[Form 4] Mr. Cooper Group Inc. Insider Trading Activity
Jesse K. Bray, CEO and Director of Mr. Cooper Group Inc. (COOP), reported the sale of 30,000 shares of the company's common stock on 09/02/2025. The sales were effected under a previously announced Rule 10b5-1 trading plan adopted by the Jesse K. Bray Living Trust on June 13, 2024, which is now concluded. The weighted-average sale price was $182.43, with individual trade prices ranging from $176.93 to $183.56. After the reported dispositions, the filing shows 633,187 shares beneficially owned indirectly by the Trust and 198,398 shares disposed (as separately listed), with the Form signed by an attorney-in-fact on behalf of the reporting person.
- Sale executed under a documented Rule 10b5-1 trading plan, demonstrating adherence to an established compliance mechanism
- Detailed price disclosure including weighted-average price and price range improves transparency
- Reporting shows substantial remaining indirect ownership (633,187 shares), indicating continued alignment with shareholders
- Reported disposition of 30,000 shares reduced insider holdings
- 10b5-1 plan has concluded, so future scheduled dispositions under that plan are no longer in effect
Insights
TL;DR: Insider sold 30,000 COOP shares under a pre-established 10b5-1 plan; plan has concluded, signaling no ongoing scheduled disposals.
The filing discloses disciplined execution under a documented Rule 10b5-1 plan adopted June 13, 2024, which helps mitigate concerns about trading on material nonpublic information. The weighted-average sale price was $182.43 with trades between $176.93 and $183.56. Post-transaction indirect beneficial ownership via the Jesse K. Bray Living Trust remains material at 633,187 shares, indicating continued significant alignment with shareholders despite the sale. Disclosure was executed via attorney-in-fact and includes an undertaking to provide further price-level details on request.
TL;DR: A senior executive reduced holdings by 30,000 shares through a pre-set plan; transactions appear routine and disclosed properly.
The transaction code reported is 'S' for sale and was implemented pursuant to the Trust's 10b5-1 plan, now concluded. The weighted-average sale price of $182.43 and the disclosed price range provide transparency on execution. The filing does not state any change to overall ownership control or any amendment to compensation arrangements. From an investor-materiality perspective, the sale does not on its face indicate unusual activity beyond the planned disposition.