Sec Form 4/A Filing - Shepro William B @ ALTISOURCE PORTFOLIO SOLUTIONS S.A. - 2025-04-03

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4/A
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Shepro William B
2. Issuer Name and Ticker or Trading Symbol
ALTISOURCE PORTFOLIO SOLUTIONS S.A. [ ASPS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman and CEO
(Last) (First) (Middle)
C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A., 33, BOULEVARD PRINCE HENRI
3. Date of Earliest Transaction (MM/DD/YY)
04/03/2025
(Street)
LUXEMBOURG, N4L-1724
4. If Amendment, Date Original Filed (MM/DD/YY)
04/07/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Cash Exercise Stakeholder Warrants (Right to Buy) ( 1 ) $ 1.95 04/03/2025 A 3,085,748 ( 2 ) ( 3 ) 04/02/2029 Common Stock 5,014,340 $ 0 3,085,748 D
Cash Exercise Stakeholder Warrants (Right to Buy) ( 1 ) $ 1.95 04/03/2025 G 210,498 ( 4 ) ( 3 ) 04/02/2029 Common Stock 342,059 $ 0 2,875,250 D
Net Settle Stakeholder Warrants (Right to Buy) ( 1 ) $ 1.95 04/03/2025 A 3,085,748 ( 2 ) ( 3 ) 04/30/2032 Common Stock 5,014,340 $ 0 3,085,748 D
Net Settle Stakeholder Warrants (Right to Buy) ( 1 ) $ 1.95 04/03/2025 G 210,498 ( 4 ) ( 3 ) 04/30/2032 Common Stock 342,059 $ 0 2,875,250 D
Net Settle Stakeholder Warrants (Right to Buy) ( 1 ) $ 1.95 04/03/2025 G 210,498 ( 4 ) ( 3 ) 04/30/2032 Common Stock 342,059 $ 0 210,498 I ( 4 ) William B. Shepro Revocable Trust
Net Settle Stakeholder Warrants (Right to Buy) ( 1 ) $ 1.95 04/03/2025 A 940,969 ( 2 ) ( 3 ) 04/30/2032 Common Stock 1,529,074 $ 0 1,151,467 I William B. Shepro Revocable Trust
Cash Exercise Stakeholder Warrants (Right to Buy) ( 1 ) $ 1.95 04/03/2025 A 940,969 ( 2 ) ( 3 ) 04/02/2029 Common Stock 1,529,074 $ 0 940,969 I William B. Shepro Revocable Trust
Cash Exercise Stakeholder Warrants (Right to Buy) ( 1 ) $ 1.95 04/03/2025 G 210,498 ( 4 ) ( 3 ) 04/02/2029 Common Stock 342,059 $ 0 1,151,467 I ( 4 ) William B. Shepro Revocable Trust
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Shepro William B
C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A.
33, BOULEVARD PRINCE HENRI
LUXEMBOURG, N4L-1724
X Chairman and CEO
Signatures
/s/ Teresa L. Szupello, Attorney-in-Fact 04/08/2025
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person has amended this Form 4 to (i) include missing footnotes or delete footnotes and (ii) adjust certain dates and numbers.
( 2 )The reporting person received the Cash Exercise Stakeholder Warrants ("Cash Exercise Warrants") and the Net Settle Stakeholder Warrants ("Net Settle Warrants," and collectively with the Cash Exercise Warrants, the "Warrants") as part of a distribution by the Issuer of transferable warrants to certain securityholders of the Issuer for no consideration.
( 3 )The initial exercise date of the Warrants is the later of (i) July 2, 2025 and (ii) first date on which the VWAP (as defined in the Warrant Agent Agreement, a copy of which was filed as Exhibit 4.1 to the Issuer's Current Report on Form 8-K filed with the SEC on April 2, 2025 (the "Warrant Agreement")) of the common stock equals or exceeds the Implied Per Share Exercise Price (as defined in the Warrant Agreement) of the Warrants (initially, $1.20).
( 4 )Represents a transfer by gift from Mr. Shepro's direct ownership to the William B. Shepro Revocable Trust of Warrants.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.