Form 4: Oscar Health Co-Founder Joshua Kushner Increases Stake Through Investment Funds

Joshua Kushner, co-founder and vice chairman of Oscar Health, has increased his indirect holdings in the company through purchases made by Thrive Capital Partners VII Growth, L.P. and Claremount VII Associates, L.P.

Summary

• Joshua Kushner, a co-founder and Vice Chairman of Oscar Health, indirectly acquired additional shares of Class A Common Stock through investment funds.
• On November 14, 2024, two transactions occurred, with the first involving the purchase of 158,732 shares at a weighted average price of $15.6124.
• The second transaction on the same day involved the purchase of 185,790 shares at a weighted average price of $15.9651.
• These purchases were made by Thrive Capital Partners VII Growth, L.P. and Claremount VII Associates, L.P., where Mr. Kushner has voting and investment power.
• Following these transactions, Mr. Kushner's indirect holdings increased to 6,155,222 shares.

Sentiment

Score: 6

Explanation: The document reflects a routine insider transaction, which is neither particularly positive nor negative. The increased stake could be seen as a positive sign, but it's not a major event.

Positives

• The increased stake by a co-founder and Vice Chairman may signal confidence in the company's future prospects.
• The purchases were made in accordance with Rule 10b-18, indicating compliance with trading regulations.

Risks

• The document does not explicitly state any risks, but the increased holdings could be interpreted as a potential risk if the company's performance does not meet expectations.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency into the actions of key personnel and their investment decisions.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders in the US.
• The transactions are similar to those of other executives and major shareholders in publicly listed companies who regularly adjust their holdings.
• The use of investment funds to make purchases is a common strategy for high-net-worth individuals and company insiders.

Stakeholder Impact

• The increased stake by a co-founder may be viewed positively by shareholders, potentially increasing confidence in the company's future.

Key Dates

Keywords

Oscar Health, Joshua Kushner, insider trading, share purchase, beneficial ownership, Thrive Capital, Claremount VII, SEC Form 4