Altisource CFO gets 37,338 shares on RSU vesting

Altisource Portfolio Solutions Chief Financial Officer Michelle D. Esterman received 37,338 shares of ASPS common stock through the vesting of previously granted restricted share units on February 19, 2026.

Rhea-AI Filing Summary

Altisource Portfolio Solutions Chief Financial Officer Michelle D. Esterman received 37,338 shares of ASPS common stock through the vesting of previously granted restricted share units on February 19, 2026. Of these, 10,085 shares were withheld to cover taxes, and 27,253 shares were delivered to her.

The remaining 74,674 restricted share units from this award are scheduled to vest in two equal installments on February 19, 2027 and February 19, 2028. Each restricted share unit represents a contingent right to receive one share of ASPS common stock.

Insider Trade Summary

37,338 shares exercised/converted

Exercise 3 txns

Insider Esterman Michelle D.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	37,338	$0.00	$0.00
Exercise	Common Stock	37,338	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	10,085	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 74,674 contracts (Direct); Common Stock — 110,032 shares (Direct)

Footnotes (4)

1. F1. Ms. Esterman received 37,338 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 74,674 RSUs from such award are scheduled to vest in two equal installments on the second and third anniversaries of the grant date (i.e., February 19, 2027 and February 19, 2028).
2. F2. Of the 37,338 RSUs that vested, 10,085 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 27,253 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 19, 2026.
3. F3. Includes 22,559 RSUs.
4. F4. Each RSU represents a contingent right to receive one share of ASPS common stock.

FAQ

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

Altisource CFO Michelle Esterman reported vesting of 37,338 previously granted restricted share units into common stock. Part of the vested shares was withheld for taxes, while the remainder was delivered to her, reflecting routine equity compensation under the company’s 2009 Equity Incentive Plan.

How many Altisource (ASPS) shares were delivered to the CFO after tax withholding?

After tax withholding, 27,253 shares of Altisource common stock were delivered to the CFO. From 37,338 vested shares, 10,085 shares were withheld to satisfy tax obligations, leaving the net number of shares actually received as part of her equity compensation award.

How many restricted share units remain to vest for the Altisource (ASPS) CFO?

Following this vesting event, 74,674 restricted share units remain scheduled to vest for the CFO. These will vest in two equal installments on February 19, 2027 and February 19, 2028, continuing her long-term incentive alignment with Altisource’s common shareholders.

What does each restricted share unit represent in the Altisource (ASPS) award?

Each restricted share unit in the Altisource award represents a contingent right to receive one share of ASPS common stock. This means, upon vesting conditions being met, each unit converts into a single share, forming a key component of the executive’s stock-based compensation package.

Was the Altisource (ASPS) CFO’s Form 4 transaction an open-market stock purchase or sale?

The CFO’s Form 4 reflects RSU vesting and related tax withholding, not an open-market purchase or sale. Shares were issued at zero exercise price upon vesting, and a portion was withheld to satisfy tax liabilities, which is standard for equity compensation settlements.

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

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Accepted by SEC EDGAR 02/23/2026 - 09:37 PM EST 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
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 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)
02/19/2026

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		37,338(1)	A	$0.0000	120,117	D
Common Stock	02/19/2026		F		10,085(2)	D	$0.0000	110,032(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	02/19/2026		M			37,338(1)	(1)	(1)	Common Stock	37,338	$0.0000	74,674	D

Explanation of Responses:

1. Ms. Esterman received 37,338 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 74,674 RSUs from such award are scheduled to vest in two equal installments on the second and third anniversaries of the grant date (i.e., February 19, 2027 and February 19, 2028).

2. Of the 37,338 RSUs that vested, 10,085 shares of ASPS common stock were withheld to satisfy the tax withholding obligation, resulting in the delivery of 27,253 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 19, 2026.

3. Includes 22,559 RSUs.

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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