CPSS president exercises options and gifts shares

CONSUMER PORTFOLIO SERVICES, INC.

Rhea-AI Filing Summary

CONSUMER PORTFOLIO SERVICES, INC. President Michael T. Lavin reported several equity transactions on August 6, 2026. He exercised stock options covering 90,000 shares at $3.53 per share and 45,829 shares at $2.47 per share, receiving the same number of common shares. A portion of the exercised shares, 36,525, was delivered or withheld at $9.57 per share to pay the option exercise price and related tax liability through a net exercise, leaving 24,828 shares from that option. In addition, Lavin made a bona fide gift of 99,304 common shares from his direct holdings, and a corresponding 99,304 shares were acquired indirectly by the MTRB Lavin Living Trust, which held 504,119 shares after the gift.

Insider Trade Summary

135,829 shares exercised/converted

Exercise 8 txns

Insider Lavin Michael T.

Role President

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy) F3, F2	90,000	--	--
Exercise	Stock Option (right to buy) F3, F4	45,829	--	--
Exercise	Common Stock, no par value	45,829	$2.47	$113K
Exercise	Common Stock, no par value	28,647	$3.53	$101K
Exercise	Common Stock, no par value	61,353	$3.53	$217K
Exercise Price or Tax Liability	Common Stock, no par value F1	36,525	$9.57	$350K
Gift	Common Stock, no par value	99,304	$0.00	$0.00
Gift	Common Stock, no par value	99,304	$0.00	$0.00

Holdings After Transaction: Stock Option (right to buy) — 104,171 contracts (Direct); Common Stock, no par value — 0 shares (Direct); Common Stock, no par value — 504,119 shares (Indirect, MTRB LAVIN LIVING TRUST)

Footnotes (4)

1. F1. Represents a "net exercise" of outstanding stock options. The reporting person received 24,828 shares of common stock on net exercise of option to purchase 61,353 shares of common stock. The reporting person forfeited 36,525 shares of common stock underlying the option in payment of the exercise price and tax liability using the closing stock price on August 6, 2026 of $9.57 per share.
2. F2. Became exercisable in 4 equal installments on 8/8/2020, 8/8/2021, 8/8/2022, and 8/8/2023.
3. F3. Issued in consideration of the named person's services to the issuer.
4. F4. Original grant of 150,000 shares became exercisable in 4 equal installments on 6/1/2021, 6/1/2022, 6/1/2023, and 6/1/2024.

Key Figures

Options exercised at $3.53: 90,000 shares Options exercised at $2.47: 45,829 shares Net exercise forfeited shares: 36,525 shares +4 more

7 metrics

Options exercised at $3.53 90,000 shares Stock options exercised on August 6, 2026 at $3.53 per share

Options exercised at $2.47 45,829 shares Stock options exercised on August 6, 2026 at $2.47 per share

Net exercise forfeited shares 36,525 shares Shares delivered or withheld at $9.57 per share for exercise price and tax liability

Net shares received from one option 24,828 shares Common shares received on net exercise of option to purchase 61,353 shares

Bona fide gift shares 99,304 shares Common stock transferred as a bona fide gift on August 6, 2026

Trust holdings after gift 504,119 shares Common shares indirectly held by MTRB Lavin Living Trust after gift

Closing price used for net exercise $9.57 per share Closing stock price on August 6, 2026 used to value forfeited shares

Key Terms

net exercise, bona fide gift, Payment of exercise price or tax liability, MTRB LAVIN LIVING TRUST

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.

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"

MTRB LAVIN LIVING TRUST financial

"nature_of_ownership": "MTRB LAVIN LIVING TRUST""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did CPSS President Michael T. Lavin report in this Form 4?

Michael T. Lavin reported two stock option exercises, a net share delivery to cover exercise price and taxes, and a bona fide gift of common stock involving his living trust.

How many CONSUMER PORTFOLIO SERVICES (CPSS) options did Lavin exercise?

Lavin exercised stock options covering 90,000 shares at $3.53 per share and 45,829 shares at $2.47 per share, receiving an equal number of common shares through derivative exercises.

What is the net exercise detail disclosed for CPSS President Lavin?

A footnote states a net exercise of an option for 61,353 shares, yielding 24,828 shares to Lavin while 36,525 shares were forfeited to cover exercise price and tax liability at $9.57 per share.

What bona fide gift of CPSS shares did Lavin make?

Lavin reported a bona fide gift of 99,304 common shares from his direct holdings, with a corresponding 99,304 shares acquired indirectly by the MTRB Lavin Living Trust as part of the same transfer.

How many CPSS shares does the MTRB Lavin Living Trust hold after the gift?

Following the reported bona fide gift, the MTRB Lavin Living Trust is shown holding 504,119 shares of CONSUMER PORTFOLIO SERVICES, INC. common stock, reflecting the indirect ownership position after the transfer.

Were any CPSS shares used to pay taxes or exercise price in this filing?

Yes. The filing reports 36,525 common shares delivered or withheld at $9.57 per share to pay the option exercise price and related tax liability as part of a net option exercise.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/10/2026 - 06:43 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lavin Michael T.

(Last) (First) (Middle)

19500 JAMBOREE RD

SUITE 600

(Street)

IRVINE CALIFORNIA 92612

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CONSUMER PORTFOLIO SERVICES, INC. [ CPSS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, no par value	08/06/2026		M		45,829	A	$2.47	45,829	D
Common Stock, no par value	08/06/2026		M		28,647	A	$3.53	74,476	D
Common Stock, no par value	08/06/2026		M		61,353	A	$3.53	135,829	D
Common Stock, no par value	08/06/2026		F(1)		36,525	D	$9.57	99,304	D
Common Stock, no par value	08/06/2026		G		99,304	D	$0.00	0	D
Common Stock, no par value	08/06/2026		G		99,304	A	$0.00	504,119	I	MTRB LAVIN LIVING TRUST

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$3.53	08/06/2026		M			90,000	(2)	08/08/2026	Common Stock, No Par Value	90,000	(3)	0	D
Stock Option (right to buy)	$2.47	08/06/2026		M			45,829	(4)	06/01/2027	Common Stock, No Par Value	45,829	(3)	104,171	D

Explanation of Responses:

1. Represents a "net exercise" of outstanding stock options. The reporting person received 24,828 shares of common stock on net exercise of option to purchase 61,353 shares of common stock. The reporting person forfeited 36,525 shares of common stock underlying the option in payment of the exercise price and tax liability using the closing stock price on August 6, 2026 of $9.57 per share.

2. Became exercisable in 4 equal installments on 8/8/2020, 8/8/2021, 8/8/2022, and 8/8/2023.

3. Issued in consideration of the named person's services to the issuer.

4. Original grant of 150,000 shares became exercisable in 4 equal installments on 6/1/2021, 6/1/2022, 6/1/2023, and 6/1/2024.

	/s/ Michael T. Lavin	08/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)