Divisadero Street Capital Management Acquires 9.9% Stake in Omada Health, Inc.

On May 15, 2026, Divisadero Street Capital Management, LP filed a Schedule 13G indicating a significant new stake in Omada Health, Inc. (OMDA). The filing reporting group, which includes William Zolezzi, Divisadero Street Partners, L.P., Divisadero Street Partners GP, LLC, and Divisadero Street Capital, LLC, collectively reported beneficial ownership of 5,887,715 shares of Common Stock. This represents a 9.9% ownership stake in the company, a substantial increase from a previous 0% position. Of the total shares, Divisadero Street Partners, L.P. is the direct owner of 4,487,262 shares (7.6%). The filing was made under Rule 13d-1(c), certifying that the shares were acquired for investment purposes and not with the intent to influence or change the control of the issuer. The reporting persons share voting and dispositive power over the reported securities. This position represents a new major institutional holding for Omada Health, valued at approximately $97.5 million based on the provided transaction data.