Form 4: Oscar Health's Chief Accounting Officer, Victoria Baltrus, Reports Stock Transactions
SEC Form 4
Victoria Baltrus, Chief Accounting Officer of Oscar Health, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- On June 1, 2024, Victoria Baltrus exercised restricted stock units to acquire Class A Common Stock.
- Specifically, 4,811, 4,120, 7,499, and 887 shares were acquired through the vesting of restricted stock units.
- On June 3 and 4, 2024, Baltrus sold 7,674 and 199 shares of Class A Common Stock at weighted average prices of $19.46 and $19.09, respectively.
- These sales were executed under a pre-arranged Rule 10b5-1 trading plan to cover tax obligations related to equity award vesting.
- Following these transactions, Baltrus directly owns 127,555 shares of Class A Common Stock and holds derivative securities including 9,765 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company officer, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for officers of publicly traded companies, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small volume of shares sold by the Chief Accounting Officer.
Key Dates
| Date | Description |
|---|---|
| February 27, 2023 | Date prior to which the Rule 10b5-1 instruction letter was entered into. |
| September 1, 2022 | Date when 25% of certain restricted stock units vested. |
| June 1, 2022 | Start date for vesting of certain restricted stock units in twelve equal quarterly installments. |
| June 1, 2023 | Start date for vesting of certain restricted stock units in twelve equal quarterly installments. |
| June 1, 2024 | Date of restricted stock unit exercises and start date for vesting of certain restricted stock units in twelve equal quarterly installments. |
| June 3, 2024 | Date of sale of 7,674 shares of Class A Common Stock. |
| June 4, 2024 | Date of sale of 199 shares of Class A Common Stock. |
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