Form 4: Oscar Health CTO Disposes Shares for Tax Obligations, Corrects Prior Ownership Report

Oscar Health's President of Technology & CTO, Mario Schlosser, reported the disposition of 23,879 Class A Common Stock shares to cover tax withholdings from restricted stock unit vesting, while also correcting a previous filing regarding his total beneficial ownership.

Summary

• Mario Schlosser, Oscar Health's President of Technology & CTO and a Director, reported a transaction on June 2, 2025.
• He disposed of 23,879 shares of Class A Common Stock at a price of $13.8 per share.
• This disposition was an 'F' transaction code, indicating shares were withheld by Oscar Health to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs).
• Following this transaction, Mr. Schlosser beneficially owns 525,027 shares of Class A Common Stock.
• The reported beneficial ownership includes shares to be issued from RSU vesting and corrects a clerical error from a prior Form 4 filed on March 4, 2025, which had omitted 172,940 shares.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax purposes related to RSU vesting and a correction of a clerical error, neither of which indicates a positive or negative sentiment regarding the company's performance or outlook.

Positives

• Correction of a clerical error from a previous filing improves the accuracy and transparency of reported beneficial ownership for Mario Schlosser.

Future Outlook

NA

Management Comments

• "Reflects shares of Class A common stock withheld by the Issuer to satisfy tax withholding obligations incident to vesting of restricted stock units ('RSUs')."
• "Includes shares to be issued in connection with the vesting of one or more restricted stock units. Also includes 172,940 shares to be issued upon vesting of RSUs that due to clerical error were not included in this total in the Reporting Person's Form 4 filed on March 4, 2025."

Industry Context

This Form 4 filing details a routine insider transaction common across all industries where executives receive equity compensation. The disposition of shares to cover tax obligations upon RSU vesting is a standard practice and does not reflect specific industry trends or competitive dynamics within the health insurance technology sector.

Related Party Transactions

• Disposition of 23,879 shares of Class A Common Stock by Mario Schlosser (an officer and director) to Oscar Health, Inc. (the issuer) to satisfy tax withholding obligations incident to the vesting of restricted stock units.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding changes in beneficial ownership by a key executive, which is standard disclosure. The transaction itself is routine and tax-related, not signaling a change in company fundamentals.

Key Dates

Recommendation

Keywords

Oscar Health, OSCR, Form 4, insider transaction, beneficial ownership, restricted stock units, RSU, tax withholding, Mario Schlosser, equity compensation