Form 4: Oscar Health CFO Richard Blackley Reports Stock Transactions
SEC Form 4 Filing
Richard Scott Blackley, CFO of Oscar Health, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On June 5, 2024, Richard Scott Blackley, the CFO of Oscar Health, had 62,500 restricted stock units vest, which converted into Class A Common Stock.
- Following the vesting, on June 6, 2024, Blackley sold 29,978 shares of Class A Common Stock at a weighted average price of $19.58 per share.
- The sale was executed under a pre-existing Rule 10b5-1 trading plan to cover tax withholding obligations related to the vesting of equity awards.
- After these transactions, Blackley directly owns 675,442 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock transactions, common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The sale of shares by the CFO could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| February 27, 2023 | Date prior to which the Rule 10b5-1 instruction letter was entered into. |
| December 5, 2021 | Initial vesting date of 25% of the restricted stock units. |
| June 5, 2024 | Date of restricted stock units vesting. |
| June 6, 2024 | Date of Class A Common Stock sale. |
| June 7, 2024 | Date of signature on the Form 4 filing. |
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