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

Mr. Cooper Group CEO, Jesse K. Bray, sold 30,000 shares of common stock at an average price of $97.58, according to a recent SEC filing.

Summary

• Jesse K. Bray, CEO of Mr. Cooper Group Inc., sold 30,000 shares of common stock on December 2, 2024.
• The sale was executed under a pre-arranged 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 $97.58, with individual transaction prices ranging from $97.10 to $98.45.
• Following the transaction, Mr. Bray directly owns 232,071 shares and indirectly owns 788,821 shares through The Jesse K. Bray Living Trust.
• An administrative error was corrected, resulting in a reduction of 19,220 shares previously over-reported.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing for an insider stock sale under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

This is a routine filing for insider transactions and is common for executives who have pre-arranged trading plans. It does not indicate any specific change in the company's outlook or performance.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a common practice among corporate executives to avoid accusations of insider trading.
• The sale of shares by a CEO is not unusual and is often part of personal financial planning.
• The price range of $97.10 to $98.45 is within the normal trading range for the stock.

Stakeholder Impact

• The sale of shares by the CEO may have a minor impact on the stock price, but it is unlikely to be significant given the pre-arranged nature of the transaction.

Key Dates

Keywords

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