Form 4: Deer Park Road Management Reports Acquisition of Altisource Portfolio Solutions Shares

Deer Park Road Management Company, LP reports the acquisition of 28,037 shares of Altisource Portfolio Solutions S.A. common stock on May 30, 2024, through a non-management director stock award granted to Mary Hickok.

Summary

• On May 30, 2024, Deer Park Road Management Company, LP acquired 28,037 shares of Altisource Portfolio Solutions S.A. common stock.
• The acquisition was a result of a non-management director stock award granted to Mary Hickok, a Managing Director at Deer Park, for her service on Altisource's board of directors for the 2023-2024 service year.
• The shares were acquired at a price of $0.
• Following the transaction, the total number of shares beneficially owned by Deer Park and related entities is 4,277,263.
• The shares are held for the account of STS Master Fund, Ltd., for which Deer Park serves as investment advisor.
• Several entities and individuals related to Deer Park, including Deer Park Road Management GP, LLC, Deer Park Road Corporation, AgateCreek LLC, Michael Craig-Scheckman, and Scott Edward Burg, are also listed as reporting persons.
• These reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports a transaction.

Positives

• The acquisition of shares reflects continued involvement of Deer Park with Altisource Portfolio Solutions S.A.

Management Comments

• Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to continued insider involvement.

Key Dates