Form 4: Oscar Health CFO Richard Blackley Reports Stock Transactions
SEC Form 4 Filing
Richard Blackley, CFO of Oscar Health, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On March 5, 2024, Richard Blackley, the CFO of Oscar Health, vested 62,500 restricted stock units, each representing a contingent right to receive one share of Class A common stock.
- Following the vesting, on March 6, 2024, Blackley sold 27,043 shares of Class A common stock at a weighted average price of $14.12 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 614,316 shares of Class A common stock and 187,500 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions by a company insider. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the company's outlook or performance. It is common for executives to sell shares to cover tax obligations after vesting of equity awards.
Key Dates
| Date | Description |
|---|---|
| February 27, 2023 | Date prior to which the Rule 10b5-1 instruction letter was entered into. |
| December 5, 2021 | Date on which 25% of the restricted stock units vested. |
| March 5, 2024 | Date of restricted stock units vesting. |
| March 6, 2024 | Date of Class A common stock sale. |
| March 7, 2024 | Date of signature on the Form 4 filing. |
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