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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 4/9/24 |
| Not Subject to Section 16? No |
| Issuer: |
| Issuer CIK: 1462418 |
| Issuer Name: ALTISOURCE PORTFOLIO SOLUTIONS S.A. |
| Issuer Trading Symbol: ASPS |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1289315 |
| | Owner Name: Shepro William B |
| Reporting Owner Address: |
| | Owner Street 1: C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A. |
| | Owner Street 2: 33, BOULEVARD PRINCE HENRI |
| | Owner City: LUXEMBOURG |
| | Owner State: N4 |
| | Owner ZIP Code: L-1724 |
| | Owner State Description: LUXEMBOURG |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Chairman and CEO |
| Aff 10b5 One? No |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 4/9/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 36,741.0000 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 1.9400 |
| Footnote ID: F2 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 823,743.0000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: William B. Shepro Revocable Trust |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 4/9/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 17,330.0000 |
| Footnote ID: F3 |
| | | Transaction Price Per Share: |
| Value: 1.6200 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 806,413.0000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: William B. Shepro Revocable Trust |
| Footnotes: |
| Footnote - 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 March 31, 2024, Mr. Shepro received 36,741 shares, which vest immediately. |
| Footnote - F2: Represents the cost per share for the temporary compensation replacement noted in Footnote 1. Given that it was a replacement for compensation, the net cost of the shares was $0. |
| Footnote - F3: Of the 36,741 shares granted to Mr. Shepro, reported above, 17,330 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 19,411 shares. The price per share used to determine the tax withholding was the opening price of ASPS common stock on the grant date. |
| Owner Signature: |
| Signature Name: /s/ Teresa L. Szupello, Attorney-in-Fact |
| Signature Date: 4/11/24 |
