ONITY GROUP INC. — Director's Dealing 2022

Mar 31, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OCWEN FINANCIAL CORP (OCN)
CIK: 0000873860
Period of Report: 2022-03-29

Reporting Person: Britti John V. (EVP & Chief Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-29	Common Stock	M	1649	—	Acquired	18582	Direct
2022-03-29	Common Stock	D	1649	—	Disposed	16933	Direct
2022-03-30	Common Stock	M	3000	—	Acquired	19933	Direct
2022-03-30	Common Stock	D	3000	—	Disposed	16933	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-29	Restricted Stock Units	$	M	1649	Disposed		Common Stock (1649)	Direct
2022-03-30	Restricted Stock Units	$	M	3000	Disposed		Common Stock (3000)	Direct

Footnotes

F1: On March 29, 2019, the reporting person was granted 4,945 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second, and third anniversaries of grant. 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. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. The transactions reported on this Form 4 reflect the settlement in cash pursuant to the terms of the award of 1,649 restricted stock units that vested pursuant to the award on March 29, 2022. On March 29, 2022, the closing price of OCN common stock was $24.91.

F2: On March 30, 2020, the reporting person was granted 9,000 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant. 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. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. The transactions reported on this Form 4 reflect the settlement in cash pursuant to the terms of the award of 3,000 restricted stock units that vested pursuant to the award on March 30, 2022. On March 30, 2022, the closing price of OCN common stock was $24.18.

F3: Not applicable.