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., has filed a Form 4/A to amend a previous Form 4 filing.
• The amendment corrects an omission of stock option exercise transactions that occurred on June 22, 2026.
• These exercises were part of same-day exercise-and-sale transactions, with the sales having been reported in the original Form 4.
• The omission led to an understatement of the securities beneficially owned following the sales.
• Specifically, 6,839 shares were acquired via option exercise at $8.01 per share, and 11,111 shares were acquired via option exercise at $7.68 per share.
• Following these corrections, the total number of common stock beneficially owned is now reported as 187,209 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral; it's a corrective action for an administrative error rather than a reflection of new strategic information or significant performance changes.

Positives

• The filing corrects an administrative error, ensuring accurate reporting of beneficial ownership.
• The correction clarifies that the previously reported sales were preceded by timely option exercises.
• The transactions were conducted under a Rule 10b5-1 trading plan, indicating pre-planned and potentially less market-sensitive activity.

Negatives

• An administrative error led to an omission in the original filing, requiring an amendment.
• The weighted average sale price of $18.1278 for 17,950 shares indicates a significant difference between the exercise price of options and the sale price.

Risks

• The original filing's omission could raise questions about internal controls and reporting accuracy, although it is presented as an administrative error.
• The significant difference between option exercise prices and sale prices, while not inherently negative, highlights the potential for substantial gains for executives.

Future Outlook

The filing itself does not contain forward-looking statements or guidance. It is a report of past transactions.

Management Comments

• "This Form 4/A restates in its entirety the original Form 4 filed on 6/24/2026 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 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 for reporting insider transactions in publicly traded companies. Amendments like this are common to correct administrative errors, but significant omissions can sometimes draw scrutiny. The use of a 10b5-1 plan is a positive indicator of structured and pre-planned executive trading.

Stakeholder Impact

• Shareholders: Increased transparency and accuracy in reporting beneficial ownership, which is crucial for market confidence.
• Management: Reinforces the importance of meticulous record-keeping and timely filing of SEC documents.
• Regulators (SEC): Ensures compliance with reporting requirements.

Next Steps

• The company and reporting person are expected to maintain accurate and timely SEC filings.
• Further transactions by Steven L. Cook will be reported on subsequent Form 4 filings.

Key Dates

Keywords

Omada Health, OMDA, Form 4, Steven L. Cook, Chief Financial Officer, Stock Options, Beneficial Ownership, SEC Filing, Insider Trading, 10b5-1 Plan, Amendment