SEC FORM 4

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).

1. Name and Address of Reporting Person ^*

Deer Park Road Management Company, LP

(Last)

(First)

(Middle)

1195 BANGTAIL WAY

(Street)

STEAMBOAT SPRINGS

80487

(City)

(State)

(Zip)

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)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)
See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)
05/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/21/2026		A		19,070 ⁽¹⁾ ⁽²⁾	A	$ 0	1,512,284 ⁽³⁾	I	See Footnotes ⁽²⁾ ⁽⁴⁾ ⁽⁶⁾
Common Stock	05/21/2026		A		145 ⁽¹⁾ ⁽²⁾	A	$ 0	11,481 ⁽³⁾	I	See Footnotes ⁽²⁾ ⁽⁵⁾ ⁽⁶⁾

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 (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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. On May 21, 2026, Mary Hickok, Managing Director at Deer Park Road Management Company, LP ("Deer Park"), was granted 19,215 restricted share units ("RSUs") as compensation for her role as a non-management director of Altisource Portfolio Solutions S.A. (the "Issuer") for the 2026-2027 service year. Each RSU represents a contingent right to receive one share of common stock ("Shares"). The RSUs will vest on the date of the Issuer's 2027 Annual General Meeting of Shareholders, provided that Ms. Hickok attends at least 75% of all Board (as defined herein) and committee meetings on which she serves.

2. All income derived in connection with Ms. Hickok's service as a director on the Issuer's board of directors ("Board") belongs, in economic terms, to STS Master Fund, Ltd. and Deer Park 1850 Fund, LP. Ms. Hickok has no right to any compensation received in connection with her service on the Issuer's Board and does not have any pecuniary interest in the Shares reported herein.

3. These numbers have been adjusted to reflect (i) the 1-for-8 reverse stock split the Issuer effected on May 28, 2025, and (ii) a correction in the amount of shares allocated between STS Master Fund, Ltd. and Deer Park 1850 Fund, LP from the RSU grant to Ms. Hickok on May 21, 2025.

4. These securities are held for the account of STS Master Fund, Ltd. Deer Park serves as investment adviser to STS Master Fund, Ltd.

5. These securities are held for the account of Deer Park 1850 Fund, LP. Deer Park serves as investment adviser to Deer Park 1850 Fund, LP.

6. Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Each of Deer Park Road Corporation ("DPRC") and AgateCreek LLC ("AgateCreek") is a member of DPRM. Michael Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the majority owner of DPRC. Scott Edward Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.

Remarks:

Ms. Hickok, Managing Director at Deer Park, serves on the Issuer's Board as a representative of Deer Park. By virtue of their representation on the Board, for purposes of Section 16 of the Exchange Act, the Reporting Persons are deemed to be directors by deputization of Ms. Hickok. This amendment is being filed to (i) adjust the amount of securities beneficially owned following the reported transactions to account for the 1-for-8 reverse stock split the Issuer effected on May 28, 2025, and (ii) correct the allocation of RSUs acquired by STS Master Fund, Ltd. and Deer Park 1850 Fund, LP.

	Deer Park Road Management Company, LP, By: /s/ Bradley W. Craig, Chief Operating Officer	06/08/2026
	** Signature of Reporting Person	Date
	Deer Park Road Management GP, LLC, By: /s/ Bradley W. Craig, Chief Operating Officer	06/08/2026
	** Signature of Reporting Person	Date
	Deer Park Road Corporation, By: /s/ Bradley W. Craig, attorney-in-fact for Michael Craig-Scheckman, Chief Executive Officer of Deer Park Road Corporation	06/08/2026
	** Signature of Reporting Person	Date
	AgateCreek LLC, By: /s/ Bradley W. Craig, attorney-in-fact for Scott Edward Burg, Sole Member of AgateCreek LLC	06/08/2026
	** Signature of Reporting Person	Date
	Michael Craig-Scheckman, By: /s/ Bradley W. Craig, attorney-in-fact for Michael Craig-Scheckman	06/08/2026
	** Signature of Reporting Person	Date
	Scott Edward Burg, By: /s/ Bradley W. Craig, attorney-in-fact for Scott Edward Burg	06/08/2026
	** 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).
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