Consumer Portfolio director exercises 30K options
CONSUMER PORTFOLIO SERVICES, INC. director Daniel S. Wood exercised stock options for 30,000 shares of common stock at an exercise price of $3.53 per share on July 24, 2026.
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Form Type
4
Rhea-AI Filing Summary
CONSUMER PORTFOLIO SERVICES, INC. director Daniel S. Wood exercised stock options for 30,000 shares of common stock at an exercise price of $3.53 per share on July 24, 2026. The transaction was a net exercise, delivering 18,793 shares and forfeiting 11,207 shares to pay the exercise price using the $9.45 closing stock price that day.
Insider Trade Summary
30,000 shares exercised/converted
Exercise
3 txns
Insider
WOOD DANIEL S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F2 | 30,000 | -- | -- |
| Exercise | Common Stock, no par value | 30,000 | $3.53 | $106K |
| Exercise Price Payment | Common Stock, no par value F1 | 11,207 | $9.45 | $106K |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Common Stock, no par value — 213,736 shares (Direct)
Footnotes (2)
- F1. Represents a "net exercise" of outstanding stock options. The reporting person received 18,793 shares of common stock on net exercise of option to purchase 30,000 shares of common stock. The reporting person forfeited 11,207 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on July 24, 2026 of $9.45 per share.
- F2. 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 forfeited for exercise price: 11,207 shares
+2 more
5 metrics
Options exercised
30,000 shares
Stock options for common stock exercised on July 24, 2026
Exercise price
$3.53 per share
Exercise price of the stock options converted into common stock
Shares forfeited for exercise price
11,207 shares
Common shares forfeited to pay the option exercise price at the $9.45 close
Net shares received
18,793 shares
Common shares received on net exercise of options to buy 30,000 shares
Closing price used
$9.45 per share
Closing stock price on July 24, 2026 used to value forfeited shares
Key Terms
net exercise, stock options, exercise price, Common Stock, no par value, +1 more
5 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 options financial
"net exercise of outstanding stock options. The reporting person received 18,793 shares"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
"underlying the option in payment of the exercise price, using the closing stock 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.
Common Stock, no par value financial
"security_title": "Common Stock, no par value""
Payment of exercise price by delivering or withholding securities financial
"transaction_code_description": "Payment of exercise price by delivering or withholding securities""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CPSS director Daniel S. Wood report?
Daniel S. Wood reported exercising 30,000 stock options for CONSUMER PORTFOLIO SERVICES (CPSS) on July 24, 2026. The options converted into common stock through a net exercise, leaving him with 18,793 new shares after forfeiting part of the underlying shares to pay the exercise price.
What prices were used in Daniel S. Wood’s CPSS option exercise?
The stock options carried an exercise price of $3.53 per share. For the net exercise, CPSS used the $9.45 per-share closing stock price on July 24, 2026 to value the 11,207 forfeited shares that were applied toward payment of the exercise price.
How was the net exercise of CPSS options by Daniel S. Wood structured?
The transaction was a net exercise of options to purchase 30,000 CPSS shares. Wood received 18,793 shares of common stock and forfeited 11,207 shares underlying the option to satisfy the exercise price obligation using the company’s stated closing stock price.
Were Daniel S. Wood’s CPSS transactions under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not marked, and no footnote states that the transactions occurred under a trading plan. The reported activity appears as a discretionary net exercise of options rather than a pre-arranged 10b5-1 program, based on the disclosure provided.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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