[Form 4] Consumer Portfolio Services Insider Trading Activity

Rhea-AI Filing Summary

Consumer Portfolio Services (CPSS) reported a grant of a stock option to Michele L. Baumeister, Senior Vice President. The option, granted on 09/09/2025, permits purchase of 60,000 shares of common stock at an exercise price of $8.19 per share and expires on 09/09/2032. The option becomes exercisable in four equal annual installments beginning 09/09/2026 through 09/09/2029. The filing states the shares underlying the option were issued as consideration for services rendered and that the reporting person holds the 60,000 shares directly following the transaction.

Positive

• Equity alignment: Grant vests over four years, aligning the reporting officer's incentives with long-term shareholder value.
• Clear terms disclosed: Transaction date, strike price ($8.19), number of options (60,000), vesting schedule, and expiration date are explicitly stated.

Negative

• Potential dilution: Exercise of 60,000 options could increase outstanding shares, but the filing does not state total shares outstanding to assess magnitude.

Insights

Corporate Governance Expert

TL;DR: Routine service-based option grant to a senior officer aligns pay with company performance without signaling material corporate change.

The reported grant is a standard equity-based compensation instrument for an executive. Vesting over four years encourages retention and links Baumeister's incentives to long-term share performance. The grant size and strike price are disclosed, but materiality relative to outstanding shares is not provided in this filing, limiting assessment of dilution or shareholder impact.

Executive Compensation Analyst

TL;DR: A multi-year option award with mid-term vesting is typical; impact depends on exercise behavior and company share count.

The award's $8.19 strike and seven-year post-vest life create time for value creation before expiration. Without total outstanding shares or recent grants disclosed here, it is not possible to determine whether this grant is sizeable versus peer practices or whether it meaningfully dilutes shareholders. The filing notes the options were issued as consideration for services, indicating standard compensation treatment.

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
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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^*

Baumeister Michele L

(Last) (First) (Middle)

19500 JAMBOREE RD

STE 600

(Street)

IRVINE CA 92610

(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)

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

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

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

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)	$8.19	09/09/2025		A		60,000		(1)	09/09/2032	Common Stock, No Par Value	60,000	(2)	60,000	D

Explanation of Responses:

1. Becomes exercisable in four equal installments on 9/9/2026, 9/9/2027, 9/9/2028, and 9/9/2029.

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

	/s/ Michele Baumeister	09/11/2025
	** 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 report in this Form 4 for Michele Baumeister?

The filing reports a 60,000-share stock option grant exercisable at $8.19 per share, granted on 09/09/2025 and expiring on 09/09/2032.

When does the option granted to Michele Baumeister vest?

The option vests in four equal installments on 09/09/2026, 09/09/2027, 09/09/2028, and 09/09/2029.

Are the shares underlying the option owned directly or indirectly after the transaction?

The filing states the reporting person directly beneficially owns 60,000 shares following the reported transaction.

What is the exercise price and expiration for the option?

The exercise (conversion) price is $8.19 and the option expires on 09/09/2032.

Why were the options issued to Michele Baumeister?

The filing explains the options were issued in consideration of services provided by the named person to the issuer.