4/A: Omada Health CFO Corrects Ownership Filing

Omada Health's Chief Financial Officer, Steven L. Cook, has filed an amended Form 4 to correct previously omitted stock option exercise transactions.

Summary

• Steven L. Cook, Chief Financial Officer of Omada Health, Inc., filed an amended Form 4 (Form 4/A) on July 8, 2026, to restate in its entirety a previous Form 4 filed on June 26, 2026.
• The amendment corrects inadvertently omitted stock option exercise transactions that occurred on June 24, 2026, and June 25, 2026.
• These exercises were part of same-day exercise-and-sale transactions, with the sales having been timely reported in the original Form 4.
• The omission led to an understatement of the beneficial ownership of securities following the sales, which has now been adjusted.
• Specifically, 2,600 shares were exercised on June 24, 2026, at $8.01 per share, and 300 shares were exercised on June 25, 2026, at $8.01 per share.
• Following these corrections, the reported beneficial ownership of common stock is 187,209 shares as of June 25, 2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral filing, primarily a procedural correction of an administrative oversight rather than a reflection of new company performance or strategic shifts.

Positives

• The company has demonstrated a commitment to accurate and timely reporting through the filing of an amendment to correct an oversight.
• The correction ensures that beneficial ownership figures are accurately reflected, providing a clearer picture of insider holdings.
• The transactions were executed under a Rule 10b5-1 trading plan, indicating a pre-planned and structured approach to stock transactions by management.

Negatives

• An initial omission in the Form 4 filing led to an inaccurate representation of beneficial ownership, requiring a subsequent amendment.
• The weighted average sale price for the transactions on June 24, 2026, was $19.0173, and on June 25, 2026, was $19.0033, indicating sales at a significant premium to the exercise price.

Risks

• The need for an amendment to a SEC filing can sometimes raise questions about internal controls and reporting processes, although in this case it appears to be a procedural correction.
• The filing does not detail any new risks or changes to existing risk factors for the company.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Management Comments

• The Form 4/A restates in its entirety the original Form 4 filed on 6/26/2026 to report exercise transactions that were inadvertently omitted from the original filing.
• The exercises reported herein were part of same-day exercise-and-sale transactions, and the corresponding sales were timely reported in the original Form 4.
• Due to the omission of these exercise transactions, the amount of securities beneficially owned following the sales was understated.
• The amount of securities beneficially owned has been adjusted in Box 5 of Table I of this Form 4/A to correct the aforementioned error.
• Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 14, 2026.
• The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The correction of an omission, especially concerning stock option exercises and sales, is a procedural matter that aims to maintain transparency. The use of a 10b5-1 plan by Omada Health's CFO aligns with best practices for managing insider stock transactions in a pre-determined manner.

Stakeholder Impact

• Shareholders: Increased transparency regarding insider holdings and transactions, ensuring accurate reporting of beneficial ownership.
• Management: Reinforces the importance of accurate and timely SEC filings and adherence to reporting procedures.
• Regulatory Bodies (SEC): Ensures compliance with Section 16(a) of the Securities Exchange Act of 1934.

Next Steps

• The filing is complete as an amendment to a prior filing.
• No further immediate actions are indicated by this specific filing.

Key Dates

Keywords

Form 4/A, Omada Health, Steven L. Cook, Stock Options, Beneficial Ownership, SEC Filing, Insider Trading, 10b5-1 Plan, Amendment, Exercise