Form 4: Oscar Health Director Elbert O. Robinson Jr. Acquires Shares Through Restricted Stock Units

Director Elbert O. Robinson Jr. acquired 8,974 shares of Oscar Health, Inc. Class A common stock through restricted stock units on June 6, 2024.

Summary

• On June 6, 2024, Elbert O. Robinson Jr., a director of Oscar Health, Inc., acquired 8,974 shares of Class A common stock.
• The acquisition was made through restricted stock units (RSUs), each representing a contingent right to receive one share of Oscar Health, Inc. Class A common stock.
• The RSUs vest on the earlier of the one-year anniversary of the grant date or the date of the next annual meeting of stockholders, subject to continued service.
• Vested RSUs will be settled in shares of Class A common stock within 45 days following separation from service, a change in control, death, or disability.
• Following the transaction, Robinson directly owns 114,512 shares of Oscar Health, Inc. Class A common stock.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction. The director's acquisition of shares can be seen as a mildly positive signal, but it's not a major event.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Future Outlook

The vesting of RSUs is contingent upon continued service and will be settled in shares of Class A common stock under specific conditions.

Industry Context

This is a standard SEC Form 4 filing, reflecting a director's acquisition of company stock, which is common in publicly traded companies.

Stakeholder Impact

• The acquisition of shares by a director may have a slightly positive impact on shareholder confidence.

Key Dates