<SEC-DOCUMENT>0001664272-25-000057.txt : 20250131
<SEC-HEADER>0001664272-25-000057.hdr.sgml : 20250131
<ACCEPTANCE-DATETIME>20250131184458
ACCESSION NUMBER:		0001664272-25-000057
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250129
FILED AS OF DATE:		20250131
DATE AS OF CHANGE:		20250131

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Esterman Michelle D.
		CENTRAL INDEX KEY:			0001544019
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34354
		FILM NUMBER:		25579944

	MAIL ADDRESS:	
		STREET 1:		C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A.
		STREET 2:		33, BOULEVARD PRINCE HENRI
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-1724

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALTISOURCE PORTFOLIO SOLUTIONS S.A.
		CENTRAL INDEX KEY:			0001462418
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4

	BUSINESS ADDRESS:	
		STREET 1:		33, BOULEVARD PRINCE HENRI
		STREET 2:		L-1724 LUXEMBOURG CITY
		CITY:			GRAND DUCHY OF LUXEMBOURG
		STATE:			N4
		ZIP:			50
		BUSINESS PHONE:		352 24 69 79 00

	MAIL ADDRESS:	
		STREET 1:		33, BOULEVARD PRINCE HENRI
		STREET 2:		L-1724 LUXEMBOURG CITY
		CITY:			GRAND DUCHY OF LUXEMBOURG
		STATE:			N4
		ZIP:			50

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Altisource Portfolio Solutions S.A.
		DATE OF NAME CHANGE:	20090625

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Altisource Portfolio Solutions S.a.r.l.
		DATE OF NAME CHANGE:	20090422
</SEC-HEADER>
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<SEQUENCE>1
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    <issuer>
        <issuerCik>0001462418</issuerCik>
        <issuerName>ALTISOURCE PORTFOLIO SOLUTIONS S.A.</issuerName>
        <issuerTradingSymbol>ASPS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001544019</rptOwnerCik>
            <rptOwnerName>Esterman Michelle D.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A.</rptOwnerStreet1>
            <rptOwnerStreet2>33, BOULEVARD PRINCE HENRI</rptOwnerStreet2>
            <rptOwnerCity>LUXEMBOURG</rptOwnerCity>
            <rptOwnerState>N4</rptOwnerState>
            <rptOwnerZipCode>L-1724</rptOwnerZipCode>
            <rptOwnerStateDescription>LUXEMBOURG</rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>true</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>Chief Financial Officer</officerTitle>
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    </reportingOwner>

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        </nonDerivativeTransaction>
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    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Share Units</value>
            </securityTitle>
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                    <footnoteId id="F6"/>
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    <footnotes>
        <footnote id="F1">As part of a previously disclosed company-wide cost reduction plan, Ms. Esterman has volunteered to temporarily modify her compensation by offering the Company the option to replace up to 30% of her base compensation with a grant of unrestricted ASPS common stock (the &quot;Adjustment&quot;). At the end of each calendar quarter (each a &quot;Period&quot;), until either Ms. Esterman 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 December 31, 2024, Ms. Esterman received 45,285 shares, which vested immediately</footnote>
        <footnote id="F2">Represents the cost per share used to determine the temporary compensation replacement described in Footnote 1. Given that the shares are a replacement for compensation, their net cost was $0.</footnote>
        <footnote id="F3">Of the 45,285 shares granted to Ms. Esterman, reported above, 13,427 shares were forgone to pay for the tax withholding with a net issuance to Ms. Esterman of 31,858 shares.</footnote>
        <footnote id="F4">Represents the cost per share used to determine the tax withholding; the opening price of ASPS common stock on the grant date.</footnote>
        <footnote id="F5">2,613 shares of ASPS common stock were received upon the vesting of previously granted restricted share units (&quot;RSUs&quot;) pursuant to an award under the Altisource 2022 Long Term Incentive Plan (&quot;LTIP&quot;).</footnote>
        <footnote id="F6">Represents the full and final vesting of Type II Performance-based RSUs previously granted pursuant to the Altisource 2022 LTIP. Our Compensation Committee approved vesting at 26.13% of target; the remaining RSUs failed to vest. Each RSU represents a contingent right to receive one share of ASPS common stock.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Teresa L. Szupello, Attorney-in-Fact</signatureName>
        <signatureDate>2025-01-31</signatureDate>
    </ownerSignature>
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