Altisource CFO gets shares from RSU vesting

ALTISOURCE PORTFOLIO SOLUTIONS S.A.

Rhea-AI Filing Summary

ALTISOURCE PORTFOLIO SOLUTIONS S.A. Chief Financial Officer Michelle D. Esterman reported equity award activity tied to restricted share units rather than open-market trading. She received 2,224 shares of common stock upon vesting of previously granted time-based RSUs under the 2024 Long Term Incentive Plan and 2023 Annual Incentive Plan, with 540 shares withheld to cover taxes and 1,684 shares delivered. An additional 796 shares vested from earlier RSU awards, and 794 RSUs from that grant are scheduled to vest on February 20, 2027. After these transactions, she directly owns 111,716 shares of common stock and 22,559 RSUs, each representing a contingent right to one share.

Insider Trade Summary

2,224 shares exercised/converted

Exercise 4 txns

Insider Esterman Michelle D.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	796	$0.00	$0.00
Exercise	Restricted Share Units	1,428	$0.00	$0.00
Exercise	Common Stock	2,224	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	540	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 794 contracts (Direct); Common Stock — 111,716 shares (Direct)

Footnotes (6)

1. F1. Ms. Esterman received 2,224 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. F2. Of the 2,224 RSUs that vested, 540 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 1,684 shares of ASPS common stock to Ms. Esterman. The price per share used to determine the tax withholding was the opening price of ASPS common stock on February 20, 2026.
3. F3. Includes 22,559 RSUs.
4. F4. Each RSU represents a contingent right to receive one share of ASPS common stock.
5. F5. Ms. Esterman 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. F6. Represents the final vesting of time-based RSUs granted to Ms. Esterman on February 20, 2024 pursuant to the 2023 AIP.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did ASPS CFO Michelle Esterman report in this Form 4 filing?

Michelle Esterman reported vesting of restricted share units that delivered Altisource common stock. The activity reflects equity compensation awards converting into shares, with some stock withheld to satisfy tax obligations, rather than open-market purchases or sales of existing holdings.

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

The CFO received 2,224 Altisource common shares from time-based RSU vesting, plus 796 shares from earlier RSU awards. Of the 2,224 shares, 540 were withheld for taxes and 1,684 shares were delivered to her account as part of incentive plan awards.

Were any ASPS shares sold by the CFO in this Form 4?

The filing shows no open-market sales by the CFO. Instead, 540 shares were disposed of automatically to satisfy tax withholding obligations upon RSU vesting, which is coded as a tax-withholding disposition rather than a discretionary decision to sell shares in the market.

What is Michelle Esterman’s Altisource share ownership after these transactions?

After these transactions, Michelle Esterman directly owns 111,716 shares of Altisource common stock. In addition, she holds 22,559 restricted share units, each representing a contingent right to receive one share, providing potential future share delivery as vesting conditions are met.

What future RSU vesting is scheduled for the ASPS CFO?

The filing notes that 794 RSUs granted to the CFO are scheduled to vest on February 20, 2027. These time-based restricted share units come from a prior award under company equity plans and, upon vesting, are expected to convert into additional Altisource common shares.

Which incentive plans governed the ASPS CFO’s RSU vesting in this report?

The RSU vesting reported here stems from the 2024 Long Term Incentive Plan, the 2023 Annual Incentive Plan, and an award under the 2009 Equity Incentive Plan. These plans grant time-based RSUs that convert into Altisource common stock as vesting milestones are reached.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/24/2026 - 05:57 PM Learn about SEC filing dates

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
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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^*

Esterman Michelle D.

(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 Financial 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		2,224(1)	A	$0.0000	112,256	D
Common Stock	02/20/2026		F		540(2)	D	$0.0000	111,716(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			1,428(6)	(6)	(6)	Common Stock	1,428	$0.0000	0.0000	D

Explanation of Responses:

1. Ms. Esterman received 2,224 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 2,224 RSUs that vested, 540 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 1,684 shares of ASPS common stock to Ms. Esterman. The price per share used to determine the tax withholding was the opening price of ASPS common stock on February 20, 2026.

3. Includes 22,559 RSUs.

4. Each RSU represents a contingent right to receive one share of ASPS common stock.

5. Ms. Esterman 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 Ms. Esterman on February 20, 2024 pursuant to the 2023 AIP.

	/s/ Teresa L. Szupello, Attorney-in-Fact	02/24/2026
	** Signature of Reporting Person	Date
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