CPSS senior VP exercises options, sells 7,000 shares
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Consumer Portfolio Services senior vice president Noel Jackson exercised stock options to acquire 7,000 shares of common stock at $3.53 per share and, on the same date, sold 7,000 shares of common stock in an open-market transaction at an average price of $9.6295 per share.
Insider Trade Summary
Exercise and Sale: 7,000 shares ($43K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Jackson Noel
Role
Sr. Vice President
Sold
7,000 shs ($67K)
Approx. gross sale proceeds
$67K
Approx. exercise cost
$25K
Approx. pre-tax spread
$43K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 7,000 | $0.00 | $0.00 |
| Exercise | Common Stock, no par value | 7,000 | $3.53 | $25K |
| Sale | Common Stock, no par value | 7,000 | $9.6295 | $67K |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Common Stock, no par value — 0 shares (Direct)
Footnotes (3)
- F1. Represents an exercise of a stock option with a subsequent sale of the underlying shares of common stock.
- F2. Original grant of 30,000 options became exercisable in 4 equal installments of 7,500 shares on 08/08/2020, 08/08/2021, 08/08/2022 and 08/08/2023.
- F3. Issued in consideration of the named person's services to the issuer.
Key Figures
Shares sold: 7,000 shares
Sale price: $9.6295 per share
Options exercised: 7,000 shares
+3 more
6 metrics
Shares sold
7,000 shares
Open-market sale of common stock
Sale price
$9.6295 per share
Average price for 7,000 shares sold
Options exercised
7,000 shares
Stock options converted into common stock
Exercise price
$3.53 per share
Stock option exercise price for 7,000 shares
Net share change
-7,000 shares
Net buy/sell direction reported as net-sell
Original option grant
30,000 options
Grant vesting in four 7,500-share installments
Key Terms
open-market sale, Stock Option (right to buy), exercise of a stock option, derivative security
4 terms
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Stock Option (right to buy) financial
"Security title listed as Stock Option (right to buy)"
exercise of a stock option financial
"Represents an exercise of a stock option with a subsequent sale"
derivative security financial
"Exercise or conversion of derivative security"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CPSS executive Noel Jackson report?
Noel Jackson reported exercising stock options and selling common shares. He exercised options for 7,000 Consumer Portfolio Services shares at $3.53 and sold 7,000 shares in an open-market transaction at an average price of $9.6295, according to the Form 4 filing.
At what price did Noel Jackson exercise CPSS stock options?
Noel Jackson exercised stock options at $3.53 per share for 7,000 Consumer Portfolio Services shares. These options were originally part of a 30,000-share grant that vested in four equal installments over several years, according to the disclosed footnote information.
What type of transaction is indicated by code M in Noel Jackson’s CPSS filing?
Transaction code M in Noel Jackson’s filing indicates an exercise or conversion of a derivative security. In this case, it reflects exercising stock options for 7,000 underlying Consumer Portfolio Services common shares at a conversion or exercise price of $3.53 per share.
What does the Form 4 say about Noel Jackson’s CPSS stock options grant?
The Form 4 footnotes state the original grant was 30,000 options. These became exercisable in four equal 7,500-share installments on August 8 of 2020, 2021, 2022, and 2023, reflecting a multi-year vesting schedule for Jackson’s Consumer Portfolio Services equity compensation.
How were Noel Jackson’s CPSS stock options originally issued?
The stock options were issued in consideration of Noel Jackson’s services to Consumer Portfolio Services. This means they were part of his compensation package, aligning his interests with shareholders by granting the right to buy common shares at a fixed exercise price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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