Form 4: Oscar Health Director Sid Sankaran Receives Significant RSU Grant, Boosting Direct Equity Holdings

Oscar Health, Inc. Director Sid Sankaran has acquired 14,134 Class A Common Stock shares through a restricted stock unit (RSU) grant, increasing his direct beneficial ownership.

Summary

• Oscar Health, Inc. Director Sid Sankaran acquired 14,134 shares of Class A Common Stock on June 4, 2025, through a restricted stock unit (RSU) grant.
• The RSUs were granted at a price of $0.00 per share, indicating they are part of compensation.
• Each RSU represents a contingent right to receive one share of Oscar Health, Inc. Class A common stock.
• Following this transaction, Mr. Sankaran directly beneficially owns 14,134 shares of Class A Common Stock.
• Additionally, Mr. Sankaran indirectly beneficially owns 795,686 shares of Class A Common Stock through Victoria Family LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
• The RSUs are subject to vesting on the earlier of the one-year anniversary of the grant date or the date of the next annual meeting of stockholders, contingent on continued service.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine insider transaction (RSU grant) which aligns director interests with shareholders, but doesn't provide new financial performance data or strategic shifts.

Positives

• The grant of 14,134 restricted stock units to Director Sid Sankaran aligns his interests more closely with those of shareholders, as his compensation is tied to the company's stock performance.
• The acquisition of equity by a director can signal confidence in the company's future prospects.

Future Outlook

The vesting schedule for the RSUs, tied to continued service and future annual meetings, indicates an expectation of ongoing commitment from the director. Settlement of vested RSUs is contingent on future events such as separation from service, death, disability, or a change in control.

Industry Context

Equity grants, such as Restricted Stock Units (RSUs), are a common form of executive and director compensation across various industries, including healthcare technology, to incentivize long-term performance and align management interests with shareholder value. This transaction is consistent with typical compensation practices for directors in publicly traded companies.

Corporate Governance

Related Party Transactions

• Sid Sankaran indirectly beneficially owns 795,686 shares through Victoria Family LLC, which is wholly owned by the fiduciaries of The Victoria 2020 Trust. Mr. Sankaran is the Investment Adviser to The Victoria 2020 Trust and disclaims beneficial ownership except to the extent of his pecuniary interest therein. This is a disclosed indirect holding rather than a new transaction.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with shareholder value, potentially leading to decisions that benefit long-term stock performance.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The granted RSUs will 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 upon the earliest of the six-month anniversary of the director's separation from service, death or disability, or within five days following a change in control of the Issuer.

Key Dates

Keywords

Oscar Health, OSCR, Sid Sankaran, Restricted Stock Units, RSU, Insider Transaction, Beneficial Ownership, Director Compensation, Equity Grant, SEC Form 4