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Altisource (ASPS) CLO gains 16,458 shares after RSU tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ALTISOURCE PORTFOLIO SOLUTIONS S.A. Chief Legal/Compliance Officer Gregory J. Ritts reported equity award activity tied to restricted share units. On February 19, 2026, 31,115 RSUs vested into the same number of shares of common stock under the Altisource 2009 Equity Incentive Plan.

Of those vested shares, 14,657 shares of common stock were withheld to cover tax obligations, and 16,458 shares were delivered to Mr. Ritts. Following these transactions, he directly owned 50,463 shares of common stock, and the reported holdings also include 19,666 RSUs. An additional 62,229 RSUs from the same award are scheduled to vest in two installments on February 19, 2027 and February 19, 2028.

Positive

  • None.

Negative

  • None.
Insider RITTS GREGORY J.
Role Chief Legal/Compliance Officer
Type Security Shares Price Value
Exercise Restricted Share Units 31,115 $0.00 --
Exercise Common Stock 31,115 $0.00 --
Tax Withholding Common Stock 14,657 $0.00 --
Holdings After Transaction: Restricted Share Units — 62,229 shares (Direct); Common Stock — 65,120 shares (Direct)
Footnotes (1)
  1. Mr. Ritts received 31,115 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 62,229 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. Of the 31,115 RSUs that vested, 14,657 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 16,458 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 19, 2026. Includes 19,666 RSUs.
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)
02/19/2026
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 31,115(1) A $0.0000 65,120 D
Common Stock 02/19/2026 F 14,657(2) D $0.0000 50,463(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 $0.0000 02/19/2026 M 31,115(1) (1) (1) Common Stock 31,115 $0.0000 62,229 D
Explanation of Responses:
1. Mr. Ritts received 31,115 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 62,229 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 31,115 RSUs that vested, 14,657 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 16,458 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 19, 2026.
3. Includes 19,666 RSUs.
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.
* 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 insider transaction did Altisource (ASPS) officer Gregory Ritts report?

Gregory J. Ritts reported vesting of 31,115 restricted share units into common stock on February 19, 2026. These RSUs were granted under the Altisource 2009 Equity Incentive Plan and converted into an equal number of Altisource Portfolio Solutions S.A. common shares.

How many Altisource (ASPS) shares did Gregory Ritts actually receive after tax withholding?

After tax withholding, Gregory J. Ritts received 16,458 Altisource common shares from the vesting of 31,115 RSUs. The company withheld 14,657 shares to satisfy tax obligations, using the opening price of ASPS stock on February 19, 2026 to calculate the withholding value.

What are Gregory Ritts’ Altisource (ASPS) share holdings after this Form 4?

Following the reported transactions, Gregory J. Ritts directly held 50,463 shares of Altisource common stock. The reported ownership line also includes 19,666 restricted share units, which represent additional potential future common shares if and when they vest under award terms.

How many Altisource (ASPS) restricted share units remain scheduled to vest for Gregory Ritts?

From the referenced award, 62,229 restricted share units remain scheduled to vest for Gregory J. Ritts. These RSUs are expected to vest in two installments on February 19, 2027 and February 19, 2028, assuming all applicable award conditions continue to be satisfied.

Was the share disposition in Gregory Ritts’ Altisource (ASPS) Form 4 an open-market sale?

The disposition was not an open-market sale. The Form 4 shows 14,657 shares of Altisource common stock were withheld to pay tax obligations related to RSU vesting, coded as a tax-withholding disposition rather than a discretionary sale into the open market.