Altisource Insider Esterman Files Form 4 on Ownership Change
| Field | Detail |
|---|---|
| Company | Esterman Michelle D. |
| Form Type | 4 |
| Filed Date | Mar 25, 2026 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-filing, form-4, ownership-change, altisource
TL;DR
**Altisource insider Esterman filed a Form 4, signaling a change in her stock ownership.**
AI Summary
Michelle D. Esterman, associated with Altisource Portfolio Solutions S.A., filed a Form 4 on March 24, 2026, indicating a change in beneficial ownership of securities as of March 20, 2026. While the filing itself doesn't detail the specific transaction (buy/sell), it signals an insider activity that investors should monitor. This matters because insider transactions can provide insights into how company executives view the stock's future prospects, potentially influencing investor sentiment and stock price.
Why It Matters
Insider filings like this can signal management's confidence (or lack thereof) in the company's future, which can influence investor decisions.
Risk Assessment
Risk Level: low — This filing is purely informational and does not inherently pose a direct risk, but rather provides data for further analysis.
Analyst Insight
An investor should investigate the full details of the Form 4 to determine if Esterman bought or sold shares, and the quantity, to gauge potential insider sentiment regarding Altisource Portfolio Solutions S.A. stock.
Key Players & Entities
- Esterman Michelle D. (person) — Reporting owner
- Altisource Portfolio Solutions S.A. (company) — Company associated with the reporting owner
- 0001544019 (other) — CIK of Michelle D. Esterman
- 0001140361-26-010966 (other) — SEC Accession No.
FAQ
Who filed this Form 4?
Michelle D. Esterman, with CIK 0001544019, filed this Form 4.
What is the filing date of this Form 4?
The filing date for this Form 4 is March 24, 2026.
What is the period of report for the changes in beneficial ownership?
The period of report for the changes in beneficial ownership is March 20, 2026.
Which company is Michelle D. Esterman associated with, according to the filing?
Michelle D. Esterman is associated with Altisource Portfolio Solutions S.A., located at 33, Boulevard Prince Henri, Luxembourg.
What is the purpose of a Form 4 filing?
A Form 4 is a 'Statement of changes in beneficial ownership of securities' and is used to report transactions by company insiders (officers, directors, or beneficial owners of more than 10% of a company's stock) in their company's securities.
Filing Stats: 837 words · 3 min read · ~3 pages · Grade level 7.5 · Accepted 2026-03-24 20:12:06
Filing Documents
- form4.html (4)
- form4.xml (4) — 12KB
- 0001140361-26-010966.txt ( ) — 14KB
From the Filing
SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Esterman Michelle D. (Last) (First) (Middle) C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A. 33, BOULEVARD PRINCE HENRI (Street) LUXEMBOURG L-1724 (City) (State) (Zip) LUXEMBOURG (Country) 2. Issuer Name and Ticker or Trading Symbol ALTISOURCE PORTFOLIO SOLUTIONS S.A. [ ASPS ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Chief Financial Officer 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/20/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 03/20/2026 M 1,145 (1) A $ 0 108,467 D Common Stock 03/20/2026 F 277 (2) D $ 0 108,190 (3) D Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Share Units (4) 03/20/2026 M 520 (5) (5) (5) Common Stock 520 $ 0 0 D Restricted Share Units (4) 03/20/2026 M 313 (6) (6) (6) Common Stock 313 $ 0 0 D Restricted Share Units (4) 03/20/2026 M 312 (7) (7) (7) Common Stock 312 $ 0 0 D Explanation of Responses: 1. Ms. Esterman received 1,145 shares of Altisource Portfolio Solutions S.A. ("Altisource" or "ASPS") common stock upon the vesting of previously granted restricted share units ("RSUs") pursuant to awards under the Altisource 2023 Long Term Incentive Plan ("LTIP"). 2. Of the RSUs vesting into shares, 277 shares were withheld to pay the tax withholding obligation, resulting in a net issuance to Ms. Esterman of 868 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, 2026. 3. Includes 4,512 RSUs previously reported in Table I. 4. Each RSU represents a contingent right to receive one share of ASPS common stock. 5. Represents the final vesting of time-based RSUs granted to Ms. Esterman on March 20, 2023, pursuant to the Altisource 2023 LTIP. 6. Represents the final vesting of performance-based RSUs granted to Ms. Esterman on March 20, 2023, pursuant to the Altisource 2023 LTIP. 7. Represents the final vesting of performance- and market-based RSUs granted to Ms. Esterman on March 20, 2023, pursuant to the Altisource 2023 LTIP. /s/ Teresa L. Szupello, Attorney-in-Fact 03/24/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this F