Consumer Portfolio Services (CPSS) VP nets shares in option exercise and tax withholding

Rhea-AI Filing Summary

CONSUMER PORTFOLIO SERVICES, INC. senior vice president Susan Ryan reported a compensation-related stock option exercise combined with tax withholding. She exercised options covering 30,000 shares of common stock at an exercise price of $3.53 per share.

According to the footnotes, this was a "net exercise": she received 18,359 shares of common stock and forfeited 11,641 shares to cover the option exercise price and related tax liability, using the $9.60 closing stock price on June 30, 2026. The option, originally granted for services to the company and vesting in four annual installments of 7,500 shares from August 8, 2020 through August 8, 2023, is now fully exercised with no remaining derivative position from this grant.

Insider Trade Summary

30,000 shares exercised/converted

Mixed 3 txns

Insider Ryan Susan

Role Sr. Vice President

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy)	30,000	$0.00	--
Exercise	Common Stock, no par value	30,000	$3.53	$106K
Tax Withholding	Common Stock, no par value	11,641	$9.60	$112K

Holdings After Transaction: Stock Option (right to buy) — 0 shares (Direct, null); Common Stock, no par value — 91,187 shares (Direct, null)

Footnotes (1)

1. Represents a "net exercise" of outstanding stock options. The reporting person received 18,359 shares of common stock on net exercise of option to purchase 30,000 shares of common stock. The reporting person forfeited 11,641 shares of common stock underlying the option in payment of the exercise price and tax liability, using the closing stock price on June 30, 2026 of $9.60 per share. Became exercisable in 4 equal installments of 7,500 shares on 8/8/2020, 8/8/2021, 8/8/2022, and 8/8/2023. Issued in consideration of the named person's services to the issuer.

Key Figures

Options exercised: 30,000 shares Exercise price: $3.53/share Market price used: $9.60/share +3 more

6 metrics

Options exercised 30,000 shares Common stock options exercised by Susan Ryan on June 30, 2026

Exercise price $3.53/share Stock option exercise price for 30,000 CPSS shares

Market price used $9.60/share Closing stock price on June 30, 2026 used for tax/payment

Net shares received 18,359 shares Shares of common stock received on net exercise

Shares forfeited 11,641 shares Shares forfeited to cover exercise price and tax liability

Option expiration August 8, 2026 Expiration date of the exercised stock option grant

Key Terms

net exercise, Stock Option (right to buy), tax liability, derivative security, +1 more

5 terms

net exercise financial

"Represents a "net exercise" of outstanding stock options."

Stock Option (right to buy) financial

"security_title: "Stock Option (right to buy)""

tax liability financial

"in payment of the exercise price and tax liability, using the closing stock price"

derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

consideration of the named person's services financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 02:14 PM Accepted by SEC EDGAR 07/02/2026 - 02:13 PM 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^*

Ryan Susan

(Last) (First) (Middle)

3800 HOWARD HUGHES PRKWY

STE 1400

(Street)

LAS VEGAS NEVADA 89169

(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)
	Sr. Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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	06/30/2026		M		30,000	A	$3.53	91,187	D
Common Stock, no par value	06/30/2026		F(1)		11,641	D	$9.6	79,546	D

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	06/30/2026		M			30,000	(2)	08/08/2026	Common Stock	30,000	(3)	0	D

Explanation of Responses:

1. Represents a "net exercise" of outstanding stock options. The reporting person received 18,359 shares of common stock on net exercise of option to purchase 30,000 shares of common stock. The reporting person forfeited 11,641 shares of common stock underlying the option in payment of the exercise price and tax liability, using the closing stock price on June 30, 2026 of $9.60 per share.

2. Became exercisable in 4 equal installments of 7,500 shares 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.

	/s/ Susan Ryan	07/02/2026
	** 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)

FAQ

What did CPSS executive Susan Ryan report in this Form 4?

Susan Ryan reported a net exercise of stock options for 30,000 CPSS shares. She received 18,359 common shares and forfeited 11,641 shares to pay the exercise price and related taxes, reflecting a compensation-driven, non-open-market transaction.

Was the CPSS Form 4 transaction an open-market stock sale or purchase?

The Form 4 shows no open-market buy or sell transactions. Instead, it records an option exercise and a tax-withholding disposition, where 11,641 shares were forfeited to cover the exercise price and tax liability rather than sold on the open market.

What was the exercise price on Susan Ryan’s CPSS stock options?

The exercised stock options had an exercise price of $3.53 per share. This was significantly below the $9.60 closing market price on June 30, 2026, the date used to value the shares forfeited for the exercise price and taxes.

How many CPSS shares did Susan Ryan actually receive from the option exercise?

Out of 30,000 underlying option shares, Susan Ryan received 18,359 CPSS common shares. The remaining 11,641 shares were forfeited back to the issuer to satisfy the option exercise price and associated tax liability, as described in the Form 4 footnotes.

Were the exercised CPSS options part of a long-term compensation plan?

Yes. The options became exercisable in four equal installments of 7,500 shares on August 8, 2020, 2021, 2022, and 2023. The footnotes state the grant was issued in consideration of Susan Ryan’s services to Consumer Portfolio Services.