Glen A. Messina - 11 Apr 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (ONIT)

Role: President & CEO, Director
Signature: /s/ Leah E. Hutton, Attorney-in-Fact for Glen A. Messina
Issuer symbol: ONIT
Transactions as of: 11 Apr 2022
Net transactions value: -$120,806
Form type: 4
Filing time: 12 Apr 2022, 16:15:40 UTC
Previous filing: 04 Apr 2022
Next filing: 25 May 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		+12,563	+12%		118,896	11 Apr 2022	Direct	F1, F2
transaction	OCN	Common Stock	Tax liability	$120,806	-5,822	-4.9%	$20.75	113,074	11 Apr 2022	Direct	F2, F3

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	-12,563	-100%	$0.000000^*	0	11 Apr 2022	Common Stock	12,563		Direct	F1, F4, F5

* 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 applicable vesting date.
F2	Includes 20,554 shares held jointly with spouse.
F3	Shares withheld pursuant to terms of the award to cover tax withholding obligations.
F4	On April 11, 2019, the reporting person was granted 37,688 restricted stock units scheduled to vest in three equal annual installments on the first, second and third anniversaries of grant. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020.
F5	Not applicable.