Consumer Portfolio Services (CPSS) CEO exercises 300,000 stock options
Rhea-AI Filing Summary
Consumer Portfolio Services CEO Charles E. Bradley Jr exercised stock options covering 300,000 shares of common stock at an exercise price of $3.53 per share, converting them into common stock. Following this transaction, he directly holds 4,224,545 shares of common stock. The option grant, issued as consideration for services and vesting in four equal annual installments beginning August 8, 2020, has now been fully exercised and the related option position is eliminated.
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Insights
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Insider Trade Summary
Net Buyer: 300,000 shares
Net Buy
2 txns
Insider
BRADLEY CHARLES E JR
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F2, F1 | 300,000 | -- | -- |
| Exercise | Common Stock, no par value | 300,000 | $3.53 | $1.06M |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Common Stock, no par value — 4,224,545 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: 300,000 shares
Exercise Price: $3.53 per share
Shares Held After: 4,224,545 shares
+2 more
5 metrics
Options Exercised
300,000 shares
Stock options converted into common stock
Exercise Price
$3.53 per share
Exercise price of stock options
Shares Held After
4,224,545 shares
Direct common stock ownership after transactions
Option Expiration Date
2026-08-08
Expiration date of exercised option grant
Vesting Schedule Installments
4 installments
Options vested annually starting August 8, 2020
Key Terms
Stock Option (right to buy), Exercise or conversion of derivative security, Common Stock, no par value, exercisable in 4 equal installments
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"
exercisable in 4 equal installments financial
"Became exercisable in 4 equal installments on 8/8/2020"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did CPSS CEO Charles E. Bradley Jr do in this Form 4 transaction?
Charles E. Bradley Jr exercised stock options for 300,000 shares of Consumer Portfolio Services common stock at $3.53 per share, converting options into shares and increasing his direct common stock holdings to 4,224,545 shares after the transaction.
What was the size and strike price of the CPSS options exercised?
The transaction involved stock options covering 300,000 shares of Consumer Portfolio Services common stock with an exercise price of $3.53 per share. These options were fully exercised, eliminating the remaining option position tied to this specific grant.
When did the CPSS stock options exercised by the CEO vest?
The stock options exercised by Charles E. Bradley Jr became exercisable in four equal installments on August 8, 2020, August 8, 2021, August 8, 2022, and August 8, 2023, according to the footnote describing the vesting schedule.
What happened to the CPSS stock option position after the exercise?
The reported option grant covered 300,000 shares and, after exercise, the remaining option balance for this grant is 0. The derivative position labeled "Stock Option (right to buy)" was fully converted into common stock and no longer remains outstanding.