[Form 4] Mr. Cooper Group Inc. Insider Trading Activity
Rhea-AI Filing Summary
Andrew Bon Salle, a director, reported a sale of 1,329 shares of Mr. Cooper Group Inc. (COOP) on 10/01/2025, leaving him with 0 shares following the transaction. The Form 4 is signed by an attorney-in-fact on 10/03/2025. The filing notes that the reported activity occurred in connection with a merger under an Agreement and Plan of Merger dated March 31, 2025, under which Maverick Merger Sub 2, LLC merged with and into Mr. Cooper and, immediately following, Mr. Cooper merged into Forward Merger Subsidiary, with Forward Merger Subsidiary surviving.
At the merger effective time, each share of Mr. Cooper common stock outstanding immediately prior to the effective time was converted into the right to receive 11 shares of Rocket Companies, Inc. Class A common stock and cash in lieu of fractional shares. The Form 4 reports the disposal and cites the merger-related conversion in the explanatory footnote.
Positive
- Maverick merger completed with explicit conversion terms: 11 shares of Rocket per Mr. Cooper share
- Form 4 includes an explanatory footnote that clearly ties the disposition to the March 31, 2025 merger agreement
Negative
- Director Andrew Bon Salle reported a disposition of 1,329 shares, leaving 0 shares beneficially owned
- The filing reflects a change in the issuer and security form requiring holders to accept stock of Rocket Companies, Inc. and cash for fractions
Insights
Insider sale recorded as part of merger conversion activity.
The Form 4 documents a reported disposition of 1,329 shares by director Andrew Bon Salle on 10/01/2025, with beneficial ownership reduced to 0.
The explanatory footnote explicitly ties the transaction to the completed merger under the March 31, 2025 Agreement and Plan of Merger, which converted each Mr. Cooper share into 11 shares of Rocket Class A stock plus cash for fractional amounts. The filing and footnote are factual; no governance or compliance irregularity is stated.
Form 4 shows post-merger disposition and a change in security form.
The entry uses transaction code J, indicating a disposition due to a corporate transaction, and the filing records the resulting 0 shares owned by the reporting person after the conversion.
This is a routine disclosure following a merger-driven conversion and distribution; the form is signed by an attorney-in-fact on 10/03/2025 and contains the required explanatory language linking the sale to the merger.