Aaron D. Wade - 03 Apr 2024 Form 4 Insider Report for OCWEN FINANCIAL CORP (ONIT)

Role: EVP & Chief Investment Officer
Signature: /s/ Leah E. Hutton, Attorney-in-Fact for Aaron D. Wade
Issuer symbol: ONIT
Transactions as of: 03 Apr 2024
Net transactions value: -$66,380
Form type: 4
Filing time: 05 Apr 2024, 17:00:33 UTC
Previous filing: 02 Apr 2024
Next filing: 02 Aug 2024
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		+1,753	+102%		3,475	03 Apr 2024	Direct	F1
transaction	OCN	Common Stock	Tax liability	$22,058	-888	-26%	$24.84	2,587	03 Apr 2024	Direct	F2
transaction	OCN	Common Stock	Options Exercise		+1,537	+59%		4,124	05 Apr 2024	Direct	F3
transaction	OCN	Common Stock	Tax liability	$19,935	-779	-19%	$25.59	3,345	05 Apr 2024	Direct	F2
transaction	OCN	Common Stock	Options Exercise		+1,880	+56%		5,225	05 Apr 2024	Direct	F4
transaction	OCN	Common Stock	Tax liability	$24,387	-953	-18%	$25.59	4,272	05 Apr 2024	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	-1,753	-33%	$0.000000	3,506	03 Apr 2024	Common Stock	1,753		Direct	F1, F5
transaction	OCN	Restricted Stock Units	Options Exercise	$0	-1,537	-50%	$0.000000	1,537	05 Apr 2024	Common Stock	1,537		Direct	F3, F5
transaction	OCN	Restricted Stock Units	Options Exercise	$0	-1,880	-50%	$0.000000	1,881	05 Apr 2024	Common Stock	1,880		Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	On April 3, 2023, the reporting person was granted 5,259 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. 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 April 5, 2022, the reporting person was granted 4,610 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. Each restricted stock unit represents a contingent right to receive one share of OCN common stock on the vesting date.
F4	Not applicable.
F5	On April 5, 2022, the reporting person was granted 5,641 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. Each restricted stock unit represents a contingent right to receive one share of OCN common stock on the vesting date.