Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend]

Names of Reporting Persons

Marc Stad

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ☐ (b) ☐

SEC Use Only

Citizenship or Place of Organization

United States

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1) *

Oscar Health, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.00001 per share

(Title of Class of Securities)

687793109

(CUSIP Number)

September 30, 2024

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☒ Rule 13d-1(b)

☐ Rule 13d-1(c)

☐ Rule 13d-1(d)

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 687793109		13G		Page 2 of 5 Pages

Includes (i) 9,487,894 shares of Class A Common Stock of Oscar Health, Inc. (the “Issuer”) and (ii) 12,736,773 shares of Class A Common Stock issuable upon the conversion of the Issuer’s 7.25% Convertible Senior Notes due 2031 (the “2031 Convertible Senior Notes”) beneficially owned by the Reporting Person. Excludes 361,459 shares of Class A Common Stock into which the 2031 Convertible Notes may not currently be converted due to the Beneficial Ownership Limitation (as defined below). The 2031 Convertible Notes may not be converted to the extent that such conversion would result in the holder, or a person or group that includes such holder, beneficially owning in excess of 9.9% of the then outstanding shares of Class A Common Stock (the “Beneficial Ownership Limitation”).

Based on (i) 211,754,816 shares of Class A Common Stock outstanding as of October 31, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 7, 2024 and (ii) 12,736,773 shares of Class A Common Stock issuable upon the conversion of 2031 Convertible Senior Notes.


CUSIP No. 687793109		13G		Page 3 of 5 Pages

Includes (i) 9,487,894 shares of Class A Common Stock of Oscar Health, Inc. (the “Issuer”) and (ii) 12,736,773 shares of Class A Common Stock issuable upon the conversion of the 2031 Convertible Senior Notes beneficially owned by the Reporting Person. Excludes 361,459 shares of Class A Common Stock into which the 2031 Convertible Notes may not currently be converted due to the Beneficial Ownership Limitation.


CUSIP No. 687793109		13G		Page 4 of 5 Pages

AMENDMENT NO. 1 TO SCHEDULE 13G

This Amendment No. 1 (“Amendment No. 1”) amends and supplements the statement on Schedule 13G filed with the Securities and Exchange Commission by the Reporting Persons with respect to the Ordinary Shares of the Issuer on February 14, 2024 (the “Schedule 13G”). Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported on the Schedule 13G. Capitalized terms used but not defined in this Amendment No. 1 shall have the same meanings herein as are ascribed in the Schedule 13G.

The following Items of the Schedule 13G are hereby amended and restated as follows:

Item 4.

Ownership

(a) through (c)

The information set forth in Rows (5) through (11) of the cover pages to this Schedule 13G is incorporated herein by reference for each Reporting Person.

Dragoneer Investment Group, LLC (the “Dragoneer Adviser”) is a registered investment adviser under the Investment Advisers Act of 1940, as amended. As the managing member of Dragoneer Adviser, Cardinal DIG CC, LLC may also be deemed to share voting and dispositive power with respect to the Class A Common Stock. Marc Stad is the sole member of Cardinal DIG CC, LLC. By virtue of these relationships, each of the Reporting Persons may be deemed to share beneficial ownership of the Class A Common Stock of the Issue


CUSIP No. 687793109		13G		Page 5 of 5 Pages

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: November 14, 2024


/s/ Marc Stad
Marc Stad

DRAGONEER INVESTMENT GROUP, LLC

By:		Cardinal DIG CC, LLC
Its:		Managing Member

By:		/s/ Pat Robertson
		Name: Pat Robertson Title: Chief Operating Officer