Jacques J. Busquet - 01 Jun 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (ONIT)

Role: Director
Signature: /s/ Leah E. Hutton, Attorney-in-Fact for Jacques J. Busquet
Issuer symbol: ONIT
Transactions as of: 01 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 01 Jun 2022, 16:15:33 UTC
Previous filing: 27 May 2022
Next filing: 25 May 2023
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		+4,166	+14%		34,794	01 Jun 2022	Direct	F1, 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	-4,166	-100%	$0.000000^*	0	01 Jun 2022	Common Stock	4,166		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	On May 30, 2019, the reporting person was granted 4,166 restricted stock units (RSUs) representing a contingent right to receive one share of OCN common stock for no additional consideration which vested May 30, 2020, with respect to which the underlying shares were not deliverable until June 1, 2022. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020.
F2	Includes 1,000 shares held jointly with spouse. Also includes 4,766 RSUs vesting May 25, 2023, subject to certain conditions relating to the reporting person's service as a director of the issuer, with respect to which the underlying shares of common stock will be delivered on May 25, 2023.
F3	Not applicable.