Form 4: Omada Health Director Trevor Fetter Reports Significant Stock Transactions Including RSU Grant and Preferred Stock Conversion

Omada Health Director Trevor Fetter has reported the acquisition of restricted stock units and the conversion of preferred stock into common shares, totaling a significant change in his beneficial ownership.

Summary

• Trevor Fetter, a Director at Omada Health, Inc., reported changes in his beneficial ownership of the company's securities.
• On June 5, 2025, Mr. Fetter acquired 9,736 shares of Common Stock in the form of Restricted Stock Units (RSUs) at a price of $0 per share.
• These RSUs are set to fully vest on the first anniversary of June 5, 2025.
• On June 9, 2025, Mr. Fetter's Series D-1 Preferred Stock and Series E Preferred Stock automatically converted into a total of 111,200 shares of Omada Health's Common Stock. Specifically, 55,600 shares of Series D-1 Preferred Stock and 55,600 shares of Series E Preferred Stock each converted into 55,600 shares of Common Stock on an as-converted basis.
• This conversion occurred immediately prior to the Issuer's initial public offering, with each preferred share converting at an approximate ratio of 0.33333 common shares per preferred share.
• Following these transactions, Mr. Fetter directly owns 9,736 shares of Common Stock and indirectly owns 111,200 shares of Common Stock through a limited liability company where he is the sole member.

Sentiment

Score: 7

Explanation: The document reports standard insider transactions, including an RSU grant as compensation and a preferred stock conversion linked to an IPO. These are generally positive or neutral events for a company, indicating growth and a public listing.

Positives

• Director Trevor Fetter received 9,736 Restricted Stock Units (RSUs) as compensation, aligning his interests with shareholders.
• The conversion of preferred stock into common stock, totaling 111,200 shares, occurred immediately prior to the company's Initial Public Offering (IPO), indicating a significant corporate event.

Future Outlook

The 9,736 Restricted Stock Units granted to Trevor Fetter are scheduled to fully vest on the first anniversary of June 5, 2025.

Industry Context

This Form 4 filing reflects routine insider compensation and a significant pre-IPO conversion event for Omada Health, Inc., a company likely operating in the digital health or healthcare technology sector, as indicated by its name and the nature of its equity structure (preferred stock conversion prior to IPO).

Related Party Transactions

• The grant of 9,736 Restricted Stock Units (RSUs) to Director Trevor Fetter represents compensation from the company to a related party.
• The conversion of 111,200 shares of preferred stock held by a limited liability company, of which Trevor Fetter is the sole member, into common stock is a transaction involving a related party.

Stakeholder Impact

• Shareholders: The transactions provide transparency into insider ownership changes and the equity structure post-IPO. The RSU grant aligns director interests with shareholder value.

Next Steps

• The 9,736 Restricted Stock Units (RSUs) granted to Trevor Fetter are expected to fully vest on the first anniversary of June 5, 2025.

Key Dates

Keywords

Omada Health, OMDA, SEC Form 4, Insider Trading, Beneficial Ownership, Restricted Stock Units, RSU, Preferred Stock Conversion, Initial Public Offering, IPO, Director Compensation