ONITY GROUP INC. — Director's Dealing 2022

Aug 2, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OCWEN FINANCIAL CORP (OCN)
CIK: 0000873860
Period of Report: 2022-07-31

Reporting Person: ZELENY DENNIS (EVP & Chief Admin. Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-07-31	Common Stock	M	2193	—	Acquired	3868	Direct
2022-07-31	Common Stock	D	2193	—	Disposed	1675	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-07-31	Restricted Stock Units	$	M	2193	Disposed		Common Stock (2193)	Direct

Footnotes

F1: On July 31, 2019, the reporting person was granted 6,579 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant subject to the reporting person's continued employment. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of OCN common stock on the applicable vesting date. All information has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020.

F2: The reported transactions reflect the settlement in cash pursuant to the terms of the award of 2,193 restricted stock units that vested pursuant to the award on July 31, 2022. On July 29, 2022, the last trading day prior to the vesting date, the closing price of OCN common stock was $34.30.

F3: Not applicable.