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 on April 1, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 1, 2025, Jesse K. Bray, CEO of Mr. Cooper Group Inc., sold 30,000 shares of common stock.
• The sale was executed under a previously established Rule 10b5-1 trading plan adopted by The Jesse K. Bray Living Trust on June 13, 2024.
• The shares were sold at a weighted average price of $123.49, with individual transaction prices ranging from $120.10 to $126.39.
• Following the transaction, Mr. Bray directly owns 198,398 shares and indirectly owns 787,387 shares through The Jesse K. Bray Living Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing an insider stock sale under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information. Investors often monitor insider transactions for signals about a company's prospects, but sales under 10b5-1 plans are generally viewed as less informative.

Comparison to Industry Standards

• Comparing Mr. Cooper Group's insider trading activity to peers like Rocket Companies (RKT) or PennyMac Financial Services (PFSI) would require analyzing their respective Form 4 filings over a similar period.
• Generally, the volume and frequency of insider transactions are benchmarked against industry averages to assess whether the activity is typical or indicative of specific company events or sentiment.
• For example, if other mortgage servicing companies' executives are also selling shares under 10b5-1 plans, it might reflect broader industry trends or personal financial planning rather than company-specific concerns.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although the effect is likely to be minimal given the pre-planned nature of the sale and the relatively small volume compared to the company's overall market capitalization.

Key Dates

Keywords

Mr. Cooper Group, Jesse K. Bray, stock sale, Form 4, Rule 10b5-1, insider trading, COOP, CEO