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  4. [Form 4] ALTISOURCE PORTFOLIO SOLUTIONS S.A. Insider Trading Activity

Altisource (NASDAQ: ASPS) director sells Stakeholder Warrants in open market

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

Rhea-AI Filing Summary

Altisource Portfolio Solutions director Joseph L. Morettini reported open‑market sales of company warrants. He sold a total of 39,132 Stakeholder Warrants in three transactions, at prices of $0.22, $0.24 and a weighted‑average of $0.4044 per warrant.

The sales involved Cash Exercise Stakeholder Warrants (ASPSZ) and Net Settle Stakeholder Warrants (ASPSW), each exercisable into 0.20313 shares of Altisource common stock. Following these trades, he continues to hold sizable direct warrant positions, including 142,759 ASPSZ warrants and 100,000 ASPSW warrants.

Positive

  • None.

Negative

  • None.
Insider MORETTINI JOSEPH L
Role null
Sold 39,132 shs ($15K)
Type Security Shares Price Value
Sale Cash Exercise Stakeholder Warrants (ASPSZ) (Right to Buy) 1,100 $0.22 $242.00
Sale Cash Exercise Stakeholder Warrants (ASPSZ) (Right to Buy) 4,682 $0.24 $1K
Sale Net Settle Stakeholder Warrants (ASPSW) 33,350 $0.4044 $13K
Holdings After Transaction: Cash Exercise Stakeholder Warrants (ASPSZ) (Right to Buy) — 142,759 shares (Direct, null); Net Settle Stakeholder Warrants (ASPSW) — 100,000 shares (Direct, null)
Footnotes (1)
  1. Reflects an open market sale of Altisource Portfolio Solutions S.A. ("ASPS") Cash Exercise Stakeholder Warrants (ASPSZ) Each Cash Exercise Stakeholder Warrant is exercisable into 0.20313 shares of ASPS Common Stock. Reflects an open market sale of 33,350 ASPS Net Settle Stakeholder Warrants (ASPSW) in multiple transactions at prices ranging from $0.40 to $0.4285 per warrant, resulting in a weighted-average sale price of $0.4044 per warrant. The reporting person undertakes to provide full information regarding the number of warrants sold at each separate price upon request by the SEC staff or a security holder of the issuer. Each Net Settle Stakeholder Warrant is exercisable into 0.20313 shares of ASPS Common Stock.
Total warrants sold 39,132 warrants Aggregate Stakeholder Warrant sales reported in Form 4
ASPSZ sale price $0.22 per warrant Cash Exercise Stakeholder Warrants sale on 2026-05-08
ASPSZ additional sale price $0.24 per warrant Cash Exercise Stakeholder Warrants sale on 2026-05-07
ASPSW weighted-average sale price $0.4044 per warrant Net Settle Stakeholder Warrants open-market sale range $0.40–$0.4285
Post-sale ASPSZ warrants 142,759 warrants Cash Exercise Stakeholder Warrants directly held after sale
Post-sale ASPSW warrants 100,000 warrants Net Settle Stakeholder Warrants directly held after sale
Warrant-to-share ratio 0.20313 shares per warrant Exercise ratio for both ASPSZ and ASPSW warrants
Cash Exercise Stakeholder Warrants financial
"Reflects an open market sale of Altisource Portfolio Solutions S.A. Cash Exercise Stakeholder Warrants (ASPSZ)"
Net Settle Stakeholder Warrants financial
"Reflects an open market sale of 33,350 ASPS Net Settle Stakeholder Warrants (ASPSW) in multiple transactions"
weighted-average sale price financial
"multiple transactions at prices ranging from $0.40 to $0.4285 per warrant, resulting in a weighted-average sale price of $0.4044"
open market sale financial
"Reflects an open market sale of Altisource Portfolio Solutions S.A. Cash Exercise Stakeholder Warrants"
An open market sale is when a company or a shareholder sells shares through the regular stock market to any willing buyer, using ordinary exchange trading rather than private deals. It matters to investors because it increases the number of shares available and can push the price down or change ownership balance—think of it like someone putting extra items on a supermarket shelf for any shopper to buy, which can lower the item's price if supply suddenly grows.
derivative security financial
"Net Settle Stakeholder Warrants (ASPSW) are reported as derivative transactions in the filing"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
MORETTINI JOSEPH L
(Last)(First)(Middle)
1375 PORTMARNOCK DRIVE
(Street)
ALPHARETTA GEORGIA 30005
(City)(State)(Zip)
UNITED STATES
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Cash Exercise Stakeholder Warrants (ASPSZ) (Right to Buy)$0.000005/07/2026S4,682(1)07/25/202504/02/2029Common Stock951.0546(2)$0.24143,859D
Cash Exercise Stakeholder Warrants (ASPSZ) (Right to Buy)$0.000005/08/2026S1,100(1)07/25/202504/02/2029Common Stock223.443(2)$0.22142,759D
Net Settle Stakeholder Warrants (ASPSW)$0.000005/07/2026S33,350(3)07/25/202504/30/2032Common Stock6,774.3855(4)$0.4044100,000D
Explanation of Responses:
1. Reflects an open market sale of Altisource Portfolio Solutions S.A. ("ASPS") Cash Exercise Stakeholder Warrants (ASPSZ)
2. Each Cash Exercise Stakeholder Warrant is exercisable into 0.20313 shares of ASPS Common Stock.
3. Reflects an open market sale of 33,350 ASPS Net Settle Stakeholder Warrants (ASPSW) in multiple transactions at prices ranging from $0.40 to $0.4285 per warrant, resulting in a weighted-average sale price of $0.4044 per warrant. The reporting person undertakes to provide full information regarding the number of warrants sold at each separate price upon request by the SEC staff or a security holder of the issuer.
4. Each Net Settle Stakeholder Warrant is exercisable into 0.20313 shares of ASPS Common Stock.
/s/ Teresa L. Szupello, Attorney-in-Fact05/11/2026
** Signature of Reporting PersonDate
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 did Altisource (ASPS) director Joseph L. Morettini report in this Form 4?

He reported selling Stakeholder Warrants linked to Altisource common stock in open‑market transactions. The filing details three warrant sales totaling 39,132 units, with specific prices and remaining warrant holdings disclosed after the transactions.

How many Altisource Stakeholder Warrants did the director sell, and at what prices?

He sold 39,132 Stakeholder Warrants across three transactions. The reported sale prices were $0.22 and $0.24 per Cash Exercise Stakeholder Warrant and a weighted‑average price of $0.4044 per Net Settle Stakeholder Warrant, based on multiple trades within that price range.

What types of derivative securities were involved in the Altisource (ASPS) Form 4?

The transactions involved Cash Exercise Stakeholder Warrants (ASPSZ) and Net Settle Stakeholder Warrants (ASPSW). Each warrant is a derivative security that can be exercised into Altisource common stock based on a fixed conversion ratio specified in the filing footnotes.

What is the exercise ratio of the Altisource Stakeholder Warrants reported in this filing?

Each Cash Exercise Stakeholder Warrant (ASPSZ) and each Net Settle Stakeholder Warrant (ASPSW) is exercisable into 0.20313 shares of Altisource common stock. This fixed ratio determines how many common shares a holder can receive if they exercise each warrant.

How many Stakeholder Warrants does the Altisource director hold after these sales?

Post‑transaction, the filing shows 142,759 Cash Exercise Stakeholder Warrants (ASPSZ) and 100,000 Net Settle Stakeholder Warrants (ASPSW) directly held. These figures represent continuing derivative positions linked to Altisource common stock after the reported warrant sales.

Were the Altisource (ASPS) warrant sales executed on the open market?

Yes. The Form 4 classifies each transaction with code “S,” described as an open‑market or private sale. Footnotes specifically state that the Cash Exercise and Net Settle Stakeholder Warrant trades were open‑market sales at the reported per‑warrant prices.