Thrive Capital distributes 6.3M Oscar Health shares to limited partners

Oscar Health, Inc. (NYSE: OSCR) announced that Thrive Capital Management, LLC distributed approximately 6.3 million shares of Oscar Health Class A common stock to the limited partners of three affiliated funds on September 18, 2026.

The distribution involved 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. The company stated the transaction does not represent a sale of shares by Thrive Capital or Joshua Kushner, founder and CEO of Thrive Capital and co-founder and Vice Chair of Oscar Health.

Following the distribution, individuals and funds affiliated with or advised by Thrive Capital, including 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 Health's outstanding common stock.

Kushner stated he has no plans to sell any shares of Oscar Health common stock held in his personal capacity and will remain Vice Chairman and controlling shareholder with no change to his role.

"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," Kushner said in a statement included in the press release.

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