---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-028354"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2025-12-18T23:59:59+00:00"
generated_at: "2026-05-16T12:50:50.257261+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Oaktree exercises warrants for 1.18M shares; Onity issues 462k net, eliminating all warrant dilution

## Summary
- Oaktree funds exercised warrants for 1,184,768 shares at $26.82; Onity settled net with 462,762 shares at $44.01 trailing average.
- No remaining warrants outstanding after exercise, removing future dilution uncertainty.
- Implied book value dilution of $3.38 (5.4%) based on Sept 30 book value of $62.21; post-issuance shares 8,521,636.
- Oaktree's board observer rights terminated in September 2025 after ownership fell below threshold.

## SEC filing metadata
- accession: 0001493152-25-028354
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2025-12-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/873860/000149315225028354/0001493152-25-028354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315225028354/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-028354
- JSON: https://secwatch.observer/filing/0001493152-25-028354.json
- Plain text: https://secwatch.observer/filing/0001493152-25-028354.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.