Form 4: Director Sells All Shares Post-Merger

Steven D. Scheiwe, a director, reported the disposition of all his beneficial ownership in Maverick Merger Sub 2, LLC following a merger.

Summary

• Steven D. Scheiwe, a director of Maverick Merger Sub 2, LLC, reported changes in his beneficial ownership.
• On October 1, 2025, he disposed of 49,596 shares of common stock held directly.
• An additional 32,803 shares of common stock were disposed of indirectly through the Scheiwe Family Living Trust on the same date.
• These transactions resulted in zero beneficial ownership of the issuer's common stock following the reported dispositions.
• The dispositions were a direct consequence of an Agreement and Plan of Merger, dated March 31, 2025.
• The merger involved Rocket Companies, Inc., Maverick Merger Sub, Inc., Maverick Merger Sub 2, LLC, and Mr. Cooper Group Inc.
• As part 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., plus cash in lieu of fractional shares.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual report of a director's share disposition due to a completed merger, not reflecting ongoing operational performance or strategic shifts.

Positives

• The merger agreement established a clear conversion ratio, where each Mr. Cooper common stock share was exchanged for 11 shares of Rocket Class A common stock, providing a defined outcome for shareholders.

Future Outlook

No forward-looking statements or guidance are provided in this filing, as it primarily reports a completed insider transaction resulting from a merger.

Industry Context

This filing reflects a significant consolidation event within the financial services or mortgage industry, specifically the acquisition of Mr. Cooper Group Inc. by Rocket Companies, Inc., indicating ongoing M&A activity in the sector.

Related Party Transactions

• Disposition of 32,803 shares of common stock held indirectly by the Scheiwe Family Living Trust, which is beneficially owned by the reporting director.

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.
• Steven D. Scheiwe, a director, no longer holds beneficial ownership in the surviving entity (Maverick Merger Sub 2, LLC), indicating a complete exit of his equity interest in the former Mr. Cooper Group Inc.

Key Dates

Keywords

Form 4, Insider Transaction, Merger, Acquisition, Share Disposition, Steven D. Scheiwe, Maverick Merger Sub 2, Mr. Cooper Group, Rocket Companies