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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 3/20/24 |
| 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: 1621907 |
| | Owner Name: RITTS GREGORY J. |
| 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? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Chief Legal/Compliance Officer |
| Aff 10b5 One? No |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/20/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 23,654.0000 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0.0000 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 74,391.0000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/20/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 11,162.0000 |
| Footnote ID: F2 |
| | | Transaction Price Per Share: |
| Value: 2.5900 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 63,229.0000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted Share Units |
| | Conversion or Exercise Price: |
| | | Value: 0.0000 |
| | Transaction Date: |
| | | Value: 3/20/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 19,487.0000 |
| Footnote ID: F3 |
| | | Transaction Price Per Share: |
| Value: 0.0000 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Footnote ID: F3 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 19,487.0000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,871.0000 |
| Footnote ID: F4 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted Share Units |
| | Conversion or Exercise Price: |
| | | Value: 0.0000 |
| | Transaction Date: |
| | | Value: 3/20/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 4,167.0000 |
| Footnote ID: F5 |
| | | Transaction Price Per Share: |
| Value: 0.0000 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F5 |
| | Expiration Date: |
| | | Footnote ID: F5 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 4,167.0000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 8,333.0000 |
| Footnote ID: F6 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: 23,654 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to awards under the Altisource 2023 Annual Incentive Plan ("AIP") and the Altisource 2023 Long Term Incentive Plan ("LTIP"). |
| Footnote - F2: Of the 23,654 RSUs vesting into shares reported above 11,162 shares were forgone to pay for the tax withholding with a net issuance to Mr. Ritts of 12,492 shares. Pursuant to the terms of the award agreements, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on March 20, 2024. |
| Footnote - F3: Represents the vesting of 80% of Time-based RSUs granted to Mr. Ritts on March 20, 2023, pursuant to the Altisource 2023 AIP. Each RSU represents a contingent right to receive one share of ASPS common stock. |
| Footnote - F4: The remaining 20% of the Time-based RSUs are scheduled to vest on the second anniversary of the grant date (i.e., March 20, 2025). |
| Footnote - F5: Represents the vesting of the first tranche of Type I Time-based RSUs granted to Mr. Ritts on March 20, 2023, pursuant to the Altisource 2023 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock. |
| Footnote - F6: The remaining 8,333 Type I Time-based RSUs are scheduled to vest in two equal installments on the second and third anniversaries of the grant date (i.e., March 20, 2025 and March 20, 2026). |
| Owner Signature: |
| Signature Name: /s/ Teresa L. Szupello, Attorney-in-Fact |
| Signature Date: 3/22/24 |
