Ranmali Bopitiya - 01 Jun 2023 Form 4 Insider Report for Oscar Health, Inc. (OSCR)

Signature
/s/ Melissa Curtin, Attorney-in-fact
Issuer symbol
OSCR
Transactions as of
01 Jun 2023
Net transactions value
-$82,919
Form type
4
Filing time
05 Jun 2023, 16:16:51 UTC
Previous filing
03 Apr 2023
Next filing
06 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSCR Class A Common Stock Options Exercise +20,425 +36% 76,463 01 Jun 2023 Direct F1
transaction OSCR Class A Common Stock Options Exercise +16,447 +22% 92,910 01 Jun 2023 Direct F1
transaction OSCR Class A Common Stock Sale $82,919 -11,597 -12% $7.15 81,313 02 Jun 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OSCR Restricted Stock Units Options Exercise $0 -20,425 -8.3% $0.000000 224,673 01 Jun 2023 Class A Common Stock 20,425 Direct F1, F3
transaction OSCR Restricted Stock Units Options Exercise $0 -16,447 -6.2% $0.000000 246,711 01 Jun 2023 Class A Common Stock 16,447 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
F2 The sale was effected pursuant to a Rule 10b5-1 instruction letter to satisfy the Reporting Person's tax withholding obligation upon the vesting of previously granted equity awards.
F3 The restricted stock units vest over a four-year period in 16 equal quarterly installments beginning on June 1, 2022.
F4 The restricted stock units vest over a four-year period in 16 equal quarterly installments beginning on June 1, 2023.