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

Mr. Cooper Group's CEO, Jesse K. Bray, sold 30,000 shares of common stock on November 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On November 1, 2024, 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 $88.41 per share.
• The shares were sold in multiple transactions with prices ranging from $87.74 to $89.26.
• 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 251,291 shares and indirectly owns 818,821 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. It 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 trading 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.

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