Dragoneer (NYSE: OSCR) discloses 657,435 Oscar Health shares

Rhea-AI Filing Summary

Oscar Health, Inc. investors Marc Stad and Dragoneer Investment Group, LLC report a small passive ownership stake in the company’s Class A Common Stock. They beneficially own 657,435 shares, representing about 0.3% of the class, based on 229,010,000 shares outstanding as of October 31, 2025. All voting and dispositive power over these shares is shared, with no sole authority reported. The filing states the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Oscar Health.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Oscar Health, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.00001 per share

(Title of Class of Securities)

687793109

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 687793109

1

Names of Reporting Persons

Marc Stad

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 657,435.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 657,435.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

657,435.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.3 %

12

Type of Reporting Person (See Instructions)

IN, HC

Comment for Type of Reporting Person: The number of shares outstanding for purposes of the percentage calculation in Item 11 is based on 229,010,000 shares of Class A Common Stock outstanding as of October 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, filed with the SEC on November 6, 2025.

SCHEDULE 13G

CUSIP No. 687793109

1

Names of Reporting Persons

Dragoneer Investment Group, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 657,435.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 657,435.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

657,435.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.3 %

12

Type of Reporting Person (See Instructions)

IA, OO

Comment for Type of Reporting Person: The number of shares outstanding for purposes of the percentage calculation in Item 11 is based on 229,010,000 shares of Class A Common Stock outstanding as of October 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, filed with the SEC on November 6, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Oscar Health, Inc.
(b)	Address of issuer's principal executive offices: 75 Varick Street, 5th Floor, New York, New York 10013
Item 2.
(a)	Name of person filing: Marc Stad Dragoneer Investment Group, LLC
(b)	Address or principal business office or, if none, residence: One Letterman Dr., Bldg D, Ste M500 San Francisco, CA 94129.
(c)	Citizenship: Marc Stad: United States; Dragoneer Investment Group, LLC: Delaware
(d)	Title of class of securities: Class A Common Stock, par value $0.00001 per share
(e)	CUSIP No.: 687793109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 657,435.
(b)	Percent of class: 0.3%.The number of shares outstanding for purposes of the percentage calculation in Item 11 is based on 229,010,000 shares of Class A Common Stock outstanding as of October 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, filed with the SEC on November 6, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: Marc Stad: 657,435 Dragoneer Investment Group, LLC: 657,435
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: Marc Stad: 657,435 Dragoneer Investment Group, LLC: 657,435 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 Ordinary Shares. 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 Ordinary Shares of the Issuer.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

Marc Stad

Signature:	Marc Stad
Name/Title:	Marc Stad
Date:	02/17/2026

Dragoneer Investment Group, LLC

Signature:	Pat Robertson
Name/Title:	Pat Robertson, Chief Operating Officer
Date:	02/17/2026

FAQ

How many Oscar Health (OSCR) shares do Marc Stad and Dragoneer report owning?

They report beneficial ownership of 657,435 Class A shares of Oscar Health. This position is held with shared voting and dispositive power and is treated as a passive investment, according to the ownership certification language.

What percentage of Oscar Health (OSCR) does Dragoneer’s group own in this filing?

The filing shows beneficial ownership of about 0.3% of Oscar Health’s Class A shares. This percentage is calculated using 229,010,000 shares outstanding as of October 31, 2025, as disclosed in Oscar Health’s Form 10-Q.

Who are the reporting persons in this Oscar Health (OSCR) Schedule 13G/A amendment?

The reporting persons are Marc Stad and Dragoneer Investment Group, LLC. The document also explains related entities, including Cardinal DIG CC, LLC, through which they may be deemed to share beneficial ownership of Oscar Health’s Class A Common Stock.

Is the Dragoneer stake in Oscar Health (OSCR) reported as a passive investment?

Yes. The certification states the securities were acquired and are held in the ordinary course of business, not for changing or influencing control of Oscar Health, and not in connection with any control-related transaction, other than limited nomination-related activities.

How many Oscar Health (OSCR) shares were outstanding for this ownership calculation?

The ownership percentage is based on 229,010,000 Class A shares outstanding as of October 31, 2025. That figure comes from Oscar Health’s Form 10-Q for the quarter ended September 30, 2025, which is cited directly in the ownership section.

What voting and dispositive powers are reported over Oscar Health (OSCR) shares?

The reporting persons show zero sole voting or dispositive power and full shared power over 657,435 shares. Both voting and disposition authority for all reported shares are shared, reflecting the coordinated way this investment position is managed.