Form 4: Oscar Health Executive Alessandrea C. Quane Reports Stock Transactions

EVP, Chief Insurance Officer of Oscar Health, Alessandrea C. Quane, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• Alessandrea C. Quane, EVP, Chief Insurance Officer of Oscar Health, reported transactions involving Class A Common Stock.
• On June 5, 2024, 31,250 restricted stock units vested and were converted into Class A Common Stock.
• On June 6, 2024, 16,793 shares of Class A Common Stock were sold at a weighted average price of $19.58 to cover tax obligations.
• The sales were executed under a pre-existing Rule 10b5-1 trading plan.
• Following these transactions, Quane directly owns 251,136 shares of Class A Common Stock and indirectly owns 76,857 shares through a GRAT (Grantor Retained Annuity Trust).

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating neutral sentiment as it reports routine stock transactions by an executive.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the pre-planned nature of the transaction.

Key Dates