Consumer Portfolio (CPSS) Insider Ralston Receives 60K Options at $8.19

Rhea-AI Filing Summary

Consumer Portfolio Services insider reported a single transaction: Catrina Ralston, Sr. Vice President, received a stock option grant dated 09/09/2025 to purchase 60,000 shares of common stock at an exercise price of $8.19 per share. The option becomes exercisable in four equal installments on 09/09/2026, 09/09/2027, 09/09/2028, and 09/09/2029, and expires on 09/09/2032. The filing states the shares were issued in consideration of the reporting person’s services. The Form 4 was signed by Catrina Ralston on 09/11/2025.

Positive

• 60,000 stock options granted to Sr. Vice President, aligning executive incentives with shareholder value
• Clear vesting schedule (four equal installments beginning 09/09/2026) provides retention alignment

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine executive option grant that modestly increases potential dilution and aligns an officer’s incentives with shareholder value.

The grant of 60,000 options at $8.19 is a standard compensation instrument for a senior executive. Vesting in four equal annual installments beginning one year after grant suggests a multi-year retention and performance alignment objective. The exercise price and seven-year post-vest window to 2032 give the holder time to realize value if the share price appreciates. This disclosure is informational and appears routine; it does not by itself change the company’s financials or capital structure but will contribute to potential future dilution if exercised.

Corporate Governance Expert

TL;DR: Grant follows common governance practice; clear vesting schedule and service consideration are properly disclosed.

The Form 4 lists the option grant, vesting schedule, and that shares were issued for services, satisfying Section 16 reporting requirements. The clear timeline for exercisability and expiration provides transparency on when potential insider-driven share issuance could occur. No unusual transfer, acceleration, or 10b5-1 plan language is disclosed. As a standalone filing, this appears to be routine executive compensation rather than a material governance event.

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^*

Ralston Catrina Marie

(Last) (First) (Middle)

3800 HOWARD HUGHES PARKWAY

(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/ Catrina Ralston	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 Catrina Ralston report on Form 4?

The filing reports a stock option grant dated 09/09/2025 to buy 60,000 shares at $8.19 per share.

When do the options granted to Catrina Ralston vest and expire?

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.

Why were the shares issued to the reporting person according to the filing?

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

Who signed the Form 4 and when was it signed?

The Form 4 was signed by /s/ Catrina Ralston on 09/11/2025.

Does the Form 4 show any immediate sale or disposition of shares by the insider?

No. The Form 4 reports an option grant (acquisition); there is no sale or disposition reported in this filing.