Form 4: Consumer Portfolio Services Director Exercises Stock Options, Acquires Shares
SEC Form 4 Filing
Director Daniel S. Wood exercised stock options and acquired shares of Consumer Portfolio Services, Inc. on April 30, 2025.
Summary
- On April 30, 2025, Daniel S. Wood, a director of Consumer Portfolio Services, Inc. (CPSS), exercised stock options to acquire 45,000 shares of common stock at a price of $3.48 per share.
- The transaction involved a 'net exercise' where Wood received 28,033 shares and forfeited 16,967 shares to cover the exercise price, based on a closing stock price of $9.23 per share on April 30, 2025.
- Following the transaction, Wood directly owns 214,943 shares of CPSS common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transaction increases the director's stake in the company, potentially aligning his interests further with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/09/2018 | Date stock options became exercisable |
| 04/30/2025 | Date of stock option exercise and share acquisition |
| 05/09/2025 | Expiration date of stock options |
| 05/01/2025 | Date of Form 4 filing |
Keywords
stock options, Form 4, director, CPSS, Consumer Portfolio Services, share acquisition, Daniel S. Wood
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