Form 4: American Well Corp Executive Kurt Knight Sells Shares to Cover Tax Obligations

Kurt Knight, Chief Operating Officer of American Well Corp, sold 268 shares of Class A Common Stock on November 1, 2024, to cover tax liabilities arising from the vesting and settlement of restricted stock units.

Summary

• On November 1, 2024, Kurt Knight, the Chief Operating Officer of American Well Corp (AMWL), sold 268 shares of Class A Common Stock.
• The shares were sold at a price of $8.9302 per share.
• The sale was executed to cover the tax liability resulting from the vesting and settlement of restricted stock units.
• Following the transaction, Knight directly owns 145,336 shares of American Well Corp.
• The sale was conducted through an automatic 'sell to cover' transaction and did not represent a discretionary trade by Knight.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover for tax purposes) and doesn't indicate any significant positive or negative sentiment.

Management Comments

• The sales reported in this Form 4 were made in order to pay the tax liability arising from the vesting and settlement of restricted stock units on November 1, 2024.
• The sales were effected through and automatic 'sell to cover' transaction that did not represent a discretionary trade by the reporting person.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard 'sell to cover' to meet tax obligations, which is a common practice.

Key Dates