UBS unit keeps 23.4% Altisource (ASPS) stake after small sale

Rhea-AI Filing Summary

Credit Investments Group, a business unit of UBS Asset Management (Americas) LLC, filed Amendment No. 2 to its Schedule 13D on Altisource Portfolio Solutions S.A. common stock. The filing reports that client accounts beneficially own 2,689,527 shares of common stock, representing approximately 23.4% of the outstanding class, including Cash Exercise Warrants exercisable for 112,133 shares and Cashless Exercise Warrants exercisable for 112,133 shares.

On January 16, 2026, the client accounts sold 2,108 shares of common stock, described as 0.018% of the outstanding shares. The group states it will continue to evaluate its investment and may buy or sell Altisource securities over time depending on market conditions, the issuer’s prospects, and other factors. The share figures have been retroactively adjusted for a 1-for-8 reverse stock split effective May 28, 2025.

Key Figures

Beneficial ownership: 2,689,527 shares Ownership percentage: 23.4% Recent sale: 2,108 shares +5 more

8 metrics

Beneficial ownership 2,689,527 shares Client accounts’ Altisource common stock including warrant shares

Ownership percentage 23.4% Portion of Altisource common stock class represented by 2,689,527 shares

Recent sale 2,108 shares Altisource common shares sold on January 16, 2026

Issuer shares outstanding 11,278,949 shares Altisource common stock outstanding as of April 17, 2026

Cash Exercise Warrants 112,133 shares Shares of Altisource common stock exercisable under cash warrants

Cashless Exercise Warrants 112,133 shares Shares of Altisource common stock exercisable under cashless warrants

Reverse stock split ratio 1-for-8 Altisource reverse split effective May 28, 2025

Sale fraction of outstanding 0.018% Portion of outstanding common stock represented by 2,108-share sale

Key Terms

beneficially owned, Cash Exercise Warrants, Cashless Exercise Warrants, reverse stock split, +2 more

6 terms

beneficially owned financial

"constituting approximately 23.4% of the outstanding Common Stock, including Cash Exercise Warrants..."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Cash Exercise Warrants financial

"including Cash Exercise Warrants exercisable for 112,133 shares of Common Stock..."

Cashless Exercise Warrants financial

"and Cashless Exercise Warrants exercisable for 112,133 shares of Common Stock."

reverse stock split financial

"retroactively adjusted to give effect to a 1-for-8 reverse stock split of the Common Stock..."

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

Client Accounts financial

"The Client Accounts are the direct holders of an aggregate of 2,689,527 shares of Common Stock..."

Schedule 13D regulatory

"This Amendment No. 2 (this "Amendment") amends and supplements the statement on originally filed..."

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

ALTISOURCE PORTFOLIO SOLUTIONS S.A.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

L0175J104

(CUSIP Number)

Peter C. Gyr
UBS Asset Management (Americas) LLC, 1285 Avenue of the Americas, 11th Floor
New York, NY, 10019
212-713-3123

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

01/16/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): L0175J104

1

Name of reporting person

Credit Investments Group, a distinct business unit of UBS Asset Management (Americas) LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,689,527.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,689,527.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,689,527.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

23.4 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: ALTISOURCE PORTFOLIO SOLUTIONS S.A.
(c)	Address of Issuer's Principal Executive Offices: 33, BOULEVARD PRINCE HENRI, L-1724 LUXEMBOURG CITY, GRAND DUCHY OF LUXEMBOURG, LUXEMBOURG , L-1724.
Item 1 Comment: This Amendment No. 2 (this "Amendment") amends and supplements the statement on Schedule 13D originally filed with the Securities and Exchange Commission (the "SEC") on February 26, 2025 as amended by Amendment No. 1 filed on April 7, 2025 (as amended by this Amendment, the "Schedule 13D") with respect to shares of Common Stock, par value $0.01 per share ("Common Stock"), of the Issuer. Unless indicated otherwise, all items left blank remain unchanged and any items which are reported are deemed to amend and supplement the existing items in the Schedule 13D. Capitalized terms used herein and not otherwise defined in this Amendment shall have the meanings ascribed to them in the Schedule 13D.
Item 2.	Identity and Background
(b)	The business address of the Reporting Person and each Covered Person at UBS Asset Management (Americas) LLC is 1285 Avenue of the Americas, 11th Floor, New York, NY 10019.
Item 4.	Purpose of Transaction
	On January 16, 2026, the Client Accounts sold an aggregate of 2,108 shares of Common Stock (which represents 0.018% of the outstanding shares of Common Stock). The Reporting Person intends to evaluate on an ongoing basis its investment in the Issuer and its options with respect to such investment. Depending on market conditions, an evaluation of the business and the prospect of the Issuer and other factors, the Reporting Person may, in its sole discretion, purchase additional shares of Common Stock, or other securities convertible into or exchangeable for shares of Common Stock, and/or other equity, debt, notes instruments or other securities of the Issuer, dispose of shares of Common Stock or such other securities from time to time in the open market, in privately negotiated transactions or otherwise, and/or otherwise change its intention with respect to any and all matters referred to in this Item 4. Except as set forth herein, the Reporting Person does not have, as of the date of this Schedule 13D, any plans or proposals that relate to or would result in any of the actions or events specified in clauses (a) through (j) of Item 4 of Schedule 13D. However, the Reporting Person reserves the right to adopt such plans or proposals in the future, subject to applicable regulatory requirements, if any.
Item 5.	Interest in Securities of the Issuer
(a)	The Client Accounts are the direct holders of an aggregate of 2,689,527 shares of Common Stock, constituting approximately 23.4% of the outstanding Common Stock, including Cash Exercise Warrants exercisable for 112,133 shares of Common Stock and Cashless Exercise Warrants exercisable for 112,133 shares of Common Stock. The foregoing percentage is calculated based on 11,278,949 shares of Common Stock outstanding as of April 17, 2026 (as reported by the Issuer in the Quarterly Report on Form 10-Q filed with the SEC on April 23, 2026) and an aggregate of 224,266 shares of Common Stock issuable upon exercise of the Warrants. For purposes of the calculations in this Schedule 13D, we have assumed that all of the shares of Common Stock underlying the Cashless Exercise Warrants are beneficially owned; however, the number of shares of Common Stock issuable upon the exercise of Cashless Exercise Warrants will depend on the price of the Common Stock at the time of exercise, and fewer than all of the shares of Common Stock underlying the Cash Exercise Warrants will be issued upon any exercise thereof. The information as to the number of shares of Common Stock (and shares issuable upon exercise of the Warrants) in this Amendment have been retroactively adjusted to give effect to a 1-for-8 reverse stock split of the Common Stock, effective as of May 28, 2025.
(b)	See rows (7) through (10) of the cover page to this Schedule 13D, which are incorporated herein by reference.
(c)	The Client Accounts have not engaged in any transactions in shares of Common Stock during the past sixty days.
(d)	Except for the Client Accounts which are the direct holders of the Shares, no other person is known by the Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any shares of Common Stock that may be beneficially owned by the Reporting Person.
(e)	Not Applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of the Schedule 13D is hereby supplemented by incorporating by reference in its entirety the information set forth in Item 4 above.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Credit Investments Group, a distinct business unit of UBS Asset Management (Americas) LLC

Signature:	/s/ Peter C. Gyr
Name/Title:	Peter C. Gyr / Managing Director, Chief Compliance Officer - UBS Asset Management (Americas) LLC
Date:	05/21/2026

FAQ

How much of Altisource (ASPS) does the UBS Credit Investments Group report owning?

The client accounts advised by Credit Investments Group report beneficial ownership of 2,689,527 Altisource common shares, or about 23.4% of the outstanding class, including shares underlying both cash and cashless exercise warrants.

What recent Altisource (ASPS) share transaction did the UBS client accounts report?

On January 16, 2026, the client accounts sold 2,108 shares of Altisource common stock. The filing describes this sale as representing 0.018% of the issuer’s outstanding common shares at that time.

What warrants tied to Altisource (ASPS) does the UBS unit report?

The filing states that client accounts hold Cash Exercise Warrants exercisable for 112,133 shares and Cashless Exercise Warrants exercisable for 112,133 shares of Altisource common stock, which are included in the reported beneficial ownership.

What share count does the Altisource (ASPS) ownership percentage rely on?

The 23.4% ownership figure is based on 11,278,949 Altisource common shares outstanding as of April 17, 2026, plus 224,266 shares issuable upon warrant exercise, as referenced from the issuer’s Form 10-Q.

How did Altisource’s (ASPS) reverse stock split affect the reported numbers?

All share figures in the amendment were retroactively adjusted for a 1-for-8 reverse stock split of Altisource common stock that became effective on May 28, 2025, to keep the ownership data comparable.

Does the UBS Credit Investments Group plan further changes to its Altisource (ASPS) position?

The reporting person says it will evaluate its Altisource investment on an ongoing basis and may buy additional securities, sell existing holdings, or change its intentions depending on market conditions and the issuer’s prospects.