutions S.A. (the "Company" or "ASPS") common stock upon the vesting of previously granted time-based restricted share units ("RSUs") pursuant to awards under the Company's 2024 Long Term Incentive Plan ("LTIP") and 2023 Annual Incentive Plan ("AIP").
2. Of the 1,967 RSUs that vested, 904 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 1,063 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 20, 2026.
3. Includes 19,666 RSUs.
4. Each RSU represents a contingent right to receive one share of ASPS common stock.
5. Mr. Ritts received 796 shares of ASPS common stock upon the vesting of previously granted time-based RSUs pursuant to an award under the Company's 2009 Equity Incentive Plan and 2024 LTIP. The remaining 794 RSUs are scheduled to vest on the third anniversary of the grant date (i.e., February 20, 2027).
6. Represents the final vesting of time-based RSUs granted to Mr. Ritts on February 20, 2024 pursuant to the 2023 AIP.
/s/ Teresa L. Szupello, Attorney-in-Fact 02/24/2026
** 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

What did ASPS executive Gregory J. Ritts report in this Form 4?

Gregory J. Ritts reported equity awards vesting and related share movements. Time-based restricted share units converted into Altisource common stock, with a portion withheld to cover tax obligations and the remainder delivered to him as part of incentive plan compensation.

How many Altisource (ASPS) shares did Ritts receive from RSU vesting?

Ritts received 1,967 Altisource common shares from vested RSUs on February 20, 2026. These came from awards under the 2024 Long Term Incentive Plan and the 2023 Annual Incentive Plan, reflecting previously granted time-based restricted share units converting into stock.

How many ASPS shares were withheld for taxes from Ritts’ vesting?

From the 1,967 vested RSUs, 904 ASPS shares were withheld for tax obligations. The tax calculation used the opening share price on February 20, 2026, resulting in 1,063 Altisource common shares being delivered to Ritts after satisfying the withholding requirement.

What is Gregory J. Ritts’ Altisource share ownership after these transactions?

After the reported transactions, Ritts directly held 51,526 shares of Altisource common stock. His holdings also include 19,666 restricted share units, each representing a contingent right to receive one additional share of ASPS common stock in the future, subject to vesting.

What future RSU vesting is scheduled for ASPS executive Gregory J. Ritts?

Ritts has 794 restricted share units scheduled to vest on February 20, 2027. These RSUs are part of awards under the company’s 2009 Equity Incentive Plan and 2024 Long Term Incentive Plan, contingent on continued eligibility and plan conditions being satisfied.

How are Altisource (ASPS) restricted share units structured for Ritts?

Each restricted share unit represents a contingent right to receive one ASPS common share. Ritts’ RSUs vest over time under the company’s incentive plans, converting into common stock when vesting conditions are met, sometimes with shares withheld to cover associated tax liabilities.