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

Mr. Cooper Group's CEO, Jesse K. Bray, executed a sale of 30,000 shares of common stock at an average price of $94.49, as part of a pre-arranged Rule 10b5-1 trading plan.

Summary

• On January 2, 2025, Jesse K. Bray, the CEO of Mr. Cooper Group Inc., sold 30,000 shares of common stock.
• The sale was executed at a weighted average price of $94.49 per share, with individual transactions ranging from $93.50 to $97.00.
• The transaction was conducted under a pre-existing Rule 10b5-1 trading plan adopted by The Jesse K. Bray Living Trust on June 13, 2024.
• Following the transaction, Mr. Bray directly owns 232,071 shares and indirectly owns 758,821 shares through The Jesse K. Bray Living Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a pre-planned stock sale by the CEO. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on insider information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, but the pre-planned nature of the sale mitigates concerns about insider information.

Key Dates