Ranmali Bopitiya - Sep 1, 2023 Form 4 Insider Report for Oscar Health, Inc. (OSCR)

Signature
/s/ Melissa Curtin, Attorney-in-fact
Stock symbol
OSCR
Transactions as of
Sep 1, 2023
Transactions value $
-$73,431
Form type
4
Date filed
9/6/2023, 04:16 PM
Previous filing
Jun 5, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSCR Class A Common Stock Options Exercise +20.4K +25.12% 102K Sep 1, 2023 Direct F1
transaction OSCR Class A Common Stock Options Exercise +16.4K +16.17% 118K Sep 1, 2023 Direct F1
transaction OSCR Class A Common Stock Sale -$73.4K -11.7K -9.94% $6.25 106K Sep 5, 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 -20.4K -9.09% $0.00 204K Sep 1, 2023 Class A Common Stock 20.4K Direct F1, F3
transaction OSCR Restricted Stock Units Options Exercise $0 -16.4K -6.67% $0.00 230K Sep 1, 2023 Class A Common Stock 16.4K 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.