[Form 4] Consumer Portfolio Services Insider Trading Activity

Rhea-AI Filing Summary

Charles E. Bradley Jr., who serves as CEO, a director and a >10% owner of Consumer Portfolio Services (CPSS), received a grant of 300,000 stock options with an exercise price of $8.19. The options were issued in consideration of his services and were dated 09/09/2025. They become exercisable in four equal annual installments beginning on 09/09/2026 and fully vest by 09/09/2029, and expire on 09/09/2032. The Form 4 reports the reporting person holds 300,000 underlying common shares on a direct basis following the transaction.

Positive

• Alignment of interests: Option grant vests over four years, which links CEO compensation to long-term shareholder value.
• Significant direct stake: Reporting person is a CEO, director and >10% owner, increasing management’s alignment with investors.

Negative

• Potential dilution: The 300,000 underlying shares could dilute existing shareholders if the options are exercised.
• At-the-market risk: If the market price remains below the $8.19 strike, the options may provide limited retention value until share price increases.

Insights

Corporate Governance Expert

Insider option grant aligns executive pay with long-term company performance.

The grant to the CEO of 300,000 options at an $8.19 strike vests over four years, which is a common structure to retain senior leadership and tie compensation to future share-price performance. Because Bradley is a >10% owner and a director, the award increases his direct economic stake and aligns his interests with shareholders. The options were issued for services rather than purchased, indicating a compensation award rather than personal investment.

Compensation & Securities Analyst

Material insider grant, but not an immediate dilution event until exercised.

The instrument is a non‑derivative stock option grant covering 300,000 shares with a defined $8.19 exercise price and a 2032 expiration. It will not dilute existing shareholders until exercise; however, it represents potential future dilution. Vesting over 2026–2029 phases the economic impact and provides retention incentives. The Form 4 shows direct beneficial ownership of the underlying 300,000 shares following issuance.

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
Estimated average burden
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^*

BRADLEY CHARLES E JR

(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)

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

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		300,000		(1)	09/09/2032	Common Stock, No Par Value	300,000	(2)	300,000	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/ Charles E. Bradley, Jr.	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 transaction did CPSS insider Charles E. Bradley Jr. report?

The Form 4 reports a grant of 300,000 stock options with an $8.19 exercise price dated 09/09/2025.

How do the options vest for the CPSS CEO grant?

They vest in four equal installments on 09/09/2026, 09/09/2027, 09/09/2028, and 09/09/2029.

What is the expiration date of the awarded options?

The options expire on 09/09/2032.

Was the option grant purchased or issued for services?

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

Does the Form 4 show Bradley’s ownership after the transaction?

Yes; the report lists 300,000 underlying common shares beneficially owned on a direct basis following the transaction.