Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 20

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 20
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 taken or a failure to act with respect to the 2025 Equity Plan.

PARTICIPANTS

The Committee determines those eligible Participants
or classes of Participants to be granted Awards, the type of Awards and the amounts, terms and conditions of the Awards. As of the Record
Date, the Company has approximately 900 employees and eight non-employee directors, all of whom are eligible to participate in the 2025
Equity Plan, however based on past practice and present policy, it would be reasonable to expect that it will be the Company’s officer
employees (27 individuals) and its eight non-employee directors who will receive awards under the 2025 Equity Plan. As of the Record Date,
approximately 37 Participants held outstanding Awards.

SHARE LIMIT

Subject to adjustment as described below, the
Share Limit under the 2025 Equity Plan will not exceed in the aggregate (i) 4,501,330 shares of Common Stock, plus (ii) shares of Common
Stock subject to outstanding Awards under the 2006 Equity Plan (as of the Effective Date) that, after such Effective Date, are forfeited,
surrendered, terminated (other than by exercise), cancelled, lapsed or reacquired by the Company prior to vesting, without the delivery
of any shares of Common Stock, and otherwise comply with the recycling provisions of the 2006 Equity Plan and 2025 Equity Plan.

Awards issued under the 2025 Equity Plan will
count against the Share Limit on the date of grant as one share of Common Stock for each share of Common Stock covered by such Awards.

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If any shares of Common Stock covered by an Award
are not purchased and are forfeited, cancelled, reacquired by the Company prior to vesting or expired or if an Award otherwise expires
or terminates without delivery of Common Stock subject to such Award, then the related number of shares of Common Stock will not be counted
against the Share Limit and will again be available for making Awards under the 2025 Equity Plan after such event in an amount corresponding
to the reduction in the Share Limit previously made with respect to such Awards. Notwithstanding the foregoing, the following will not
be added back to the Share Limit: (x) shares of Common Stock tendered to, or withheld by, the Company as full or partial payment of the
exercise price and strike price of Stock Options and SARs, respectively; (ii) shares of Common Stock reserved for issuance upon the grant