[Form 4] Consumer Portfolio Services Insider Trading Activity

Rhea-AI Filing Summary

Noel Jackson, Sr. Vice President of Consumer Portfolio Services, Inc. (CPSS), received a stock option award on 09/09/2025. The option grants the right to buy 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 installments on 09/09/2026, 09/09/2027, 09/09/2028, and 09/09/2029. The award was issued as consideration for Jackson’s services and, following the reported transaction, he beneficially owns 60,000 underlying shares directly. The Form 4 is signed by Noel Jackson on 09/11/2025.

Positive

• Long-term alignment: The 60,000-option grant vests over four years, linking executive compensation to future share performance.

Negative

• None.

Insights

Compensation/Corporate Governance Analyst

TL;DR: A time-vesting stock option aligns executive pay with long-term performance but creates potential future dilution.

The option grant of 60,000 shares at $8.19 with a seven-year term and four-year staggered vesting is a common structure to retain senior executives and link pay to future share performance. The filing reports direct beneficial ownership of 60,000 underlying shares post-grant. The disclosure is routine and compliant with insider reporting obligations; it provides transparency on the executive’s incentive structure without additional financial details about grant valuation or company-wide equity dilution.

Securities/Regulatory Analyst

TL;DR: Form 4 properly discloses an option award and satisfies Section 16 reporting requirements.

The Form 4 shows required information: reporting person identity, relationship to the issuer (Sr. Vice President), transaction and filing dates, option terms including exercise price, exercisability schedule, expiration date, and the issuer-confirmed purpose (consideration for services). Signature and date are present. No amendment or additional derivative transactions are reported. This is a standard insider disclosure with regulatory completeness for the items shown.

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^*

Jackson Noel

(Last) (First) (Middle)

19500 JAMBOREE RD.

(Street)

IRVINE CA 92612

(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/ Noel Jackson	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 option did Noel Jackson (CPSS) receive on 09/09/2025?

He received a stock option to buy 60,000 shares at an exercise price of $8.19 per share, dated 09/09/2025.

When do the options granted to Noel Jackson become exercisable and when do they expire?

They become exercisable in four equal installments on 09/09/2026, 09/09/2027, 09/09/2028, and 09/09/2029, and expire on 09/09/2032.

What is Noel Jackson's role at Consumer Portfolio Services (CPSS) as stated in the Form 4?

The Form 4 lists Noel Jackson as a Sr. Vice President and indicates officer status for the issuer.

How many shares does Noel Jackson beneficially own following the reported transaction?

Following the reported transaction, he beneficially owns 60,000 underlying shares directly as reported on the Form 4.

What reason is given for the option issuance to Noel Jackson?

The Form 4 states the options were issued in consideration of the named person's services to the issuer.