Privia Health (NASDAQ: PRVA) adds Dr. Opella Ernest to its board
Rhea-AI Filing Summary
Privia Health Group, Inc. reported that its Board of Directors elected Opella Ernest, M.D. as a Class III director, effective September 1, 2026, and appointed her to the Board’s Compliance Committee on the same date. The Board determined she is independent under Nasdaq rules and disclosed no related-party arrangements or transactions requiring Regulation S-K Item 404(a) disclosure.
As a non-employee director, Dr. Ernest will receive an annual cash retainer under Privia’s Non-Employee Director Compensation Program and an annual equity grant of $200,000 in restricted stock units under the 2021 Omnibus Incentive Plan, with her initial grant pro-rated through the next annual stockholder meeting. Privia Health describes itself as a large physician enablement company operating in 25 states and the District of Columbia, supporting 1,300+ physician practices, serving 6.1+ million patients, and working with 5,600+ physicians and advanced practitioners.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Annual equity grant value: $200,000
States of presence: 25 states and the District of Columbia
Physician practices supported: 1,300+ physician practices
+4 more
7 metrics
Annual equity grant value
$200,000
Grant date fair market value of annual restricted stock unit award for Dr. Ernest
States of presence
25 states and the District of Columbia
Geographic presence of Privia Health’s physician enablement platform
Physician practices supported
1,300+ physician practices
Number of physician practices Privia Health collaborates with
Patients served
6.1+ million patients
Patients whose experience Privia Health aims to improve
Clinicians partnered
5,600+ physicians and advanced practitioners
Clinicians rewarded for delivering high-value care through Privia Health
Healthcare executive experience
over 20 years
Dr. Ernest’s healthcare executive experience
Effective date
September 1, 2026
Effective date of Dr. Ernest’s appointment as director and committee member
Key Terms
Class III director, Compliance Committee, Non-Employee Director Compensation Program, restricted stock units, +2 more
6 terms
Class III director regulatory
"elected Opella Ernest, M.D. to the Board as a Class III director"
A Class III director is a board member placed in one of the numbered groups used by companies with a staggered (or “classified”) board; that director’s seat typically comes up for election in the third year of a three-year rotation. For investors this matters because staggered terms create continuity but also make it harder to replace the whole board quickly, affecting shareholder influence, takeover dynamics and how fast new strategy or accountability can be implemented — like replacing only some players on a sports team each season instead of the whole roster at once.
Compliance Committee regulatory
"appointed Dr. Ernest as a member of the Compliance Committee of the Board"
Non-Employee Director Compensation Program financial
"in accordance with the terms and conditions of the Company’s Non-Employee Director Compensation Program"
restricted stock units financial
"an annual equity grant, pursuant to the 2021 Omnibus Incentive Plan, as amended, of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Omnibus Incentive Plan financial
"pursuant to the 2021 Omnibus Incentive Plan, as amended, of restricted stock units"
value-based care medical
"She brings valuable clinical expertise and value-based care experience to the Board"
A health-care delivery approach that rewards providers for keeping patients healthy and improving outcomes instead of charging for each test or visit. For investors, it matters because it shifts where profits and losses come from—favoring providers and technologies that lower long-term costs, prevent complications, and demonstrate measurable results; think of it like paying a contractor only when the house stays sound, which changes who wins and loses financially.
FAQ
What board change did Privia Health Group (PRVA) announce on August 18, 2026?
Privia Health Group announced that Opella Ernest, M.D. was elected as a Class III director, effective September 1, 2026, and was also appointed to the Board’s Compliance Committee, strengthening its governance and clinical oversight experience.
Is the new Privia Health (PRVA) director considered independent under Nasdaq rules?
Yes. The Board determined that Dr. Opella Ernest is independent in accordance with The Nasdaq Stock Market independence standards, and the company noted there are no related-party arrangements or transactions requiring disclosure under Regulation S-K Item 404(a).
How will Privia Health (PRVA) compensate Dr. Ernest for her board service?
Dr. Ernest will receive an annual cash retainer under Privia’s Non-Employee Director Compensation Program and an annual equity grant of restricted stock units with a grant date fair market value of $200,000, with her initial grant pro-rated to the next annual stockholder meeting.
What is the effective date of Dr. Opella Ernest’s appointment to Privia Health’s board?
Dr. Opella Ernest’s appointment as a Class III director and member of the Compliance Committee is effective on September 1, 2026, as disclosed by Privia Health Group in its current report and related press release.
How large is Privia Health’s (PRVA) physician enablement platform?
Privia Health describes itself as one of the largest physician enablement companies in the U.S., operating in 25 states and the District of Columbia, collaborating with 1,300+ physician practices, serving 6.1+ million patients, and partnering with 5,600+ physicians and advanced practitioners.
What key experience does Dr. Opella Ernest bring to Privia Health’s board?
Dr. Ernest brings over 20 years of healthcare executive experience, including roles as President, HCSC Markets and Executive Vice President, Chief Operating Officer at Health Care Service Corporation, with a background in value-based care and clinical practice.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________
FORM 8-K
_______________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 12, 2026
_________________________
(Exact Name of Registrant as Specified in Its Charter)
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(State or other jurisdiction of incorporation or organization) | (Commission File No.) | (I.R.S. Employer Identification No.) | |||||||||
(Address of Principal Executive Offices) | (Zip Code) | ||||||||||
(571 ) 366-8850
Registrant's telephone number, including area code
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On August 12, 2026, the Board of Directors (the “Board”) of Privia Health Group, Inc. (the “Company”) elected Opella Ernest, M.D. to the Board as a Class III director, effective September 1, 2026. The Board also appointed Dr. Ernest as a member of the Compliance Committee of the Board effective September 1, 2026.
The Board has determined Dr. Ernest to be independent in accordance with the independence standards of the rules of The Nasdaq Stock Market. There are no arrangements or understandings between Dr. Ernest and any other persons pursuant to which Dr. Ernest was selected as a director, and there are no transactions in which Dr. Ernest has a direct or indirect material interest requiring disclosure under Item 404(a) of Regulation S-K.
As compensation for her service as a director, Dr. Ernest will receive an annual cash retainer in accordance with the terms and conditions of the Company’s Non-Employee Director Compensation Program (the “Director Compensation Program”). Consistent with the terms of the Director Compensation Program, Dr. Ernest will also receive an annual equity grant, pursuant to the 2021 Omnibus Incentive Plan, as amended, of restricted stock units with a grant date fair market value of $200,000. Dr. Ernest will receive an initial grant pro-rated for the number of months that she will serve on the Board through the date of the next annual meeting of stockholders. The terms and conditions of these grants will be governed by an agreement substantially in the form of the Company’s Form of 2021 Omnibus Plan Restricted Stock Unit Award for Non-Employee Directors.
On August 18, 2026, the Company issued a press release announcing the election of Dr. Ernest to the Board. A copy of the Company’s press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit:
| Exhibit No. | Description | |||||||
| 99.1 | Privia Health Group, Inc. Press Release Dated August 18, 2026 | |||||||
| 104 | The Cover Page from this Current Report on Form 8-K, Interactive Data File (formatted as Inline XBRL) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PRIVIA HEALTH GROUP, INC. | |||||||||||
Date: August 18, 2026 | By: | /s/ Parth Mehrotra | |||||||||
| Name: Parth Mehrotra | |||||||||||
| Title: Chief Executive Officer | |||||||||||
 | Exhibit 99.1 | |||||||||||||
Privia Health Announces Appointment of Opella Ernest, M.D. to its Board of Directors
Dr. Ernest brings significant value-based care and clinical expertise
Dr. Ernest brings significant value-based care and clinical expertise
ARLINGTON, VA – August 18, 2026 – Privia Health Group, Inc. (Nasdaq: PRVA) announced the appointment of Opella Ernest, M.D. to its Board of Directors, effective September 1, 2026. She has also been named a member of the Compliance Committee of the Board.
“We are excited to welcome Dr. Ernest to our Board of Directors,” said David King, Chairman of the Board, Privia Health Group, Inc. “She brings valuable clinical expertise and value-based care experience to the Board and her deep healthcare expertise will be beneficial to Privia Health as we continue to grow our business and build scaled provider networks across the United States”
Dr. Ernest has over 20 years of healthcare executive experience. Since 2023, she has served as President, HCSC Markets at Health Care Service Corporation, responsible for the strategic direction, clinical operations, performance, and growth for all market segments. She served as Executive Vice President, Chief Operating Officer at HCSC from 2021 to 2023, transforming HCSC’s customer and provider experience through advancements in technology and innovation. Prior to joining HCSC in 2012, Dr. Ernest held leadership roles at Healthspring and in various clinical practices.
A board-certified family physician, Dr. Ernest has a degree in medicine from The Ohio State University College of Medicine and a bachelor’s degree from the University of Michigan. Dr. Ernest is a member of the boards of directors of World Business Chicago and the Museum of Science and Industry. She is the former Chair of the American Heart Association’s Metro Chicago board of directors and received the 2021 Heart of Gold Award for her dedication addressing health issues.
About Privia Health
Privia Health™ is one of the largest physician enablement companies in the United States with a presence in 25 states and the District of Columbia. Privia builds scaled provider networks with primary-care centric medical groups, risk-bearing entities, a physician-led governance structure, and the Privia Platform comprising an extensive suite of technology and service solutions. Privia collaborates with medical groups, health plans and health systems to optimize 1,300+ physician practices, improve the patient experience for 6.1+ million patients, and reward 5,600+ physicians and advanced practitioners for delivering high-value care. Privia’s mission is to transform healthcare delivery to achieve better outcomes, lower costs, and improve the health of communities and the well-being of providers. For more information, visit priviahealth.com and connect with us on LinkedIn.
Safe Harbor Statement
This release may contain forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in filings with the Securities and Exchange Commission (“SEC”), including those under “Risk Factors” therein. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Forward-looking statements speak only as of the date made. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
| Exhibit 99.1 | |||||||||||||
Contact:
Robert Borchert
SVP, Investor & Corporate Communications
IR@priviahealth.com
817.783.4841
Robert Borchert
SVP, Investor & Corporate Communications
IR@priviahealth.com
817.783.4841