[Form 4] Mr. Cooper Group Inc. Insider Trading Activity
Rhea-AI Filing Summary
Olson Tagar, identified as a Director, reported a transaction for Maverick Merger Sub 2, LLC (issuer related to Mr. Cooper Group Inc. — COOP) dated 10/01/2025. The Form 4 shows a disposition of 24,306 shares of Mr. Cooper common stock (transaction code J), leaving the reporting person with 0 shares reported as beneficially owned after the transaction. The filing states this disposition occurred in connection with a merger: under an Agreement and Plan of Merger dated March 31, 2025, Mr. Cooper was merged into Maverick Merger Sub and then into Maverick Merger Sub 2, LLC, and each outstanding share of Mr. Cooper common stock was converted into the right to receive 11 shares of Rocket Companies, Inc. Class A common stock plus cash in lieu of fractional shares. The form is signed by Katherine K. Connell, Attorney-in-Fact on 10/03/2025.
Positive
- Merger conversion ratio of 11:1 provides clear, quantifiable consideration for each Mr. Cooper share
- Transaction explicitly disclosed and reported on Form 4, preserving transparency about insider holdings
Negative
- Reporting person holds 0 shares following the reported transaction
- Disposition of 24,306 shares reduces direct insider ownership in the pre-merger instrument
Insights
Director's holdings were fully converted and disposed as part of the COOP merger into Rocket stock on 10/01/2025.
The Form 4 documents a 24,306-share disposition recorded with transaction code J, and reports 0 shares held after the transaction. The filing explicitly ties the disposition to the Agreement and Plan of Merger dated March 31, 2025, which converted each Mr. Cooper share into 11 shares of Rocket Class A stock plus cash for fractional shares.
This is a conversion and post-closing reporting event rather than a voluntary market sale by the director; the filing shows the change in beneficial ownership resulting from the corporate combination rather than a block trade.