Form 4: Altisource Director Matthew Winkler Assigns Equity Awards to Benefit Street Partners

Altisource Portfolio Solutions S.A. Director Matthew Winkler assigned 62 restricted shares and 19,011 restricted share units to Benefit Street Partners, LLC, relinquishing his pecuniary interest in the securities.

Summary

• Matthew T. Winkler, a non-management director of Altisource Portfolio Solutions S.A. (ASPS), assigned 62 restricted shares of ASPS Common Stock and 19,011 restricted share units (RSUs) to Benefit Street Partners, LLC (BSP).
• The 62 restricted shares and 19,011 RSUs were initially awarded to Mr. Winkler on May 21, 2025, as compensation for his director role for the 2025-2026 service year.
• The assignment, executed on July 8, 2025, was made pursuant to a Director Fees Assignment Agreement, for the ratable benefit of investment funds and accounts managed by BSP and/or its advisory affiliates that own shares of ASPS.
• As a result of this assignment, Mr. Winkler no longer holds any pecuniary interest in the reported securities.
• All share amounts in the filing reflect ASPS's 1:8 stock combination effected on May 28, 2025.

Sentiment

Score: 5

Explanation: Neutral. This Form 4 reports a routine transaction related to director compensation and its assignment to an affiliated entity, with no direct positive or negative implications for company performance or financial health.

Positives

• The assignment of shares and RSUs to Benefit Street Partners, LLC (BSP) aligns the director's compensation with the interests of the investment funds managed by BSP that hold ASPS shares, potentially indicating a unified investment strategy.

Negatives

• Mr. Winkler, a director, no longer has a direct pecuniary interest in the specific shares and RSUs reported, which could be seen as a slight reduction in direct personal stake, although his affiliation with BSP maintains an indirect interest.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Management Comments

• Mr. Winkler no longer has any pecuniary interests in the securities reported herein.

Industry Context

This Form 4 filing details a specific director's equity compensation assignment and does not provide broader industry context or trends.

Corporate Governance

Related Party Transactions

• The assignment of restricted shares and RSUs by Matthew T. Winkler (a director and employee of Benefit Street Partners, LLC) to Benefit Street Partners, LLC, for the benefit of investment funds managed by BSP, constitutes a related party transaction. BSP is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended.

Stakeholder Impact

• Shareholders: The transaction clarifies the beneficial ownership of certain director compensation, indicating that the shares and RSUs are now held by an entity (Benefit Street Partners, LLC) that manages funds owning ASPS shares, potentially aligning interests.

Key Dates

Keywords

Altisource Portfolio Solutions, ASPS, Matthew T. Winkler, Benefit Street Partners, SEC Form 4, Beneficial Ownership, Restricted Shares, RSUs, Director Compensation, Stock Combination