Form 4: Oscar Health Executive Sells Shares Following Vesting of Restricted Stock Units

Alessandrea C. Quane, EVP and Chief Insurance Officer at Oscar Health, sold shares to cover tax obligations after restricted stock units vested.

Summary

• Alessandrea C. Quane, an executive at Oscar Health, Inc., sold a total of 16,793 shares of Class A Common Stock on December 6, 2024.
• The sales were executed in two transactions at weighted average prices of $15.93 and $16.52 per share.
• These sales were made to cover tax withholding obligations related to the vesting of previously granted equity awards.
• Prior to these transactions, Ms. Quane acquired 31,250 shares through the vesting of restricted stock units on December 5, 2024.
• Following these transactions, Ms. Quane directly owns 430,216 shares of Class A Common Stock and indirectly owns 76,857 shares through a 2024 GRAT.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any significant positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive equity compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, particularly after vesting periods for equity awards.
• The sale of shares to cover tax obligations is a standard practice among executives receiving equity compensation.
• The reported prices are within the range of recent trading activity for Oscar Health stock.

Stakeholder Impact

• The stock sales may have a minor impact on the share price, but are unlikely to significantly affect stakeholders.

Key Dates

Keywords

insider trading, stock sale, restricted stock units, executive compensation, Form 4, Oscar Health, OSCR, equity awards, tax withholding