Form 4: Mr. Cooper CEO Sells 30,000 Shares Under 10b5-1 Plan

Mr. Cooper Group Inc. CEO Jesse K. Bray sold 30,000 shares of common stock for approximately $5.47 million through a pre-arranged 10b5-1 trading plan.

Summary

• Jesse K. Bray, CEO and Director of Mr. Cooper Group Inc., sold 30,000 shares of the company's common stock.
• The transaction occurred on September 2, 2025, at a weighted average price of $182.43 per share, with individual sales ranging from $176.93 to $183.56.
• The total value of the shares sold is approximately $5,472,900.
• This sale was executed under a Rule 10b5-1 trading plan adopted by The Jesse K. Bray Living Trust on June 13, 2024, and this specific plan is now concluded.
• Following the transaction, Jesse K. Bray beneficially owns 198,398 shares directly and 633,187 shares indirectly through The Jesse K. Bray Living Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While an insider sale can be seen as negative, the fact that it was executed under a pre-arranged 10b5-1 plan mitigates concerns about opportunistic selling. It represents a planned portfolio management action rather than a reaction to new negative information.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and not reactive disposition of shares, which can mitigate concerns about opportunistic selling.
• The 10b5-1 plan, adopted on June 13, 2024, is now concluded, providing clarity on the specific selling activity under this plan.

Negatives

• An insider sale, even if pre-planned, can sometimes be perceived negatively by the market as it reduces the CEO's direct equity stake in the company.

Future Outlook

NA

Industry Context

This is a routine insider transaction under a pre-arranged plan and does not inherently reflect broader industry trends. The transaction primarily relates to the individual executive's personal portfolio management.

Stakeholder Impact

• Shareholders: The sale reduces the CEO's direct ownership stake, which could be interpreted in various ways, though the 10b5-1 plan context lessens negative implications. The CEO still retains a significant beneficial ownership.

Key Dates

Recommendation

The filing reports a pre-planned insider sale by the CEO, which is a routine event under a 10b5-1 plan. It does not provide new fundamental information about the company's operations, financial health, or strategic direction that would warrant a change in investment thesis. Investors should consider this a planned liquidity event rather than a signal of deteriorating company prospects. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals rather than this specific transaction.

Keywords

Mr. Cooper Group Inc., COOP, Jesse K. Bray, Insider Sale, Form 4, 10b5-1 Plan, CEO, Director, Equity Transaction, Stock Sale