Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 19

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 19
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 the last three calendar years and the three-year average burn rate:

| Fiscal Year Ending 
 31 December 2024   |     | Options Granted |         – |     | Total Granted |         – |     | Weighted Avg 

# of Common Shares Outstanding | 21,432,698 |     | Burn Rate 
 (%)       | 0.0% |
|:-------------------|:----|:----------------|----------:|:----|:--------------|----------:|:----|:--------------------------------------------|-----------:|:----|:----------|:-----|
| 31 December 2023   |     |                 |         – |     |               |         – |     |                                             | 21,174,856 |     |           | 0.0% |
| 31 December 2022   |     |                 | 1,710,000 |     |               | 1,710,000 |     |                                             | 20,131,323 |     |           | 8.5% |
| 3-Year Average     |     |                 |           |     |               |           |     |                                             |            |     |           | 2.8% |

Summary of the 2025 Equity Plan

ADMINISTRATION

The 2025 Equity Plan authorizes a “Committee”
(currently the Compensation Committee) to interpret the 2025 Equity Plan, to promulgate, amend and rescind rules and regulations relating
to the 2025 Equity Plan and to make all other determinations necessary or advisable for its administration. The Committee may delegate
all or a portion of its powers, authority and obligations under the 2025 Equity Plan to (i) one or more separate committees consisting
of members of the Compensation Committee or other members of the Board who are Eligible Directors or (ii) officers of the Company, to
the extent permitted under applicable law and the listing standards of the national securities exchange upon which shares of our Common
Stock are listed.

The 2025 Equity Plan provides that members of
the Committee and any employee of the Company or a Subsidiary to whom authority or administrative responsibilities has been delegated
will not be liable for any action or determination made in good faith with respect to the 2025 Equity Plan. In addition, under the 2025
Equity Plan, the Company has agreed to indemnify the Committee members for reasonable expenses incurred in connection with the defense
of any action, suit or proceeding involving any action