Form 4: Oscar Health Director Sells 25,000 Shares in Open Market Transaction

Elbert O. Robinson Jr., a director at Oscar Health, sold 25,000 shares of Class A Common Stock at an average price of $17.05 on November 20, 2024.

Summary

• On November 20, 2024, Elbert O. Robinson Jr., a director of Oscar Health, Inc., sold 25,000 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $17.05 per share.
• The prices for the individual transactions ranged from $16.96 to $17.17.
• Following the transaction, Robinson beneficially owns 89,512 shares, which includes shares to be issued in connection with the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider stock sale, which is a routine event. There is no indication of positive or negative sentiment.

Industry Context

This is a standard Form 4 filing, which is common when company insiders trade shares. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The sale by Elbert O. Robinson Jr. is similar to other insider transactions reported by directors and officers of publicly listed companies.
• The volume of shares sold is not unusual for a director's transaction, and the price range is within the typical market fluctuations.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on investor sentiment, but is unlikely to have a significant impact on the company's operations or financial health.

Key Dates

Keywords

Oscar Health, OSCR, insider trading, stock sale, Form 4, Elbert O. Robinson Jr., director, Class A Common Stock