Form 4: Oscar Health Director Vanessa Wittman Granted 14,134 Restricted Stock Units

Oscar Health, Inc. Director Vanessa Ames Wittman was granted 14,134 Class A Common Stock restricted stock units (RSUs) on June 4, 2025, increasing her direct beneficial ownership to 128,646 shares.

Summary

• Vanessa Ames Wittman, a Director of Oscar Health, Inc. (OSCR), acquired 14,134 Class A Common Stock shares in the form of Restricted Stock Units (RSUs) on June 4, 2025.
• The transaction price for these RSUs was $0.00, as they represent a contingent right to receive shares.
• Following this transaction, Ms. Wittman's direct beneficial ownership of Oscar Health Class A Common Stock increased to 128,646 shares.
• Each RSU grants a contingent right to receive one share of Oscar Health, Inc. Class A common stock.
• The RSUs are subject to vesting, which occurs on the earlier of the one-year anniversary of the grant date or the date of the next annual meeting of stockholders following the grant date, contingent on continued service.
• Vested RSUs will be settled in shares on 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.
• The filing was signed by Melissa Curtin as Attorney-in-fact for Vanessa A. Wittman, under a Power of Attorney dated February 28, 2021.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates a director receiving equity compensation, aligning their interests with shareholders. However, it's largely neutral as it's a routine compliance filing with no direct impact on company operations or financial performance.

Positives

• The grant of 14,134 Restricted Stock Units (RSUs) to Director Vanessa Ames Wittman aligns her interests with shareholders, as the value of these units is tied to the company's stock performance.
• The RSU grant is a form of equity compensation, which is a common practice for retaining and incentivizing key personnel, including directors.

Risks

• The value of the granted Restricted Stock Units (RSUs) is contingent on the future market price of Oscar Health, Inc. Class A common stock, meaning their ultimate value to the recipient could fluctuate.
• The RSUs are subject to vesting conditions, specifically continued service through the vesting date, meaning the recipient may forfeit the units if service is terminated prior to vesting.
• Settlement of the RSUs is also subject to specific future events, including separation from service, death, disability, or a change in control, introducing a timing uncertainty for share receipt.

Future Outlook

This document does not contain forward-looking statements or guidance regarding the company's financial performance or strategic outlook, focusing solely on an insider's equity transaction.

Industry Context

This Form 4 filing is a routine disclosure of an insider equity transaction and does not provide information directly related to broader industry trends or competitive landscape within the healthcare technology sector. It reflects standard compensation practices for directors in publicly traded companies.

Corporate Governance

Related Party Transactions

• The grant of Restricted Stock Units (RSUs) to Director Vanessa Ames Wittman represents a compensation arrangement between the company and a related party (a director), which is a standard practice for executive and board compensation.

Stakeholder Impact

• Shareholders: The issuance of RSUs, once vested and settled, will result in a minor dilution of existing shares, though this is a common component of director compensation and generally anticipated.
• Employees: No direct impact on employees is indicated by this specific filing.

Next Steps

• The granted Restricted Stock Units (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 following the grant date, subject to continued service.
• Vested RSUs will be settled in shares of Class A common stock upon the occurrence of specific future events, such as separation from service, death, disability, or a change in control.

Key Dates

Keywords

Oscar Health, OSCR, Restricted Stock Units, RSUs, Insider Transaction, Form 4, Director Compensation, Equity Grant, Beneficial Ownership, Healthcare Technology