Form 4: Oscar Health Chief Accounting Officer Reports Stock Transactions

Oscar Health's Chief Accounting Officer, Victoria Baltrus, executed multiple transactions involving Class A common stock and restricted stock units, including sales to cover tax obligations.

Summary

• Victoria Baltrus, Chief Accounting Officer of Oscar Health, Inc., reported several transactions involving the company's Class A common stock.
• On December 1, 2024, she acquired a total of 17,318 shares through the vesting of restricted stock units.
• On December 2, 2024, she sold 8,078 shares of Class A common stock at weighted average prices of $18.07 and $18.48.
• These sales were made to satisfy tax withholding obligations related to the vesting of previously granted equity awards.
• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of insider transactions, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• The use of a Rule 10b5-1 trading plan is a common practice among executives at publicly traded companies to manage their stock transactions and avoid accusations of insider trading.
• The reported transactions are typical for executives who receive equity compensation and need to cover tax obligations upon vesting.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the company's fundamentals.

Key Dates

Keywords

Oscar Health, stock transactions, Form 4, insider trading, restricted stock units, Rule 10b5-1, equity awards, Class A common stock, Chief Accounting Officer