Consumer Portfolio Services exec exercises 60,000 options
CONSUMER PORTFOLIO SERVICES, INC. executive vice president Teri Robinson exercised 60,000 stock options at $3.53 on August 3, 2026.
Rhea-AI Filing Summary
CONSUMER PORTFOLIO SERVICES, INC. executive vice president Teri Robinson exercised 60,000 stock options at $3.53 on August 3, 2026. She acquired 28,541 shares for cash and 31,459 shares via a net exercise, with 16,412 shares withheld to pay exercise price and taxes using a $9.60 share value. Robinson then moved 43,588 shares by bona fide gift from direct ownership into the Teri Lee Robinson Living Trust, which reported holding 539,393 shares of common stock after the transfer.
Positive
- None.
Negative
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Insider Trade Summary
60,000 shares exercised/converted
Exercise
6 txns
Insider
Robinson Teri
Role
Exec. Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F3, F2 | 60,000 | -- | -- |
| Exercise | Common Stock, no par value | 28,541 | $3.53 | $101K |
| Exercise | Common Stock, no par value | 31,459 | $3.53 | $111K |
| Exercise Price or Tax Liability | Common Stock, no par value F1 | 16,412 | $9.60 | $158K |
| Gift | Common Stock, no par value | 43,588 | $0.00 | $0.00 |
| Gift | Common Stock, no par value | 43,588 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Common Stock, no par value — 0 shares (Direct);
Common Stock, no par value — 539,393 shares (Indirect, Teri Lee Robinson Living Trust)
Footnotes (3)
- F1. Represents a "net exercise" of outstanding stock options. The reporting person received 15,047 shares of common stock on net exercise of option to purchase 31,459 shares of common stock. The reporting person forfeited 16,412 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. 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: 60,000 shares
Shares acquired (cash exercise): 28,541 shares
Shares acquired (net exercise): 31,459 shares
+4 more
7 metrics
Options exercised
60,000 shares
Stock Option (right to buy) exercised on August 3, 2026 at $3.53 per share
Shares acquired (cash exercise)
28,541 shares
Common Stock acquired at $3.53 per share through option exercise
Shares acquired (net exercise)
31,459 shares
Common Stock underlying options exercised at $3.53 per share before withholding
Shares withheld for exercise/taxes
16,412 shares
Forfeited at a $9.60 closing stock price to pay exercise price and tax liability
Net shares received from net exercise
15,047 shares
Shares of common stock received on net exercise of option to purchase 31,459 shares
Gifted shares to trust
43,588 shares
Bona fide gift transferring shares from direct ownership to the Teri Lee Robinson Living Trust
Trust holdings after transfer
539,393 shares
Common Stock held indirectly through the Teri Lee Robinson Living Trust following the gift
Key Terms
Stock Option (right to buy), net exercise, bona fide gift, payment of exercise price or tax liability, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
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.
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
payment of exercise price or tax liability financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering or withholding securities""
closing stock price financial
"using the closing stock price on August 3, 2026 of $9.60 per share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CPSS executive Teri Robinson report on August 3, 2026?
Teri Robinson reported exercising 60,000 stock options at $3.53, acquiring 28,541 shares for cash and 31,459 shares via net exercise. She also had 16,412 shares withheld to cover exercise price and taxes and transferred 43,588 shares as a bona fide gift to her living trust.
How many CPSS stock options did Teri Robinson exercise and at what price?
Robinson exercised 60,000 stock options in Consumer Portfolio Services at an exercise price of $3.53 per share. These options related to common stock that became exercisable in four equal installments between August 2020 and August 2023, according to the vesting footnote.
What is meant by a "net exercise" in Teri Robinson’s CPSS Form 4 filing?
The filing describes a net exercise where Robinson held options for 31,459 shares but received 15,047 shares in stock. The remaining 16,412 shares underlying the option were forfeited to cover the option exercise price and associated tax liabilities using a $9.60 share value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
