Oscar Health, Inc. announced that on December 6, 2022, the Board of Directors the Board of the Company increased the size of the Board from a total of eight directors to ten directors and appointed Ms. Laura Lang and Mr. Bill Gassen to the Board, effective as of December 7, 2022 (the “Effective Date”), in each case for a term expiring at the Company's annual meeting of stockholders to be held in 2023 and until his or her successor is duly elected and qualified or until his or her earlier death, disqualification, resignation or removal. Ms. Lang was also appointed as Chair of the Compensation Committee of the Board (the “Compensation Committee”), and Mr. Gassen was also appointed as a member of the Nominating and Corporate Governance Committee of the Board (the “Nominating Committee”), in each case effective as of the Effective Date. The Board determined that each of Ms. Lang and Mr. Gassen qualifies as independent under the rules of the New York Stock Exchange, including, in Ms. Lang's case, with respect to service on the Compensation Committee.

Mr. Gassen has served as president and CEO of Sanford Health, an integrated health system serving communities across the upper Midwest since November 2020, and is an ex officio member of Sanford Health's Board of Trustees. In addition, he served in a number of leadership roles for Sanford Health over a ten-year period including Chief Administrative Officer, Chief Human Resources Officer and Corporate Counsel. Mr. Gassen is a former healthcare litigator and is a current member of the State Bar of South Dakota.

He serves on the Health Systems Committee of the American Hospital Association and is a member of the Healthcare Institute. He holds a Bachelor of Science degree, majoring in criminal justice and religious studies, and a Juris Doctor, both from the University of South Dakota. Ms. Lang has served as the Managing Director of Narragansett Ventures, LLC, a strategic advisory firm focused on digital business transformation and growth investing, since January 2014.

Since November 2018, Ms. Lang has also served as an adviser to L Catterton. Ms. Lang was the Chief Executive Officer of Time Inc., one of the largest branded media companies in the world, until 2013. From 2008 until she joined Time Inc. in 2012, Ms. Lang was Chief Executive Officer of Digitas Inc., a marketing and technology agency and unit of Publicis Groupe S.A. In addition, she headed the company's pure-play digital agencies, including Razorfish, Big Fuel, Denuo and Phonevalley.

Ms. Lang currently serves as a member of the board of directors and the Talent and Compensation and Finance committees of V. F. Corporation, an international apparel and footwear company. She also serves on the board of directors and the Compensation and Audit committees of Vroom Inc., an e-commerce auto retailer. She previously served as a member of the board of directors of Care.com Inc. from 2014 to 2016, Nutrisystem, Inc. from 2010 to 2012 and Benchmark Electronics, Inc. from 2005 to 2011.

Ms. Lang holds a Bachelor of Arts degree, majoring in political science, from Tufts University and a Master of Business Administration from the Wharton School of the University of Pennsylvania.