Esterman Michelle D. 4

What Happened

• Michelle D. Esterman, Chief Financial Officer of Altisource Portfolio Solutions S.A. (ASPS), had 1,145 restricted share units (RSUs) vest on March 20, 2026 and those RSUs converted into 1,145 shares of ASPS common stock. Per the award terms, 277 of those shares were withheld to satisfy tax withholding, resulting in a net issuance of 868 shares to Ms. Esterman. The Form 4 reports $0.00 per share for the conversion (these were award vestings, not open-market purchases).

Key Details

• Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (filed within the SEC’s 2-business-day reporting window).
• Reported entries: 1,145 shares acquired on conversion of RSUs (@ $0.00); corresponding 277 shares withheld for tax (@ $0.00); the 1,145-share conversion is broken into three derivative lines of 520, 313 and 312 shares (total 1,145).
• Net shares issued to insider: 868 shares after tax withholding.
• Footnotes: shares issued upon final vesting of RSUs granted March 20, 2023 under the Altisource 2023 Long Term Incentive Plan; the per-share price used to compute the tax withholding was the opening price of ASPS common stock on March 20, 2026. The filing notes 4,512 RSUs previously reported.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• These transactions are vesting/conversion of RSUs (derivative-to-stock conversion), not open-market buys or discretionary sales. The $0.00 per-share amounts reflect award vesting rather than a cash purchase price.
• The 277-share withholding is a common payroll/tax withholding mechanic (treated as a disposition for reporting) and does not necessarily indicate an intent to sell additional shares on the market.