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ALTISOURCE PORTFOLIO SOLUTIONS S.A. Director's Dealing 2024

Jul 25, 2024

34042_dirs_2024-07-25_f2ac4208-f055-45ec-92b9-cbc11c4e5394.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK: 0001462418
Period of Report: 2024-07-23

Reporting Person: Shepro William B (N/A)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2024-07-23 Common Stock A 50195.0000 $1.4200 Acquired 856608.0000 Indirect
2024-07-23 Common Stock F 23688.0000 $1.2700 Disposed 832920.0000 Indirect

Footnotes

F1: As part of a previously disclosed company-wide cost reduction plan, Mr. Shepro has volunteered to temporarily modify his compensation by offering the Company the option to replace up to 30% of his base compensation with a grant of unrestricted ASPS common stock (the "Adjustment"). At the end of each calendar quarter (each a "Period"), until either Mr. Shepro or the Company, upon written notice, reduces or terminates the Adjustment, the Company will determine the portion of the reduced amount to be paid in common stock and transfer the shares. For the Period ended June 30, 2024, Mr. Shepro received 50,195 shares, which vested immediately.

F2: Represents the cost per share used to calculate the temporary compensation replacement described in Footnote 1. Given that the shares were a replacement for compensation, their net cost was $0.

F3: Of the 50,195 shares granted to Mr. Shepro, reported above, 23,688 shares were forgone to pay for the tax withholding with a net issuance to Mr. Shepro of 26,507 shares.

F4: Represents the cost per share used to determine the tax withholding; the opening price of ASPS common stock on the grant date.