[Form 4] Consumer Portfolio Services Insider Trading Activity

Rhea-AI Filing Summary

Consumer Portfolio Services insider report: Steven Schween, identified as Senior Vice President, reported receipt of a stock option award on 09/09/2025. The option grants the right to buy 60,000 shares of the company’s common stock at an exercise price of $8.19 per share. The option is exercisable in four equal annual installments beginning 09/09/2026 and fully vests by 09/09/2029, and it expires on 09/09/2032. The filing states the options were issued as consideration for Mr. Schween’s services. The Form 4 was signed by Mr. Schween on 09/11/2025.

Positive

• Executive alignment: Grant vests over four years, which supports retention and aligns the officer's interests with long-term shareholder value.
• Transparent reporting: Form 4 discloses exercise price, vesting schedule, and that the award was issued for services, fulfilling disclosure requirements.

Negative

• Potential dilution: Issuance of options increases potential future share count if exercised, though materiality is not determinable from this filing alone.

Insights

Corporate Governance Expert

TL;DR: A routine executive equity award that aligns management incentives with shareholders but creates potential dilution.

The grant of a 60,000-share option at $8.19 appears to be a standard service-based compensation award to a senior officer. Vesting over four annual installments supports retention and aligns the officer’s incentives with longer-term share performance. The option exercise price equals the grant price disclosed, and the long expiration (2032) provides an extended window for potential exercise. Absent information on total outstanding shares or prior grants, the materiality of dilution cannot be assessed from this filing alone.

Securities Compensation Analyst

TL;DR: Non-derivative reporting is clear; this is a compensatory equity award, not a disposition or sale.

The Form 4 records a compensatory stock option grant (60,000 shares) with an $8.19 strike and staged vesting from 2026–2029. This is reported under Section 16 as an acquisition (code A) of a derivative security. The filing confirms the shares underlying the option were issued as compensation. For valuation impact, additional context such as current share count, recent grants, and company equity plan details would be required but are not provided in this filing.

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^*

Schween Steven

(Last) (First) (Middle)

3800 HOWARD HUGHES PARKWAY

SUITE 1400

(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)

	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/ Steven Howard Schween	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 Steven Schween report on Form 4 for CPSS?

He reported the grant of a stock option for 60,000 shares on 09/09/2025 with an exercise price of $8.19.

When does the option vest and when does it expire?

The option vests in four equal installments on 09/09/2026, 09/09/2027, 09/09/2028, and 09/09/2029, and expires on 09/09/2032.

Why were the options issued to Mr. Schween?

The filing states the options were issued in consideration of the named person's services to the issuer.

What is Mr. Schween’s role at Consumer Portfolio Services?

He is identified as Senior Vice President in the Form 4 filing.

When was the Form 4 signed and filed?

The signature on the Form 4 is dated 09/11/2025.