Form 4: American Well Corp CFO Mark Hirschhorn Reports Stock Transactions

Mark Hirschhorn, CFO of American Well Corp, reports acquisition and disposal of Class A Common Stock, including a sale to cover tax liabilities from vesting restricted stock units.

Summary

• On November 4, 2024, Mark Hirschhorn, the CFO of American Well Corp, acquired 257,477 shares of Class A Common Stock at $0.
• These shares were granted as restricted stock units, vesting 25% immediately and the remaining 75% in quarterly installments over four years.
• On November 5, 2024, Hirschhorn sold 46,345 shares of Class A Common Stock at a price of $8.9656 per share.
• The sale was to cover tax liabilities arising from the vesting and settlement of restricted stock units.
• Following these transactions, Hirschhorn beneficially owns 214,382 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The grant of restricted stock units to the CFO aligns his interests with the long-term performance of the company.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the actions of key executives.

Stakeholder Impact

• Shareholders are informed about the CFO's stock transactions, providing transparency into insider activity.

Key Dates