Oscar Health Announces Thrive Capital’s Completion of Oscar Health Common Stock Distribution to its Limited Partners

Thrive Capital’s in-kind distribution of Oscar shares returns capital to its limited partners while Joshua Kushner maintains control and his current role.

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NEW YORK--(BUSINESS WIRE)-- Oscar Health, Inc. (“Oscar Health” or the “Company”) (NYSE: OSCR) announced that on September 18, 2026 certain funds affiliated with or advised by Thrive Capital Management, LLC (“Thrive Capital”), the majority stockholder of Oscar Health, distributed approximately 6.3 million shares of Oscar Health Class A common stock (“Class A shares”) to their limited partners.

The distribution returns capital to the limited partners of Thrive Capital Partners II, L.P., Thrive Capital Partners III, L.P. and Claremount TW, L.P. following a holding period of more than 14 years and does not represent a sale of Company shares by Thrive Capital or Joshua Kushner, founder and CEO of Thrive Capital and Co-Founder and Vice Chair of the Company.

“Thrive commits deeply to a small number of founders and stands with them for the long-term,” said Joshua Kushner. “Thrive has been Oscar Health’s founding partner for more than 14 years, and we have strong conviction in the Company’s long-term opportunity to build the consumer healthcare marketplace of the future. Oscar Health is just getting started.”

Kushner continued, “With Oscar Health’s strong execution, we believe this is an appropriate time to return a small portion of Thrive’s investment through an in-kind distribution. I remain fully committed to Oscar Health for the long-term.”

Joshua Kushner informed the Company that he has no plans to sell any shares of Oscar common stock that he holds in his personal capacity. He will remain Oscar’s Vice Chairman and controlling shareholder, with no change to his role or personal commitment to the Company. Following the distribution, individuals and funds affiliated with or advised by Thrive Capital, including Joshua Kushner, beneficially own approximately 4.7 million Class A shares and approximately 32.9 million shares of Class B common stock, collectively representing approximately 67% of the combined voting power of Oscar’s outstanding common stock.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained herein are forward- looking statements. These statements include, but are not limited to, statements about third party investment decisions regarding the Company’s shares and/or third party commitments to the Company. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict and generally beyond our control. Although management believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, there are or will be important factors that could cause our actual results to differ materially from those indicated in these forward-looking statements, including, but not limited to, the factors set forth under the caption “Risk Factors” in our in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”), and our other filings with the SEC.

You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Any forward-looking statement speaks only as of the date as of which it is made, and, except as otherwise required by law, we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New factors emerge from time to time, and it is not possible for us to predict which will arise.

About Oscar Health

Oscar Health, Inc. (NYSE: OSCR) is a leading consumer health company that gives people power over their healthcare. Oscar Health serves millions of consumers, employers, brokers, and partners through Oscar Insurance, Lucie Health Marketplace, and Trove Group. Together these businesses deliver exceptional lifestyle products and technology platforms that make healthcare easy to choose, use, and experience. Learn more at OscarHealth.com.

Source: Oscar Health, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260918916642/en/

Investor Contact:
Chris Potochar
VP of Investor Relations
ir@hioscar.com

Media Contact:
Dalya Browne
Senior Director, External Communications
press@hioscar.com

Source: Oscar Health, Inc.

Key Terms

in-kind distribution financial

A distribution of value to shareholders or beneficiaries made by transferring assets instead of paying cash, such as shares, bonds, or property. Like receiving a box of goods rather than money, it changes what you hold rather than adding liquid funds; investors care because it affects a portfolio’s composition, liquidity, tax reporting, and cost basis for the received assets.

limited partners financial

Limited partners are investors who provide most of the capital to an investment partnership but do not run its day-to-day business; they have liability only up to the amount they invested. Think of them as silent backers who hire a manager to make decisions and share in profits or losses; their importance to investors lies in shaping how much money a fund can deploy, the risk and return profile they receive, and the liquidity and fees associated with that investment.

beneficially own regulatory

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

combined voting power regulatory

The total number of votes that all outstanding voting securities of a company can cast on a matter, typically measured as the sum of voting rights across share classes that elect directors or decide important corporate actions. It matters to investors because it shows who can control board elections or major decisions—like counting all votes on a single ballot—so changes in combined voting power reveal shifts in influence or control.