secwatch.observer — SEC 8-K summary
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Issuer:     Oscar Health, Inc. (OSCR)
CIK:        0001568651
Form:       8-K
Filed at:   2025-09-18T23:59:59+00:00
Accession:  0001193125-25-207417
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oscar Health issues $410M of 2.25% convertible notes due 2030; net proceeds ~$395.8M
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- Notes carry 2.25% coupon, mature Sep 1, 2030; initial conversion price ~$24.82 per share.
- Net proceeds of ~$395.8M used $34.4M for capped calls; balance for AI, care cost reduction, growth.
- Initial purchasers fully exercised $55M option; capped calls cap price $37.46 per share.
- Notes subordinated to senior debt; structurally subordinated to subsidiary liabilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568651/000119312525207417/0001193125-25-207417-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568651/000119312525207417/d74904d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-207417

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer