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.

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