Mr. Cooper CEO Jesse Bray disposes 30,000 COOP shares via 10b5-1 plan
Rhea-AI Filing Summary
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
Positive
- 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
Negative
- 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- 10b5-1 plan has concluded, so future scheduled dispositions under that plan are no longer in effect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.