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, sold 30,000 shares of common stock on May 1, 2025, at an average price of $120.14, according to a Form 4 filing with the SEC.

Summary

• On May 1, 2025, Jesse K. Bray, the CEO of Mr. Cooper Group Inc., sold 30,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $120.14 per share, with individual transactions ranging from $117.85 to $121.27.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted by The Jesse K. Bray Living Trust on June 13, 2024.
• Following the sale, Mr. Bray directly owns 198,398 shares and indirectly owns 757,387 shares through The Jesse K. Bray Living Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a positive or negative outlook for the company.

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 this transaction to other mortgage servicing companies, insider sales are a regular part of executive compensation and portfolio management.
• For example, executives at PennyMac Financial Services and Rithm Capital have also periodically sold shares under similar 10b5-1 plans.
• The size of the sale (30,000 shares) is within a typical range for executives at companies of Mr. Cooper's size.

Stakeholder Impact

• The sale could have a minor negative impact on shareholder sentiment if misinterpreted as a lack of confidence by the CEO, but the 10b5-1 plan mitigates this concern.
• Employees and other stakeholders are unlikely to be directly affected by this transaction.

Key Dates

Keywords

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