[Form 4] CONSUMER PORTFOLIO SERVICES, INC. Insider Trading Activity

Rhea-AI Filing Summary

William B. Roberts, a director of Consumer Portfolio Services, Inc. (CPSS), reported a sale of 100,000 shares of the issuer's common stock on 09/15/2025 at a price of $8.62 per share. Following the reported transaction, Mr. Roberts beneficially owns 585,702 shares. The filing states the shares were sold back to the issuer in an exempt transaction under Rule 16b-3 as part of the company’s stock repurchase program.

Positive

• Remaining substantial ownership: Reporting person continues to beneficially own 585,702 shares after the sale
• Transaction executed under Rule 16b-3: Sale was part of the issuer's stock repurchase program, indicating a compliant, exempt transaction

Negative

• Insider disposition: Director sold 100,000 shares, which is a material-sized insider sale reported on Form 4
• Price realized: Shares were sold at $8.62 per share, reflecting the insider's realized price on the disposition

Insights

Financial Analyst

TL;DR: Insider sold 100,000 shares via company repurchase; still holds a sizeable stake of 585,702 shares.

The transaction is a straightforward insider sale executed under Rule 16b-3, indicating the repurchase was coordinated with the issuer to satisfy compliance rules for covered persons. The sale size (100,000 shares) is meaningful relative to the reported post-transaction holding, but the reporting person remains a significant shareholder. This filing alone provides no information on company performance, timing rationale, or impact on outstanding share count beyond the repurchase context.

Corporate Governance Expert

TL;DR: Sale processed under Rule 16b-3 signals a compliant buyback; disclosure is timely and complete for this Form 4.

The Form 4 discloses the director-level insider disposition and cites the exempt Rule 16b-3 process, which denotes an approved repurchase arrangement between the issuer and reporting person. The filing includes the transaction date, price, and resulting beneficial ownership, meeting standard disclosure expectations. No amendments or additional arrangements are disclosed.

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

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

1. Name and Address of Reporting Person^*

ROBERTS WILLIAM B

(Last) (First) (Middle)

3800 HOWARD HUGHES PARKWAY

(Street)

LAS VEGAS NV 89169

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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

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

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

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	09/15/2025		D		100,000(1)	D	$8.62	585,702	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

Explanation of Responses:

1. Sold to the Issuer in an exempt transaction pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended as part of the Issuer's stock repurchase program.

	/s/ William B. Roberts	09/17/2025
	** 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.

FAQ

What did CPSS director William B. Roberts report on Form 4?

The Form 4 reports that William B. Roberts sold 100,000 shares of CPSS common stock on 09/15/2025 at $8.62 per share and now beneficially owns 585,702 shares.

Was the sale by the insider part of a repurchase program?

Yes. The filing states the shares were sold to the issuer in an exempt transaction pursuant to Rule 16b-3 as part of the issuer's stock repurchase program.

How does the Form 4 describe the nature of ownership after the sale?

The Form 4 shows the post-transaction beneficial ownership as 585,702 shares and indicates direct ownership form.

What is the transaction date and price reported on the Form 4?

The reported transaction date is 09/15/2025 and the reported sale price is $8.62 per share.

Who signed the Form 4 and when was it signed?

The Form 4 is signed as /s/ William B. Roberts with a signature date of 09/17/2025.