<SEC-DOCUMENT>0001664272-25-000136.txt : 20250221
<SEC-HEADER>0001664272-25-000136.hdr.sgml : 20250221
<ACCEPTANCE-DATETIME>20250221160724
ACCESSION NUMBER:		0001664272-25-000136
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250219
FILED AS OF DATE:		20250221
DATE AS OF CHANGE:		20250221

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Shepro William B
		CENTRAL INDEX KEY:			0001289315
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34354
		FILM NUMBER:		25651761

	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
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    <footnotes>
        <footnote id="F1">Each restricted share unit (&quot;RSU&quot;) represents a contingent right to receive one share of Altisource Portfolio Solutions S.A. (the &quot;Company&quot;) common stock.</footnote>
        <footnote id="F2">Mr. Shepro received a grant of 2,489,174  RSUs. The RSUs were granted to Mr. Shepro on February 13, 2025 pursuant to the Altisource 2009 Equity Incentive Plan, with vesting of the RSUs contingent upon the consummation of the transactions (the &quot;Transactions&quot;) contemplated by that certain Transaction Support Agreement, dated as of December 16, 2024 (the &quot;Transaction Support Agreement&quot;). Due to the contingent nature of the closing of the Transactions, the grant of the RSUs was not reportable until the closing date of the Transactions which occurred on February 19, 2025. The RSUs will vest in three equal installments, with one-third vesting on each of the first three anniversaries of the Transaction Effective Date (as such term is defined in the Transaction Support Agreement) (i.e., February 19, 2026, February 19, 2027 and February 19, 2028), subject to Mr. Shepro's continuous service to the Company on and through each applicable vesting date, inclusive.</footnote>
        <footnote id="F3">Mr. Shepro received 83,886 shares of ASPS common stock upon the vesting of previously granted time-based RSUs pursuant to an award under the Company's 2009 Equity Incentive Plan and 2023 Annual Incentive Plan. Pursuant to the Award Agreement, 80% of the RSUs vested on February 20, 2025; the remaining 20% (20,972) are scheduled to vest on February 20, 2026.</footnote>
        <footnote id="F4">Mr. Shepro received 26,049 shares of ASPS common stock upon the vesting of previously granted time-based RSUs pursuant to an award under the Company's 2009 Equity Incentive Plan and 2024 Long-Term Equity Incentive Plan. The remaining 52,097 RSUs are scheduled to vest in two equal installments on the second and third anniversaries of the grant date (i.e., February 20, 2026 and February 20, 2027).</footnote>
        <footnote id="F5">Of the 109,935 RSUs vesting into shares reported above 51,847 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 58,088 shares. Pursuant to the terms of the award agreements, the price per share used to determine the tax withholding was the opening price of ASPS common stock on February 20, 2025.</footnote>
        <footnote id="F6">Represents a transfer by gift from Mr. Shepro's direct ownership to the William B. Shepro Revocable Trust of 58,088 shares of ASPS common stock acquired upon the vesting of RSUs pursuant to awards under the Altisource 2023 Annual Incentive Plan and 2024 Long-Term Equity Incentive Plan.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Teresa L. Szupello, Attorney-in-Fact</signatureName>
        <signatureDate>2025-02-21</signatureDate>
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