Omada Health (OMDA) CFO Steven Cook Exercises Options, Sells Stock

What Happened

• Steven L. Cook, Chief Financial Officer of Omada Health (OMDA), exercised stock options to acquire 16,842 shares and then sold those 16,842 shares in open-market trades. The exercises cost Cook about $138,754 in aggregate (strikes of $8.28, $8.01 and $7.68). The subsequent sales generated gross proceeds of about $421,547, leaving an approximate net cash difference of $282,793 in Cook’s favor. Transactions occurred on August 10 and August 11, 2026.
• This pattern (exercise then immediate sale) is effectively a cashless exercise and sale of the resulting shares — a routine liquidity event rather than a simple buy signal.

Key Details

• Dates: Exercises and sales executed Aug 10–11, 2026; Form 4 filed Aug 12, 2026 (appears timely within the two-business-day Form 4 window).
• Exercise details (aggregate): 16,842 shares exercised for total exercise cost ≈ $138,754 (components: 13,499 @ $8.28; 1,042 @ $8.01; 694 @ $7.68; 1,607 @ $8.28).
• Sales (aggregate): 16,842 shares sold for total proceeds ≈ $421,547 (15,235 shares at a weighted avg $25.03; 1,607 shares at a weighted avg $25.01). Trades executed in multiple lots; reported weighted averages reflect ranges of $25.00–$25.13 and $25.00–$25.05 (see filing footnotes).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: trades were made pursuant to a 10b5-1 trading plan adopted March 14, 2026 (F1). Some option lots were fully vested (F4) and others follow monthly vesting schedules from Feb 1, 2024 or Feb 1, 2025 (F5, F6). Multi-trade pricing disclosure available on request (F2, F3).

Context

• For options transactions: Cook exercised options (derivative conversion) and then sold the resulting shares in the open market — a common way for insiders to monetize vested option shares. The filing shows both the exercise (acquisition) and the subsequent sale (disposition) entries.
• The presence of a 10b5-1 plan indicates the sales were executed under a pre-established trading arrangement, which generally reduces the likelihood that the trades were timed on inside information.