DENNIS ZELENY - 02 Mar 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (ONIT)

Role: EVP & Chief Admin. Officer
Signature: /s/ Leah E. Hutton, Attorney-in-Fact for Dennis Zeleny
Issuer symbol: ONIT
Transactions as of: 02 Mar 2022
Net transactions value: -$33,516
Form type: 4
Filing time: 04 Mar 2022, 15:59:55 UTC
Previous filing: 03 Aug 2021
Next filing: 14 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OCN	Common Stock	Options Exercise		+2,315	+693%		2,649	02 Mar 2022	Direct	F1
transaction	OCN	Common Stock	Tax liability	$33,516	-1,194	-45%	$28.07	1,455	02 Mar 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	OCN	Restricted Stock Units	Options Exercise	$0	-2,315	-33%	$0.000000	4,631	02 Mar 2022	Common Stock	2,315		Direct	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of OCN common stock on the vesting date.
F2	Shares withheld pursuant to terms of the award to cover tax withholding obligations.
F3	On March 2, 2021, the reporting person was granted 6,946 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second, and third anniversaries of grant, subject to the reporting person's continued employment and certain other conditions.
F4	Not applicable.