Form 4: Oscar Health Executive Sells Shares for Tax Obligations Following RSU Vesting

Sentiment:

Insider Transaction Report 4 June 2025 4:23 PM

Janet Liang, President of Oscar Insurance, disposed of 7,196 shares of Oscar Health Class A Common Stock at $13.8 per share to cover tax withholding obligations related to restricted stock unit vesting.

Summary

Janet Liang, President of Oscar Insurance, reported a transaction on June 2, 2025.
She disposed of 7,196 shares of Oscar Health, Inc. Class A Common Stock.
The shares were disposed of at a price of $13.8 per share.
This disposition was explicitly stated as being to satisfy tax withholding obligations incident to the vesting of restricted stock units (RSUs).
Following this transaction, Janet Liang beneficially owns 187,168 shares of Class A Common Stock, which includes shares to be issued in connection with the vesting of one or more restricted stock units.

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related disposition of shares following RSU vesting. It is a neutral event and does not indicate a change in management's sentiment towards the company's prospects or operational performance.

Positives

The underlying event, the vesting of Restricted Stock Units (RSUs), indicates continued executive compensation and retention.

Negatives

A reduction in direct shareholding by an executive, even for tax purposes, slightly decreases their direct equity stake in the company.

Future Outlook

The document, a Form 4, is an insider transaction report and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the disposition of shares by an executive to cover tax obligations arising from RSU vesting. Such transactions are common in publicly traded companies across all industries as part of executive compensation plans.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Authorization of Attorney-in-Fact	Janet Liang executed a Power of Attorney on January 22, 2025, authorizing R. Scott Blackley and Melissa Curtin to act as her attorneys-in-fact for filing SEC forms (Schedules 13D/G, Forms 3, 4, 5, and 144).	January 22, 2025	This is a standard corporate governance practice to facilitate timely and compliant SEC filings for insiders, ensuring adherence to reporting requirements under the Securities Exchange Act of 1934 and Securities Act of 1933.

Related Party Transactions

The disposition of 7,196 shares of Class A Common Stock by Janet Liang, an officer of Oscar Health, Inc., to the Issuer to satisfy tax withholding obligations incident to RSU vesting, constitutes a related party transaction.

Stakeholder Impact

Shareholders: The transaction is a routine tax-related sale and is unlikely to have a significant impact on shareholder value or perception, as it does not signal a change in executive confidence.
Employees: No direct impact on employees is indicated by this filing.
Customers: No direct impact on customers is indicated by this filing.

Key Dates

Date	Description
January 22, 2025	Date the Power of Attorney was executed by Janet Liang, authorizing attorneys-in-fact to file SEC forms on her behalf.
June 2, 2025	Date of the reported transaction, involving the disposition of Class A Common Stock.
June 4, 2025	Date the Form 4 was signed and filed by Melissa Curtin, acting as attorney-in-fact for Janet Liang.

Recommendation

hold

Keywords

Oscar Health, OSCR, Form 4, Insider Transaction, Janet Liang, Restricted Stock Units, RSU Vesting, Tax Withholding, Common Stock, Executive Compensation

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