Mario Schlosser

President of Technology and CTO at Oscar Health Inc

Board

Since April 3, 2023

Age

46 years

Education

Earned a degree in computer science with highest distinction from the University of Hannover and an MBA from Harvard Business School.

Tenure

Joined OSCR in October 2012 as a co-founder and director, served as CEO until April 2023, and then transitioned to his current roles as President of Technology and CTO.

Also at Oscar Health Inc

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Mark T. Bertolini

Chief Executive Officer

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Alessandrea Quane

Chief Insurance Officer

Janet Liang

EVP and President of Oscar Insurance

About

Mario Schlosser is a seasoned technology executive with a diverse background spanning consulting, investment management, gaming, and healthcare technology.

Holds a degree in computer science with highest distinction from the University of Hannover and an MBA from Harvard Business School, which have underpinned his analytical and strategic approach in his career.

At OSCR, he co-founded the company in October 2012, served as director, and led the organization as CEO until April 2023 before transitioning to his current roles as President of Technology and CTO, driving product innovation and strategic technology development.

His contributions extend beyond his executive roles, as he has also been involved in academic research as a visiting scholar and has played a part in shaping industry practices through board memberships, including at Duolingo, Inc..

Past Roles

Organization	Role	Date Range	Details
Oscar Health (OSCR)	Chief Executive Officer	December 2012 - April 2023	Co-founded Oscar Health and served as Director from December 2012
Vostu, Ltd.	Co-Founder	August 2006 - November 2012	Led analytics and game design practices
Bridgewater Associates	Senior Investment Associate	August 2007 - March 2010	Developed analytical trading models
McKinsey & Company	Consultant	November 2002 - May 2007	Worked in Europe, the United States, and Brazil
Stanford University	Visiting Scholar	N/A	Wrote and co-authored 10 computer science publications

External Roles

Organization	Role	Date Range	Details
Duolingo, Inc.	Board of Directors	July 2024 - Present	N/A

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$600,000	Annual	Base salary for 2024
RSUs (March 10, 2024)	$2,530,112, 172,940 RSUs	12 equal quarterly installments beginning June 1, 2024	Granted on March 10, 2024
Additional RSUs (March 10, 2024)	$2,530,112, 172,940 RSUs	12 equal quarterly installments beginning June 1, 2024	Granted on March 10, 2024
401(k) Matching	$6,000	As per plan	Fixed 401(k) matching contribution for 2024

Performance Compensation

Data from FY 2024

Non-Equity Incentive Plan Compensation

Metric	Target	Actual	Weight	Threshold	Maximum
Adjusted EBITDA	$150 million	$199.2 million	50%	N/A	200%
Direct & Assumed Premiums	$9.9 billion	$10.5 billion	30%	N/A	200%
Operating Leverage	17.8%	16.7%	10%	N/A	130%
Strategic Initiatives	See details	See details	10%	N/A	130%

Base Salary: $600,000
Target Annual Incentive: 100% of base salary ($600,000)
Actual Annual Incentive Payout: $1,050,000 (175% of target)
Evaluation Period: 2024 (annual)
Payouts are determined using linear interpolation between a threshold payout of 30% and a cap for each metric.

Performance Stock Units (PSUs)

Detail	Value
Performance Metric	Cumulative three-year EBIT (2024-2026) with rTSR modifier
Threshold Vesting	50% of target PSUs
Target Vesting	100% of target PSUs
Maximum Vesting	280% of target PSUs
Grant Date	March 10, 2024
Grant Date Fair Value	$2,665,000
Grant Date Stock Price	$15.50 (60-day average)
Vesting Schedule	Cliff-vest after the three-year performance period (2024-2026)

These components align executive payouts with the company's financial and operational performance, incorporating both absolute and relative performance measures.