Form 4: American Well Corp Director Delos M. Cosgrove Reports Changes in Beneficial Ownership

Director Delos M. Cosgrove reports acquisition of 543,773 shares of Class A Common Stock in American Well Corp.

Summary

• On June 18, 2024, Delos M. Cosgrove, a director of American Well Corp (AMWL), reported a transaction involving the company's securities.
• Cosgrove acquired 543,773 shares of Class A Common Stock at a price of $0.00 per share.
• This acquisition increased Cosgrove's direct ownership to 716,031 shares of Class A Common Stock.
• The transaction involved a grant of restricted stock units that vest on the earlier of the first annual meeting of stockholders following the grant date or the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard regulatory filing reporting a transaction. It doesn't inherently indicate positive or negative sentiment.

Positives

• The acquisition of shares by a director may signal confidence in the company's future prospects.

Future Outlook

The vesting of the restricted stock units is tied to future events: the first annual meeting of stockholders or the first anniversary of the grant date.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment if viewed as a sign of confidence by a company insider.

Key Dates