Form 4: Deer Park Road Management Reports Beneficial Ownership Changes in Altisource Portfolio Solutions S.A.

Deer Park Road Management reports the acquisition of restricted share units (RSUs) by Mary Hickok, a managing director at Deer Park, for her service as a non-management director of Altisource Portfolio Solutions S.A.

Summary

• Deer Park Road Management Company, LP, along with related entities and individuals, filed a Form 4 regarding changes in beneficial ownership of Altisource Portfolio Solutions S.A. (ASPS) shares.
• Mary Hickok, a Managing Director at Deer Park, was granted 65,574 restricted share units (RSUs) on December 23, 2024, for her service as a non-management director of Altisource Portfolio Solutions S.A. for the 2024-2025 service year.
• Each RSU represents a contingent right to receive one share of common stock, and the RSUs vested on May 13, 2025, the date of the Issuer's 2025 Annual General Meeting of Shareholders.
• As of the reporting date, Deer Park beneficially owns 11,794,800 shares of Altisource Portfolio Solutions S.A.
• The filing notes that the reporting of the RSU grant was late due to an administrative oversight.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, with a neutral sentiment. The late reporting is a minor negative.

Negatives

• The RSU grant was reported late due to an administrative oversight.

Risks

• The late reporting of the RSU grant could indicate potential weaknesses in internal controls or compliance procedures.

Industry Context

Form 4 filings are a routine part of regulatory compliance for individuals and entities with significant ownership in publicly traded companies, providing transparency into their transactions and holdings.

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership, which can influence investor sentiment.
• The late reporting may raise concerns about the company's internal controls and compliance procedures.

Key Dates

Keywords

beneficial ownership, Form 4, Altisource Portfolio Solutions S.A., Deer Park Road Management, restricted share units, RSUs, director compensation, securities, investment