Consumer Portfolio Services SVP exercises 5,000 options
Consumer Portfolio Services, Inc. senior vice president Lisette Reynoso exercised employee stock options and received net common shares.
Rhea-AI Filing Summary
Consumer Portfolio Services, Inc. senior vice president Lisette Reynoso exercised employee stock options and received net common shares. She exercised options for 5,000 shares of common stock at an exercise price of $3.53 per share. This option grant, originally for 20,000 options vesting in four annual installments, is now fully exercised. The transaction was structured as a net exercise: Reynoso acquired 5,000 shares and then forfeited 1,839 shares, valued at the $9.60 August 3, 2026 closing price, to cover the exercise price and tax obligations, resulting in 3,161 shares of common stock delivered to her. The options were issued as compensation for services to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,000 shares exercised/converted
Exercise
3 txns
Insider
Reynoso Lisette
Role
Sr. Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F3, F2 | 5,000 | -- | -- |
| Exercise | Common Stock, no par value | 5,000 | $3.53 | $18K |
| Exercise Price or Tax Liability | Common Stock, no par value F1 | 1,839 | $9.60 | $18K |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Common Stock, no par value — 5,797 shares (Direct)
Footnotes (3)
- F1. Represents a "net exercise" of outstanding stock options. The reporting person received 3,161 shares of common stock on net exercise of option to purchase 5,000 shares of common stock. The reporting person forfeited 1,839 shares of common stock underlying the option in payment of the exercise price and tax liability, using the closing stock price on August 3, 2026 of $9.60 per share.
- F2. Original grant of 20,000 options became exercisable in 4 equal installments on 8/8/2020, 8/8/2021, 8/8/2022, and 8/8/2023.
- F3. Issued in consideration of the named person's services to the issuer.
Key Figures
Options exercised: 5,000 shares
Exercise price: $3.53 per share
Shares received on net exercise: 3,161 shares
+3 more
6 metrics
Options exercised
5,000 shares
Stock options exercised by Lisette Reynoso on August 3, 2026
Exercise price
$3.53 per share
Exercise price for the 5,000 stock options
Shares received on net exercise
3,161 shares
Common shares delivered after withholding for exercise price and taxes
Shares forfeited for price and taxes
1,839 shares
Common shares withheld to pay exercise price and tax liability
Valuation price for withholding
$9.60 per share
Closing stock price on August 3, 2026 used to value 1,839 forfeited shares
Original option grant size
20,000 options
Grant became exercisable in four equal installments from 2020 to 2023
Key Terms
net exercise, stock option, exercise price, tax liability, +1 more
5 terms
net exercise financial
"Represents a "net exercise" of outstanding stock options."
A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.
stock option financial
"Represents a "net exercise" of outstanding stock options."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"in payment of the exercise price and tax liability, using the closing stock price"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
tax liability financial
"in payment of the exercise price and tax liability, using the closing stock price"
Common Stock, no par value financial
"security_title": "Common Stock, no par value""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CPSS executive Lisette Reynoso report on this Form 4?
Lisette Reynoso reported exercising 5,000 stock options for Consumer Portfolio Services (CPSS) common stock at an exercise price of $3.53 per share, using a net exercise that delivered 3,161 shares after shares were withheld for the exercise price and taxes.
At what prices were Lisette Reynoso’s CPSS Form 4 transactions reported?
The stock options were exercised at an exercise price of $3.53 per share. For the net exercise withholding, $9.60 per share was used, matching the CPSS closing stock price on August 3, 2026 to value the 1,839 forfeited shares.
What was the size and structure of the original CPSS option grant to Lisette Reynoso?
The original grant covered 20,000 stock options, which became exercisable in four equal installments on 8/8/2020, 8/8/2021, 8/8/2022, and 8/8/2023. The current Form 4 reflects exercise of the remaining 5,000 options from this grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
