X0306 4 2019-10-01 0001025953 NOVATION COMPANIES, INC. NOVC 0000904853 Amster Howard C/O NOVATION COMPANIES, INC. 9229 WARD PARKWAY, SUITE 340 KANSAS CITY MO 64114 1 Common Stock 2019-10-01 4 A 0 500000 0 A 3526567 D Grant of restricted shares of common stock under the Novation Companies, Inc. 2015 Incentive Stock Plan as a portion of the annual base compensation for each non-employee director. The restricted shares will vest as follows - fifty (50%) percent on October 1, 2020 and fifty (50%) percent on October 1, 2021. /s/ Howard Amster 2019-10-02