Form 4: Oscar Health CFO Gifts Shares to Family Trust

Oscar Health's Chief Financial Officer, Richard Scott Blackley, gifted 75,000 shares of Class A Common Stock to an irrevocable family trust.

Summary

• Richard Scott Blackley, Chief Financial Officer of Oscar Health, Inc. (OSCR), reported a gift transaction of company stock.
• On March 12, 2026, Blackley directly disposed of 75,000 shares of Class A Common Stock.
• Concurrently, 75,000 shares of Class A Common Stock were indirectly acquired by the MQB Irrevocable Trust.
• The transaction price for these shares was $0, indicating a gift rather than a sale.
• Following this transaction, Blackley's direct beneficial ownership stands at 1,316,660 shares, and indirect beneficial ownership through the MQB Irrevocable Trust is 75,000 shares.
• The shares were gifted to an irrevocable trust for the benefit of a family member who shares the reporting person's household.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event. It's a routine insider transaction for estate planning purposes and does not reflect a change in the company's operational or financial performance.

Positives

• The transaction represents a planned transfer of wealth, often indicative of long-term financial planning by an executive.
• The shares remain within the beneficial ownership of a family trust, maintaining a connection to the company's performance and the executive's overall interest.

Negatives

• A direct reduction in the CFO's personal beneficial ownership of company stock, although offset by indirect ownership through a family trust.

Industry Context

StockSavvy.ai notes that insider gifting, as reported in Form 4 filings, is a common practice for wealth transfer and estate planning among executives. While it reduces direct personal holdings, the shares often remain within the executive's broader family control, indicating continued alignment with the company's long-term interests.

Related Party Transactions

• Richard Scott Blackley, CFO, gifted 75,000 shares of Class A Common Stock to the MQB Irrevocable Trust, established for the benefit of a family member sharing the reporting person's household.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a personal transaction for estate planning, not a sale into the open market. The shares remain within the broader family's beneficial ownership.
• Management: Reflects personal financial planning by the CFO, which is a common practice among executives.

Key Dates

Recommendation

This Form 4 filing details a routine insider gift for estate planning purposes and does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is maintained based solely on this filing.

Keywords

Oscar Health, OSCR, Richard Scott Blackley, CFO, Insider Transaction, Form 4, Gift, Trust, Beneficial Ownership, Class A Common Stock