Form 4: Mr. Cooper Group CEO Jesse K. Bray Sells 25,000 Shares

Mr. Cooper Group's CEO, Jesse K. Bray, sold 25,000 shares of common stock on August 29, 2024, at a weighted average price of $92.57 per share.

Summary

• On August 29, 2024, Jesse K. Bray, the CEO of Mr. Cooper Group Inc., sold 25,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $92.57 per share, with individual transactions ranging from $91.89 to $93.00.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted by the Jesse K. Bray Living Trust on June 14, 2023, which has now concluded.
• Following the sale, Jesse K. Bray directly owns 926,001 shares and indirectly owns 209,631 shares through The Jesse K. Bray Living Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a standard insider transaction under a pre-existing trading plan. It doesn't inherently indicate positive or negative prospects for the company.

Industry Context

This is a routine Form 4 filing, disclosing an insider transaction. Insider sales can sometimes be interpreted negatively by the market, but the existence of a pre-arranged 10b5-1 trading plan mitigates this concern.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, although the pre-arranged trading plan mitigates concerns.

Key Dates