Sr. Vice President Crisp April exercised 44,500 shares at a strike of $3.91 and covered exercise/tax liability with 19,021 shares, increasing direct ownership by 148% to 42,691 units (SEC Form 4)
$CPSS
Finance: Consumer Services
Finance
| FORM 4 |
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 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CONSUMER PORTFOLIO SERVICES, INC. [ CPSS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/02/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 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 | ||||||
| Common Stock, no par value | 06/02/2025 | M | 15,000 | A | $3.53 | 32,212 | D | |||
| Common Stock, no par value | 06/02/2025 | M | 10,000 | A | $2.47 | 42,212 | D | |||
| Common Stock, no par value | 06/02/2025 | M | 19,500 | A | $4.95 | 61,712 | D | |||
| Common Stock, no par value | 06/02/2025 | F(1) | 19,021 | D | $9.21 | 42,691 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 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 (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (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: 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 | ||||||||
| Stock Option (right to buy) | $4.95 | 06/02/2025 | M | 19,500 | (2) | 08/03/2028 | Common Stock, No Par Value | 19,500 | (5) | 7,500 | D | ||||
| Stock Option (right to buy) | $2.47 | 06/02/2025 | M | 10,000 | (3) | 06/01/2027 | Common Stock, No Par Value | 10,000 | (5) | 0 | D | ||||
| Stock Option (right to buy) | $3.53 | 06/02/2025 | M | 15,000 | (4) | 08/08/2026 | Common Stock, No Par Value | 15,000 | (5) | 0 | D | ||||
| Explanation of Responses: |
| 1. Represents a "net exercise" of outstanding stock options. The reporting person received 25,479 shares of common stock on net exercise of option to purchase 44,500 shares of common stock. The reporting person forfeited 19,021 shares of common stock underlying the option in payment of the exercise price and tax liability, using the closing stock price on June 02, 2025 of $9.21 per share. |
| 2. Original grant of 30,000 options becomes or became exercisable in 4 equal installments of 7,500 shares on 8/3/2022, 8/3/2023, 8/3/2024, and 8/3/2025. |
| 3. Original grant of 30,000 options became exercisable in 4 equal installments of 7,500 shares on 6/1/2021, 6/1/2022, 6/1/2023, and 6/1/2024. |
| 4. Original grant of 30,000 options became exercisable in 4 equal installments of 7,500 shares on 8/8/2020, 8/8/2021, 8/8/2022, and 8/8/2023. |
| 5. Issued in consideration of the named person's services to the issuer. |
| /s/ April Crisp | 06/04/2025 | |
| ** Signature of Reporting Person | Date | |
| 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. | ||