Form 4: Mr. Cooper Group CEO Jesse K. Bray Sells 30,000 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Mr. Cooper Group's CEO, Jesse K. Bray, sold 30,000 shares of common stock on February 3, 2025, as part of a pre-arranged Rule 10b5-1 trading plan.
Summary
- On February 3, 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 $102.6 per share, with individual transactions ranging from $101.31 to $103.69.
- The transaction was conducted under a pre-existing Rule 10b5-1 trading plan established by The Jesse K. Bray Living Trust on June 13, 2024.
- Following the sale, Mr. Bray directly owns 232,071 shares and indirectly owns 728,821 shares through The Jesse K. Bray Living Trust.
Sentiment
Score: 5
Explanation: The document reports a routine stock sale under a pre-arranged trading plan, which is neither particularly positive nor negative.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.
Stakeholder Impact
- The sale of shares by the CEO could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2024/06/13 | Date the Jesse K. Bray Living Trust adopted the Rule 10b5-1 trading plan |
| 2025/02/03 | Date of the stock sale transaction |
| 2025/02/04 | Date of the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.