Form 4: Director's Shares Converted in Rocket-Mr. Cooper Merger
Insider Transaction Report
A director of Maverick Merger Sub 2, LLC reported the conversion of 24,740 shares of common stock to zero beneficial ownership following the merger with Mr. Cooper Group Inc. and Rocket Companies, Inc.
Summary
- Shveta Mujumdar, a director of Maverick Merger Sub 2, LLC, reported a change in beneficial ownership of the issuer's common stock.
- The transaction, dated October 1, 2025, involved the disposition of 24,740 shares of common stock.
- Following this transaction, Ms. Mujumdar's beneficial ownership in Maverick Merger Sub 2, LLC is 0 shares.
- This change resulted from an Agreement and Plan of Merger, dated March 31, 2025, involving Rocket Companies, Inc., Maverick Merger Sub, Inc., Maverick Merger Sub 2, LLC, and Mr. Cooper Group Inc.
- As part of the merger, Mr. Cooper Group Inc. merged with and into Maverick Merger Sub 2, LLC, with Maverick Merger Sub 2, LLC surviving.
- At the effective time of the merger, each share of Mr. Cooper common stock was converted into the right to receive 11 shares of Class A common stock of Rocket Companies, Inc., along with cash in lieu of fractional shares.
Sentiment
Score: 5
Explanation: The filing is a neutral, mandatory disclosure of a completed insider transaction resulting from a merger, not indicative of positive or negative company performance.
Future Outlook
NA
Industry Context
This filing reflects a completed corporate acquisition within the financial services or mortgage industry, where Mr. Cooper Group Inc. was acquired by Rocket Companies, Inc. Such mergers are common strategies for consolidation, market expansion, or achieving synergies in competitive sectors.
Stakeholder Impact
- Shareholders of Mr. Cooper Group Inc. had their shares converted into Class A common stock of Rocket Companies, Inc., impacting their investment holdings and future returns tied to Rocket's performance.
- The reporting person, as a director, has adjusted her beneficial ownership in the merged entity as a result of the corporate action.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of the Agreement and Plan of Merger between Rocket Companies, Inc., Maverick Merger Subsidiary, Maverick Merger Sub 2, LLC, and Mr. Cooper Group Inc. |
| 10/01/2025 | Date of the reported transaction (disposition of common stock). |
| 10/03/2025 | Signature date of the reporting person. |
Keywords
SEC Form 4, insider transaction, merger, stock conversion, Rocket Companies, Mr. Cooper Group, Maverick Merger Sub 2 LLC, beneficial ownership
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