Altisource (ASPS) CEO shifts RSU shares, gifts stock to revocable trust

Rhea-AI Filing Summary

ALTISOURCE PORTFOLIO SOLUTIONS S.A. Chair and CEO William B. Shepro reported equity award activity tied to previously granted restricted share units (RSUs). On February 19, 2026, 103,716 RSUs vested into 103,716 shares of common stock under the Altisource 2009 Equity Incentive Plan.

Of these vested RSUs, 38,374 shares of common stock were withheld to cover tax obligations, and 65,342 shares were delivered to Mr. Shepro. He then transferred 65,342 shares by bona fide gift from his direct ownership to the William B. Shepro Revocable Trust. Following these transactions, he held 12,500 shares of common stock directly and 220,276 shares indirectly through the trust.

The filing also notes that 207,431 RSUs from the same award remain unvested and are scheduled to vest in two installments on February 19, 2027 and February 19, 2028. Each RSU represents a contingent right to receive one share of common stock. No open-market purchases or sales were reported.

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

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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^*

Shepro William B

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chair and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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	02/19/2026		M		103,716(1)	A	$0.0000	116,216	D
Common Stock	02/19/2026		F		38,374(2)	D	$0.0000	77,842	D
Common Stock	02/19/2026		G		65,342(3)	D	$0.0000	12,500	D
Common Stock	02/19/2026		G		65,342(3)	A	$0.0000	220,276	I	William B. Shepro Revocable Trust
Restricted Share Units								12,500	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			103,716(1)(4)	(1)	(1)	Common Stock	103,716	$0.0000	207,431	D

Explanation of Responses:

1. Mr. Shepro received 103,716 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 207,431 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 103,716 RSUs that vested, 38,374 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 65,342 shares of ASPS common stock to Mr. Shepro. The price per share used to determine the tax withholding was the opening price of ASPS common stock on February 19, 2026.

3. Represents a transfer by gift from Mr. Shepro's direct ownership to the William B. Shepro Revocable Trust of 65,342 shares of ASPS common stock acquired upon the vesting of RSUs under the Altisource 2009 Equity Incentive Plan.

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

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	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did ASPS CEO William B. Shepro report?

William B. Shepro reported the vesting of 103,716 restricted share units into common stock, tax withholding of 38,374 shares, and a bona fide gift transfer of 65,342 shares from his direct holdings to the William B. Shepro Revocable Trust, all on February 19, 2026.

How many Altisource (ASPS) RSUs vested for the CEO and what remains unvested?

A total of 103,716 RSUs vested into common shares for the CEO. An additional 207,431 RSUs from the same award remain unvested and are scheduled to vest in two installments on February 19, 2027 and February 19, 2028, subject to the award’s terms.

Were any Altisource (ASPS) shares sold on the open market in this Form 4?

No open-market sales were reported. Shares were issued upon RSU vesting, 38,374 shares were withheld to satisfy tax obligations, and 65,342 shares were transferred as a bona fide gift to the William B. Shepro Revocable Trust, rather than sold for cash.

How did William B. Shepro’s direct and indirect ASPS ownership change?

After the transactions, William B. Shepro directly held 12,500 shares of Altisource common stock and indirectly held 220,276 shares through the William B. Shepro Revocable Trust. The change reflects RSU vesting, tax withholding, and a gift transfer from direct to trust ownership.

What does the tax withholding transaction mean in the ASPS Form 4?

The tax withholding transaction reflects 38,374 shares of Altisource common stock retained to cover withholding taxes on vested RSUs. The value was based on the stock’s opening price on February 19, 2026, and does not represent an open-market sale by the CEO.

What is the significance of the RSUs in Altisource (ASPS) CEO compensation?

Each RSU represents a contingent right to receive one share of Altisource common stock. The vesting of 103,716 RSUs and the remaining 207,431 scheduled to vest in 2027 and 2028 highlight the equity component of the CEO’s long-term incentive compensation under the 2009 Equity Incentive Plan.