Form 4: Director's Shares Converted in Rocket-Mr. Cooper Merger

Director Tagar Olson's 24,306 shares in Maverick Merger Sub 2, LLC were converted into Rocket Companies stock following a two-step merger involving Mr. Cooper Group Inc.

Summary

• Tagar Olson, a director of Maverick Merger Sub 2, LLC, reported a change in beneficial ownership.
• On October 1, 2025, 24,306 shares of common stock in Maverick Merger Sub 2, LLC were disposed of.
• This disposition occurred as part of a merger agreement dated March 31, 2025, involving Rocket Companies, Inc. ("Rocket"), Maverick Merger Sub, Inc., Maverick Merger Sub 2, LLC ("Forward Merger Subsidiary"), and Mr. Cooper Group Inc. ("Mr. Cooper").
• The merger involved Mr. Cooper Group Inc. merging into Maverick Merger Sub, Inc., and subsequently into Forward Merger Subsidiary, with Forward Merger Subsidiary surviving.
• 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., plus cash for fractional shares.
• Following this transaction, Tagar Olson beneficially owns 0 shares of Maverick Merger Sub 2, LLC.

Sentiment

Score: 6

Explanation: The filing reports a completed corporate action (merger) and a mandatory insider transaction, which is generally neutral but the completion of a merger can be seen as a positive step for the involved entities. The conversion into shares of a larger entity is also a positive for the reporting person.

Positives

• The completion of the merger between Mr. Cooper Group Inc. and Rocket Companies, Inc. signifies a strategic consolidation in the industry.
• The reporting person's shares were converted into stock of Rocket Companies, Inc., a larger publicly traded entity, potentially offering increased liquidity and market exposure.

Negatives

• No explicit negative impacts for the reporting person or the company are detailed in this Form 4 filing.

Risks

• No specific risks related to the merger or the company's operations are detailed in this Form 4 filing, which focuses solely on an insider's transaction.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This transaction reflects ongoing consolidation within the financial services and mortgage lending industry, where larger entities like Rocket Companies are expanding their market share and operational scale through strategic acquisitions such as Mr. Cooper Group Inc.

Comparison to Industry Standards

• Not applicable to this type of insider transaction report, which details a specific share conversion following a merger rather than operational or financial performance against industry benchmarks.

Related Party Transactions

• The filing details a merger transaction, which by its nature involves significant dealings between the merging entities. However, it does not disclose specific related party transactions beyond the merger agreement itself.

Stakeholder Impact

• Shareholders of Mr. Cooper Group Inc. had their shares converted into Class A common stock of Rocket Companies, Inc., altering their investment vehicle.
• Shareholders of Rocket Companies, Inc. now hold an interest in a larger, combined entity, potentially impacting future earnings and market position.

Key Dates

Keywords

SEC Form 4, insider transaction, beneficial ownership, merger, acquisition, Rocket Companies, Mr. Cooper Group, COOP, stock conversion, corporate action