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Omada Health, Inc.·4

Jul 8, 8:14 PM ET

Cook Steven L. 4

Research Summary

AI-generated summary

Updated

Omada Health (OMDA) CFO Steven L. Cook Exercises Options, Sells Shares

What Happened

  • Steven L. Cook, Chief Financial Officer of Omada Health (OMDA), exercised stock options to acquire a total of 35,600 shares (23,263 on 2026-07-01 and 12,337 on 2026-07-07 broken into 10,601, 1,042 and 694) by paying aggregate exercise prices of $294,070. He then sold the same total of 35,600 shares in open-market transactions, receiving aggregate proceeds of $814,341. The transactions resulted in net cash proceeds of approximately $520,271 (proceeds minus exercise cost).
  • These were option-exercise transactions (transaction code M) followed by sales (S), i.e., effectively a cashless exercise where newly acquired shares were sold.

Key Details

  • Dates and prices:
    • 2026-07-01: Exercised 23,263 shares at $8.28 (paid $192,618); sold 23,263 shares at a weighted avg $22.76 for $529,501 (trades ranged $22.11–$23.09). (F2)
    • 2026-07-07: Exercised 10,601 shares at $8.28 (paid $87,776); exercised 1,042 at $8.01 (paid $8,346); exercised 694 at $7.68 (paid $5,330). Sold 12,337 shares at a weighted avg $23.09 for $284,840 (trades ranged $23.00–$23.30). (F3)
  • Shares owned after transaction: Not disclosed in the provided filing details.
  • Footnotes of note:
    • F1: The sale(s) were made pursuant to a pre-established 10b5-1 trading plan adopted March 14, 2026.
    • F2/F3: Sales executed in multiple trades; reported prices are weighted averages and detailed per-trade info is available upon request.
    • F4–F6: Filing indicates different option grants have different vesting statuses—some options fully vested (F4), others vest monthly over four years from Feb 1, 2024 (F5) or Feb 1, 2025 (F6).
  • Filing timeliness: Filing date 2026-07-08 for transactions on 2026-07-01 and 2026-07-07; the filing does not indicate it was late.

Context

  • These transactions are routine for stock option exercises followed by sales (cashless exercise). Because the shares were exercised and immediately sold under a 10b5-1 plan, they do not necessarily signal a change in the insider’s view of the company; they primarily represent monetization of vested options.
  • Transaction codes: M = Option exercise/conversion; S = Open-market sale.