Cook Steven L. 4/A
Research Summary
AI-generated summary
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 and sold shares on June 22, 2026. He exercised two option blocks that resulted in the acquisition of 6,839 shares at $8.01 ($54,780) and 11,111 shares at $7.68 ($85,332), for a combined exercise outlay of $140,112. On the same day he sold 17,950 shares in open-market trades for a weighted average price of $18.13, grossing approximately $325,394.
- The filing shows corresponding derivative entries at $0.00 reflecting conversion of the options into shares that were part of the same-day exercise-and-sale (cashless-style) transactions.
Key Details
- Transaction date: June 22, 2026.
- Exercises: 6,839 shares @ $8.01 ($54,780) and 11,111 shares @ $7.68 ($85,332).
- Sale: 17,950 shares @ weighted avg $18.13 = $325,394 (executed in multiple trades from $18.00–$18.30).
- Filing status: This is an amended Form 4 (Form 4/A) correcting omitted exercise transactions from the original filing; Box 5 (beneficial ownership) was adjusted accordingly.
- 10b5-1 plan: The reported sale was made pursuant to a 10b5-1 trading plan adopted March 14, 2026.
- Vesting notes: The exercised options are subject to monthly vesting schedules (1/48th monthly from Feb 1, 2024 and Feb 1, 2025 for the respective grants).
Context
- These were same-day exercise-and-sale transactions (options exercised and shares sold immediately), a common way for insiders to monetize vested option shares. Because the sale was executed under a pre-established 10b5-1 plan and the filing was amended to include the omitted exercises, this activity appears to be routine liquidity rather than a new directional signal about company prospects.
- The amendment corrects the prior omission (sales were timely reported earlier); investors should see the adjusted beneficial ownership in Box 5 of the Form 4/A for the post-transaction holding.