Form 4: Consumer Portfolio Services Executive Exercises Options, Transfers Shares to Trust

Michael T. Lavin, President of Consumer Portfolio Services, exercised stock options and transferred shares to a living trust, according to a recent SEC filing.

Summary

• On May 8, 2025, Michael T. Lavin, President of Consumer Portfolio Services, exercised stock options to acquire 90,000 shares of common stock at a price of $3.48 per share.
• He then executed a 'net exercise' of options, receiving 27,826 shares and forfeiting 39,064 shares to cover the exercise price and tax liability, based on a closing stock price of $9.88.
• Lavin also transferred 50,936 shares to the MTRB Lavin Living Trust, resulting in the trust holding 404,815 indirectly owned shares.
• Following these transactions, Lavin directly owns 50,936 shares of Consumer Portfolio Services stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports transactions related to stock options and share transfers, without indicating any positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It doesn't necessarily indicate a broader trend within the consumer portfolio services industry but reflects individual decisions by company leadership.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership structure, but the overall effect is likely minimal.

Key Dates

Keywords

stock options, Form 4, beneficial ownership, Consumer Portfolio Services, CPSS, Michael T. Lavin, net exercise, MTRB Lavin Living Trust, securities, shares