Consumer Portfolio Services (CPSS) executive nets shares after 30K option exercise
Rhea-AI Filing Summary
Consumer Portfolio Services senior vice president Michele L. Baumeister exercised a stock option for 30,000 shares of common stock at $3.53 per share on August 4, 2026. Through a net exercise, she received 15,829 shares and forfeited 14,171 shares to cover the exercise price and tax liability, valued at $9.31 per share.
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Insider Trade Summary
Net Buyer: 15,829 shares
Net Buy
3 txns
Insider
Baumeister Michele L
Role
Sr. Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F3, F2 | 30,000 | -- | -- |
| Exercise | Common Stock, no par value | 30,000 | $3.53 | $106K |
| Exercise Price or Tax Liability | Common Stock, no par value F1 | 14,171 | $9.31 | $132K |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Common Stock, no par value — 79,728 shares (Direct)
Footnotes (3)
- F1. Represents a "net exercise" of outstanding stock options. The reporting person received 15,829 shares of common stock on net exercise of option to purchase 30,000 shares of common stock. The reporting person forfeited 14,171 shares of common stock underlying the option in payment of the exercise price and tax liability, using the closing stock price on August 4, 2026 of $9.31 per share.
- F2. Became exercisable in 4 equal installments of 7,500 shares 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: 30,000 shares
Exercise price: $3.53 per share
Shares withheld for exercise price and taxes: 14,171 shares
+3 more
6 metrics
Options exercised
30,000 shares
Stock Option (right to buy) exercised on August 4, 2026
Exercise price
$3.53 per share
Exercise price of the 30,000-share stock option
Shares withheld for exercise price and taxes
14,171 shares
Common stock delivered to pay exercise price and tax liability
Valuation price for withheld shares
$9.31 per share
Closing stock price on August 4, 2026 used to value 14,171 forfeited shares
Net shares received
15,829 shares
Common shares received by Baumeister from the net option exercise
Option expiration date
2026-08-08
Expiration date of the exercised stock option
Key Terms
net exercise, Stock Option (right to buy, exercise price, tax liability
4 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 (right to buy financial
"Security titled "Stock Option (right to buy)" was exercised."
exercise price financial
"Forfeited 14,171 shares of common stock underlying the option in payment of the exercise 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
"Shares were forfeited in payment of the exercise price and tax liability."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did CPSS executive Michele L. Baumeister report?
Michele L. Baumeister exercised a stock option for 30,000 shares of Consumer Portfolio Services common stock at $3.53 per share. In a net exercise, she received 15,829 shares and forfeited 14,171 shares to satisfy the exercise price and related tax liability.
What prices were used in Baumeister’s CPSS option and tax-withholding transactions?
The stock option had an exercise price of $3.53 per share for 30,000 shares. For the 14,171 shares forfeited to cover the exercise price and tax liability, the company used the $9.31 closing stock price on August 4, 2026 to value those shares.
What were the terms of Baumeister’s CPSS stock option that was exercised?
The exercised Consumer Portfolio Services option covered 30,000 shares at an exercise price of $3.53 per share and was set to expire on 2026-08-08. It became exercisable in four equal installments of 7,500 shares on August 8 of 2020, 2021, 2022, and 2023.
How was the CPSS option exercise characterized in the filing for Baumeister?
The transaction is described as a “net exercise” of outstanding stock options. Baumeister received 15,829 shares on exercising the right to purchase 30,000 shares and forfeited 14,171 shares of common stock to pay the exercise price and associated tax liability.