Oscar Health (OSCR) director receives 8,475 RSUs, updates share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sankaran Sid reported acquisition or exercise transactions in this Form 4 filing.
Oscar Health, Inc. director Sid Sankaran reported an equity award and updated holdings. He received 8,475 shares of Class A common stock as a grant of restricted stock units (RSUs) at no cash cost, bringing his directly held shares to 22,609.
Each RSU represents one share of Class A common stock and vests on the earlier of the one-year anniversary of the grant date or the next annual stockholder meeting, subject to continued service. Vested RSUs settle in shares after certain separation, disability, death, or change-in-control triggers.
Separately, 795,686 shares of Class A common stock are held indirectly by Victoria Family LLC, which is wholly owned by fiduciaries of The Victoria 2020 Trust. Sankaran acts as investment adviser to the trust and disclaims beneficial ownership of those shares except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sankaran Sid
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 8,475 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 22,609 shares (Direct, null);
Class A Common Stock — 795,686 shares (Indirect, By Victoria Family LLC)
Footnotes (1)
- Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Oscar Health, Inc. (the "Issuer") Class A common stock. The RSUs vest on the earlier to occur of (i) the one-year anniversary of the grant date and (ii) the date of the next annual meeting of stockholders of the Issuer following the grant date, subject to continued service through the applicable vesting date. To the extent vested, the RSUs will be settled in shares of the Issuer's Class A common stock on the earliest of (i) the six-month anniversary of the director's separation from service, death or disability and (ii) within five days following a change in control of the Issuer. 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.
Key Figures
RSU grant size: 8,475 shares
Direct holdings after grant: 22,609 shares
Indirect holdings via Victoria Family LLC: 795,686 shares
+3 more
6 metrics
RSU grant size
8,475 shares
Class A Common Stock RSU award to director
Direct holdings after grant
22,609 shares
Class A Common Stock held directly after RSU award
Indirect holdings via Victoria Family LLC
795,686 shares
Class A Common Stock held indirectly by Victoria Family LLC
RSU grant price
$0.00 per share
Reported price for RSU grant, compensation-related
RSU vesting trigger
1-year anniversary or next annual meeting
Earlier of two dates, subject to continued service
Settlement timing triggers
6 months after separation, or upon change in control
Earliest of specified settlement events for vested RSUs
Key Terms
restricted stock units ("RSUs"), change in control, pecuniary interest
3 terms
restricted stock units ("RSUs") financial
"Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Oscar Health, Inc."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
change in control financial
"within five days following a change in control of the Issuer."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
pecuniary interest financial
"disclaims beneficial ownership of the shares held of record by Victoria Family LLC except to the extent of his pecuniary interest therein."
FAQ
What did Sid Sankaran report in this Oscar Health (OSCR) Form 4 filing?
Sid Sankaran reported a grant of 8,475 restricted stock units (RSUs) of Oscar Health Class A common stock and updated his direct and indirect share holdings, including 22,609 directly held shares and 795,686 shares held indirectly through Victoria Family LLC.
When do Sid Sankaran’s new Oscar Health (OSCR) RSUs vest?
The RSUs vest on the earlier of the one-year anniversary of the grant date or the next Oscar Health annual stockholder meeting, provided he continues serving through that vesting date, after which the award can settle into shares under specified settlement conditions.
What is Victoria Family LLC’s role in Sid Sankaran’s Oscar Health (OSCR) holdings?
Victoria Family LLC holds 795,686 Oscar Health Class A shares indirectly associated with Sid Sankaran. It is wholly owned by fiduciaries of The Victoria 2020 Trust, where Sankaran is investment adviser and disclaims beneficial ownership except for his pecuniary interest.