Replies to post #668678 on Mr Cooper Group Inc (COOP)

[PickStocks]

Just another two weeks

[JusticeWillWin]

Better read the 8-K from August 24 again.

https://www.sec.gov/ix?doc=/Archives/edgar/data/933136/000115752321001086/a52480914.htm

I've highlighted the important words...

The Company disclosed that on August 23, 2021, Jay Bray, Chairman and Chief Executive Officer, entered into a pre-arranged stock trading plan (the “10b5-1 Plan”) with a brokerage firm to sell up to a maximum of 120,000 shares of the Company’s common stock (“Common Stock”) between September 23, 2021 and September 23, 2022 in order to diversify his investment holdings. The maximum number of shares that could be sold over the twelve-month period represents approximately 10% of Mr. Bray’s current ownership of Common Stock.

The 10b5-1 Plan was designed to comply with the Company’s insider trading policies and the guidelines specified in Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended, which permit an officer or director to enter into a pre-arranged plan for buying or selling Company stock at a time when the officer or director is not in possession of material, nonpublic information about the Company. All sales of Common Stock under the 10b5-1 Plan will be disclosed publicly in accordance with applicable securities laws, rules, and regulations through appropriate filings with the U.S. Securities and Exchange Commission.

It only means, on August 23, when he entered into the pre-arranged stock trading plan, he was not in possesion of MNPI! This could have changed one day later, today, on September 23rd, later, or never if he leaves the company before...

Your post:

Pick,
Fact from 8K :
Jay Bray is privy to MNPI info and he ‘cannot sell his shares’ prior to September 23, 2021.
So after September 23rd , he is free to sell.
Why?
That MNPI will no longer be MNPI after September 23rd.
How ?
They are going to make it public, yes for us peons.
We just need to wait for a max of 2 weeks. We can handle that.
GLTA