SCHEDULE: Revelation Funds Boost Omada Health Stake

Revelation Alpine and Healthcare Funds, along with managing members Michael Boggs and Scott Halsted, report significant beneficial ownership in Omada Health, Inc., with Boggs and Halsted each holding 9.1%.

Summary

• Revelation Alpine, LLC, Revelation Alpine, L.P., Revelation Alpine GP, LLC, Revelation Healthcare Fund II, L.P., Revelation Healthcare Fund II GP, L.P., Revelation Healthcare Fund II GP, LLC, Revelation Healthcare Fund IV, L.P., Revelation Healthcare Fund IV GP, L.P., Revelation Healthcare Fund IV GP, LLC, Michael Boggs, and Scott Halsted have filed a Schedule 13G regarding their beneficial ownership of Omada Health, Inc. common stock.
• Michael Boggs and Scott Halsted each beneficially own 5,208,034 shares of Omada Health, Inc. common stock, representing 9.1% of the class.
• Revelation Healthcare Fund IV, L.P., Revelation Healthcare Fund IV GP, L.P., and Revelation Healthcare Fund IV GP, LLC each beneficially own 3,095,306 shares, representing 5.4% of the class.
• Revelation Alpine GP, LLC beneficially owns 1,309,879 shares, representing 2.3% of the class.
• Revelation Alpine, L.P. beneficially owns 816,993 shares, representing 1.4% of the class.
• Revelation Healthcare Fund II, L.P., Revelation Healthcare Fund II GP, L.P., and Revelation Healthcare Fund II GP, LLC each beneficially own 802,849 shares, representing 1.4% of the class.
• Revelation Alpine, LLC beneficially owns 492,886 shares, representing 0.9% of the class.
• The percentages are based on 56,929,340 shares of common stock outstanding, as disclosed in Omada Health's Form 424(b)(4) prospectus filed on June 9, 2025, after giving effect to the underwriters' exercise in full of their option to purchase additional shares.

Sentiment

Score: 7

Explanation: The filing indicates significant institutional investment and a substantial stake by key individuals, which is generally viewed positively as a vote of confidence in the company. While it doesn't provide operational or financial performance details, the increased ownership by sophisticated investors suggests a positive long-term outlook from their perspective.

Positives

• Increased institutional ownership by Revelation funds and their managing members, indicating confidence in Omada Health, Inc.
• Michael Boggs and Scott Halsted, as managing members of the Revelation funds, now hold a significant 9.1% stake, aligning their interests with other shareholders.

Future Outlook

N/A. This filing is a beneficial ownership report and does not contain forward-looking statements or guidance from the issuer.

Industry Context

This filing indicates a significant investment by a group of healthcare-focused funds and their principals in Omada Health, a company likely operating in the digital health or healthcare technology sector. Such substantial institutional ownership can signal market confidence in the company's long-term prospects within the evolving healthcare industry.

Stakeholder Impact

• Shareholders: The disclosure of significant institutional ownership by Revelation funds and their managing members may be perceived positively, potentially increasing investor confidence and attracting further investment.

Key Dates

Keywords

Omada Health, Revelation Alpine, Revelation Healthcare Fund, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, Healthcare Technology, Digital Health