MORETTINI JOSEPH L 4

What Happened

• Joseph L. Morettini, a director of Altisource Portfolio Solutions S.A. (ASPS), reported an open-market sale of 99 ASPS cash‑exercise stakeholder warrants (ticker: ASPSZ) on March 17, 2026. The warrants sold for $0.24 each, producing aggregate proceeds of $23.76. This was a sale of derivative securities (warrants), not a sale of ASPS common stock.

Key Details

• Transaction date and price: March 17, 2026 — 99 warrants sold at $0.24 each (total $23.76).
• Instrument: Cash Exercise Stakeholder Warrants (ASPSZ) — derivative security, reported as a disposition.
• Conversion ratio: Each warrant is exercisable into 0.20313 shares of ASPS common stock (99 warrants equal the right to ~20.11 underlying shares if exercised).
• Shares owned after transaction: Not disclosed in the filing.
• Filing: Form 4 filed on March 19, 2026 (within the typical 2‑business‑day reporting window). No 10b5‑1 plan or tax‑withholding notation was disclosed in the report.

Context

• This was a small, routine sale of warrants (proceeds <$25) and should be viewed differently than a director selling large blocks of common stock. Because these were warrant sales (derivative instruments), they do not directly change the insider’s common‑stock holdings unless the warrants were previously exercised or the proceeds were used to acquire shares.