Form 4: Mr. Cooper Group CEO Sells Shares Under Pre-Arranged Trading Plan

Mr. Cooper Group Inc.'s CEO, Jesse K. Bray, sold 30,000 shares of common stock for approximately $3.8 million through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Jesse K. Bray, Chief Executive Officer and Director of Mr. Cooper Group Inc. (COOP), reported the sale of 30,000 shares of common stock.
• The transaction occurred on June 2, 2025, and was executed by The Jesse K. Bray Living Trust.
• The shares were sold at a weighted average price of $126.81 per share, with prices ranging from $124.50 to $128.57.
• The total value of the shares sold is approximately $3,804,300.
• This sale was conducted pursuant to a Rule 10b5-1 trading plan adopted by the Trust on June 13, 2024.
• Following the transaction, The Jesse K. Bray Living Trust indirectly beneficially owns 727,387 shares of common stock, and Jesse K. Bray directly owns 198,398 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While insider selling can be a negative signal, the fact that it was conducted under a pre-arranged Rule 10b5-1 plan mitigates concerns about opportunistic trading, indicating a planned liquidity event rather than a reaction to adverse company news.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned transaction rather than an immediate reaction to market conditions, which can reduce concerns about insider selling.

Negatives

• The sale of 30,000 shares by a key executive, even if pre-planned, can sometimes be perceived negatively by investors as it reduces the insider's direct equity exposure to the company.

Risks

• While executed under a 10b5-1 plan, significant insider selling can sometimes lead to negative market sentiment or speculation regarding the company's future prospects, potentially impacting share price.

Future Outlook

This Form 4 filing reports a past transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The sales reported on this Form 4 were effected pursuant to a previously announced Rule 10b5-1 trading plan adopted by the Jesse K. Bray Living Trust on June 13, 2024.

Industry Context

This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive landscape beyond the company's stock activity.

Comparison to Industry Standards

• The use of a Rule 10b5-1 trading plan for insider stock sales is a common and accepted practice among executives in publicly traded companies, aligning with corporate governance best practices to mitigate concerns about opportunistic trading.

Corporate Governance

Related Party Transactions

• The sale of shares was conducted by The Jesse K. Bray Living Trust, which is an indirect beneficial owner and a related party to Jesse K. Bray, the Chief Executive Officer and Director.

Stakeholder Impact

• Shareholders may observe the reduction in direct equity ownership by the CEO, though the pre-planned nature of the sale under a 10b5-1 plan typically lessens negative interpretations.
• The transaction itself does not directly impact employees, customers, suppliers, or creditors.

Next Steps

• No specific future actions or milestones are mentioned in this Form 4 filing beyond the completion of the reported transaction.

Key Dates

Keywords

Mr. Cooper Group Inc., COOP, Jesse K. Bray, Insider Trading, SEC Form 4, Stock Sale, Rule 10b5-1 Plan, CEO, Director, Equity Transaction