CPSS executive nets shares from option exercise
CONSUMER PORTFOLIO SERVICES, INC. senior vice president Susan Ryan reported a compensation-related stock option exercise combined with 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.
Positive
- None.
Negative
- None.
Insider Trade Summary
30,000 shares exercised/converted
Exercise
3 txns
Insider
Ryan Susan
Role
Sr. Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 30,000 | $0.00 | $0.00 |
| Exercise | Common Stock, no par value | 30,000 | $3.53 | $106K |
| Exercise Price or Tax Liability | Common Stock, no par value | 11,641 | $9.60 | $112K |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Common Stock, no par value — 79,546 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. Became exercisable in 4 equal installments of 7,500 shares 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: 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."
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 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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
