Consumer Portfolio Services (CPSS) Form 4 CONSUMER PORTFOLIO SERVICES / Brian Rayhill ownership change

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^*

Rayhill Brian

(Last) (First) (Middle)

3800 HOWARD HUGHES PARKWAY, SUITE 1400

(Street)

LAS VEGAS NV 89169

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CONSUMER PORTFOLIO SERVICES, INC. [ CPSS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
05/02/2023

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

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

X	Form filed by One Reporting Person
	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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, no par value	05/02/2023		M		40,000	A	$7.97	162,031	D
Common Stock, no par value	05/02/2023		F(1)		30,019	D	$10.62	132,012	D
Common Stock, no par value	05/02/2023		M		30,000	A	$3.48	162,012	D
Common Stock, no par value	05/02/2023		F(2)		9,831	D	$10.62	152,181	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$7.97	05/02/2023		M			40,000	11/07/2013	05/07/2023	Common Stock, No Par Value	40,000	(3)	0	D
Stock Option (right to buy)	$3.48	05/02/2023		M			30,000	11/12/2016	05/12/2023	Common Stock, No Par Value	30,000	(3)	0	D

Explanation of Responses:

1. Represents a "net exercise" of outstanding stock options. The reporting person received 9,981 shares of common stock on net exercise of option to purchase 40,000 shares of common stock. The reporting person forfeited 30,019 shares of common stock underlying the option in payment of the exercise prices, using the closing stock price on May 2,2023 of $10.62 per share.

2. Represents a "net exercise" of outstanding stock options. The reporting person received 20,169 shares of common stock on net exercise of option to purchase 30,000 shares of common stock. The reporting person forfeited 9,831 shares of common stock underlying the option in payment of the exercise prices, using the closing stock price on May 2, 2023 of $10.62 per share.

3. Issued in consideration of the named person's services to the issuer.

	/s/ Brian Rayhill	05/04/2023
	** 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).
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