[Form 4] Consumer Portfolio Services Insider Trading Activity

Rhea-AI Filing Summary

Charles E. Gonel, Sr. Vice President of Consumer Portfolio Services (CPSS), was granted a stock option on 09/09/2025 to purchase 60,000 shares of common stock at an exercise price of $8.19 per share. The option expires on 09/09/2032 and becomes exercisable in four equal annual installments beginning 09/09/2026 through 09/09/2029. The option shares were issued as consideration for services.

Positive

• Clear disclosure of grant date, exercise price, vesting schedule, and expiration date
• Long-term vesting (four equal installments) aligns officer incentives with future performance
• Options issued as consideration for services, indicating compensation purpose rather than immediate sale

Negative

• No information on total shares outstanding or percentage dilution from the 60,000-share grant
• No value or fair-value metric provided to show grant size relative to total compensation

Insights

Compensation & Governance Analyst

TL;DR: A mid-sized senior officer received a time-vested option for 60,000 shares at $8.19, aligning pay with long-term equity performance.

This grant is a typical long-term incentive that vests over four years and carries a seven-year post-grant contractual life from issuance to expiration. For investors, such awards can align management incentives with shareholder value without immediate dilution until exercise. The grant size and strike price are explicitly stated; however, materiality relative to total shares outstanding is not provided in this filing.

Securities Compliance Specialist

TL;DR: Form 4 properly discloses a service-based option grant with required exercise schedule and signature; no procedural issues visible.

The filing includes the reporter's name, address, relationship to the issuer, transaction date, exercise price, vesting schedule, and expiration date, satisfying disclosure norms for Section 16 reporting. The explanation clarifies the award was in consideration of services. No amendments or other transactions are reported here.

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^*

Gonel Charles E.

(Last) (First) (Middle)

3800 HOWARD HUGHES PRKWY

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/ Charles Gonel	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 insider Charles E. Gonel report on Form 4?

The Form 4 reports a stock option grant of 60,000 shares at an exercise price of $8.19, dated 09/09/2025.

When do the options granted to Charles Gonel vest and expire?

The options vest 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 the exercise price for the CPSS option grant?

The exercise (conversion) price is $8.19 per share.

What role does the reporting person hold at CPSS?

Charles E. Gonel is reported as an Officer with the title Sr. Vice President.

Was the option grant for services or another reason?

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