Sid Sankaran - Jun 1, 2023 Form 4 Insider Report for Oscar Health, Inc. (OSCR)

Role
Interim CFO, Director
Signature
/s/ Melissa Curtin, Attorney-in-Fact
Stock symbol
OSCR
Transactions as of
Jun 1, 2023
Transactions value $
-$985,456
Form type
4
Date filed
6/5/2023, 05:32 PM
Previous filing
Mar 3, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSCR Class A Common Stock Options Exercise +228K +193.99% 345K Jun 1, 2023 Direct F1
transaction OSCR Class A Common Stock Sale -$985K -138K -39.91% $7.15 207K Jun 2, 2023 Direct F2
holding OSCR Class A Common Stock 500K Jun 1, 2023 By Victoria Family LLC F3

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 -228K -33.33% $0.00 456K Jun 1, 2023 Class A Common Stock 228K 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 Victoria Family LLC is wholly owned by the fiduciaries of The Victoria 2020 Trust. Mr. Sankaran is the Investment Adviser to The Victoria 2020 Trust. Mr. Sankaran disclaims beneficial ownership of the shares held of record by Victoria Family LLC except to the extent of his pecuniary interest therein.
F4 The restricted stock units vest in four equal quarterly installments over the one-year period beginning December 1, 2022.