Executive at Consumer Portfolio Services, Inc. (CPSS) exercises 60,000 stock options
Rhea-AI Filing Summary
CONSUMER PORTFOLIO SERVICES, INC. Executive Vice President Denesh Bharwani exercised stock options for 60,000 shares of common stock on 2026-08-05 at an exercise price of $3.53 per share. The options, issued as compensation and vesting in four annual installments through 2023, were fully exercised, leaving 0 option shares outstanding from this grant and resulting in 361,881 shares of common stock held directly. The transactions were not reported as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 60,000 shares
Net Buy
2 txns
Insider
Bharwani Denesh
Role
Exec. Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F2, F1 | 60,000 | -- | -- |
| Exercise | Common Stock, no par value | 60,000 | $3.53 | $212K |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Common Stock, no par value — 361,881 shares (Direct)
Footnotes (2)
- F1. Became exercisable in 4 equal installments on 8/8/2020, 8/8/2021, 8/8/2022, and 8/8/2023.
- F2. Issued in consideration of the named person's services to the issuer.
Key Figures
Options exercised: 60,000 shares
Exercise price: $3.53 per share
Shares held after: 361,881 shares
+2 more
5 metrics
Options exercised
60,000 shares
Stock Option (right to buy) exercised on 2026-08-05
Exercise price
$3.53 per share
Conversion or exercise price of the stock option grant
Shares held after
361,881 shares
Common stock directly owned by Denesh Bharwani following the exercise
Options remaining from grant
0 shares
Total shares following transaction for this option grant
Option vesting schedule
4 equal installments
Vested on 8/8/2020, 8/8/2021, 8/8/2022, and 8/8/2023
Key Terms
Stock Option (right to buy), Exercise or conversion of derivative security, Common Stock, no par value, Rule 10b5-1 trading plan
4 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Common Stock, no par value financial
"security_title: Common Stock, no par value"
Rule 10b5-1 trading plan regulatory
"The transactions were not reported as made under a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did CPSS executive Denesh Bharwani report in this Form 4 transaction?
Denesh Bharwani, Executive Vice President of CONSUMER PORTFOLIO SERVICES, INC. (CPSS), reported exercising stock options for 60,000 shares of common stock on 2026-08-05, converting a derivative grant into directly held shares at a fixed exercise price.
What are Denesh Bharwani’s CPSS holdings after the reported Form 4 transactions?
After the reported transactions, Denesh Bharwani directly holds 361,881 shares of CONSUMER PORTFOLIO SERVICES, INC. common stock. The specific option grant exercised in this filing now has 0 derivative shares remaining outstanding following the conversion.
Were the CPSS option exercises by Denesh Bharwani under a Rule 10b5-1 plan?
The filing indicates the transactions were not made under a Rule 10b5-1 trading plan, as the document-level 10b5-1 checkbox is marked false, and no footnotes describe any pre-arranged trading arrangement for these option exercises.
What do the footnotes reveal about the CPSS options exercised by Denesh Bharwani?
Footnotes state the options became exercisable in four equal installments on 8/8/2020, 8/8/2021, 8/8/2022, and 8/8/2023, and were issued as consideration for Bharwani’s services to CONSUMER PORTFOLIO SERVICES, INC., confirming their compensation-related nature.
What happened to the specific CPSS option grant after this exercise?
The specific stock option grant for 60,000 shares with a $3.53 exercise price was fully exercised on 2026-08-05, leaving 0 option shares remaining from that grant, while converting into an equivalent number of directly held common shares.