Jesse K. Bray - Dec 29, 2023 Form 4 Insider Report for Mr. Cooper Group Inc. (COOP)

Signature
/s/Katherine K. Connell, Attorney-in-Fact
Stock symbol
COOP
Transactions as of
Dec 29, 2023
Transactions value $
-$1,634,250
Form type
4
Date filed
1/2/2024, 04:19 PM
Previous filing
Nov 30, 2023
Next filing
Jan 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COOP Common Stock Sale -$1.63M -25K -5.67% $65.37 416K Dec 29, 2023 By The Jesse K. Bray Living Trust F1, F2
holding COOP Common Stock 884K Dec 29, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 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 (the "Trust") on June 14, 2023.
F2 The price reported in Column 4 is a weighted average price; the shares were sold in multiple transactions at prices ranging from $65.03 to $66.12, inclusive. Reporting Person, on behalf of the Trust, undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.