Oscar Health Inc.
06/02/2026 | Press release | Distributed by Public on 06/02/2026 04:32
Management Change/Compensation (Form 8-K)
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 29, 2026, Oscar Health, Inc. and Oscar Management Corporation (together, the "Company") and Mario Schlosser entered into an amended and restated employment agreement (the "A&R Employment Agreement"), effective as of June 1, 2026 (the "Effective Date"), in connection with Mr. Schlosser's transition from President of Technology and Chief Technology Officer of the Company to Co-Founder & Advisor to the CEO. In this new role, Mr. Schlosser will continue accelerating the Company's artificial intelligence and digital health agenda to drive the next wave of innovation in consumer-driven healthcare across the U.S. Mr. Schlosser will also continue to serve on the Company's Board of Directors.
The term of the A&R Employment Agreement commences on the Effective Date and will continue until the agreement terminates in accordance with its terms.
The material changes under the A&R Employment Agreement are as follows:
•Mr. Schlosser's annual base salary will be $370,000, effective as of the Effective Date.
•Commencing with calendar year 2026, Mr. Schlosser will no longer be eligible to receive an annual bonus under the Company's annual bonus program.
•Mr. Schlosser will not be eligible to receive any long-term incentive or equity-based compensatory awards during the term of the A&R Employment Agreement, but will continue to vest in the equity awards previously granted to him in accordance with their terms.
•Mr. Schlosser will not be entitled to receive any cash severance payments or Company-subsidized healthcare coverage upon any termination of employment with the Company.
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