Altisource (NASDAQ: ASPS) grants CFO 23,717 time-based RSUs

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Esterman Michelle D. reported acquisition or exercise transactions in this Form 4 filing.

ALTISOURCE PORTFOLIO SOLUTIONS S.A. reported that Chief Financial Officer Michelle D. Esterman received a grant of 23,717 time-based restricted stock units (RSUs), each representing a contingent right to one share of common stock, under the 2025 Annual Incentive Plan. According to the award terms, 70% of these RSUs vest on February 24, 2027, and the remaining 30% vest on May 21, 2028. Following this grant, she directly holds 131,907 shares of common stock, which include 28,229 unvested RSUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Esterman Michelle D.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	23,717	$0.00	--

Holdings After Transaction: Common Stock — 131,907 shares (Direct, null)

Footnotes (1)

Represents an award of time-based restricted stock units ("RSUs") granted to Ms. Esterman pursuant to the Company's 2025 Annual Incentive Plan. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest as follows: 70% of the RSUs will vest on February 24, 2027, and the remaining 30% of the RSUs will vest on the second anniversary of the grant date (i.e., May 21, 2028). All terms will be governed by the 2009 Equity Incentive Plan and applicable award agreement. Includes 28,229 unvested RSUs.

Key Figures

RSU award size: 23,717 RSUs Holding after transaction: 131,907 shares Unvested RSUs included: 28,229 RSUs +3 more

6 metrics

RSU award size 23,717 RSUs Time-based RSUs granted to CFO on May 21, 2026

Holding after transaction 131,907 shares Total common shares directly held after RSU grant

Unvested RSUs included 28,229 RSUs Unvested restricted stock units included in post-grant holdings

First vesting tranche 70% of RSUs Vests on February 24, 2027

Second vesting tranche 30% of RSUs Vests on May 21, 2028

Grant price per RSU $0.00 per unit Stock-based compensation grant, not an open-market purchase

Key Terms

restricted stock units, 2025 Annual Incentive Plan, 2009 Equity Incentive Plan

3 terms

restricted stock units financial

"Represents an award of time-based restricted stock units ("RSUs") granted to Ms. Esterman"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2025 Annual Incentive Plan financial

"RSUs granted to Ms. Esterman pursuant to the Company's 2025 Annual Incentive Plan"

2009 Equity Incentive Plan financial

"All terms will be governed by the 2009 Equity Incentive Plan and applicable award agreement"

Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 03:28 PM

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^*

Esterman Michelle D.

(Last)

(First)

(Middle)

C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A.

33, BOULEVARD PRINCE HENRI

(Street)

LUXEMBOURG

L-1724

(City)

(State)

(Zip)

LUXEMBOURG

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/21/2026		A		23,717⁽¹⁾	A	$0.0000	131,907⁽²⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents an award of time-based restricted stock units ("RSUs") granted to Ms. Esterman pursuant to the Company's 2025 Annual Incentive Plan. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest as follows: 70% of the RSUs will vest on February 24, 2027, and the remaining 30% of the RSUs will vest on the second anniversary of the grant date (i.e., May 21, 2028). All terms will be governed by the 2009 Equity Incentive Plan and applicable award agreement.

2. Includes 28,229 unvested RSUs.

	/s/ Teresa L. Szupello, Attorney-in-Fact	05/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Altisource (ASPS) report for CFO Michelle Esterman?

Altisource reported that CFO Michelle D. Esterman received a grant of 23,717 time-based restricted stock units. Each RSU represents a contingent right to one share of common stock under the company’s 2025 Annual Incentive Plan, reflecting stock-based compensation rather than an open-market purchase.

How many Altisource (ASPS) shares does the CFO hold after this Form 4 transaction?

After the grant, CFO Michelle D. Esterman directly holds 131,907 shares of Altisource common stock. This total includes 28,229 unvested restricted stock units, which will convert into shares only as they vest under the specified future vesting schedule.

What are the vesting terms of the 23,717 RSUs granted to the Altisource (ASPS) CFO?

The 23,717 RSUs granted to the CFO vest in two stages. Seventy percent of the award vests on February 24, 2027, and the remaining 30% vests on May 21, 2028, provided the time-based vesting conditions of the incentive and equity plans are satisfied.

Under which plans were the new Altisource (ASPS) RSUs granted to the CFO?

The RSU grant was made under Altisource’s 2025 Annual Incentive Plan, with all terms governed by the company’s 2009 Equity Incentive Plan and the applicable award agreement. These plans define eligibility, vesting schedules, and other conditions for equity-based compensation awards.

Are the newly granted Altisource (ASPS) RSUs an open-market purchase by the CFO?

No, the 23,717 RSUs represent a grant of stock-based compensation to the CFO at a stated price of zero per unit. They are contingent rights to receive common shares in the future, rather than an open-market purchase of existing shares on a stock exchange.