Form 4: American Well Corp Executive Phyllis Gotlib Sells Shares to Cover Tax Obligations

Phyllis Gotlib, President, International at American Well Corp, sold shares of Class A Common Stock to cover tax liabilities arising from the vesting and settlement of restricted stock units.

Summary

• On April 1, 2024, Phyllis Gotlib, President, International at American Well Corp, sold 6,891 shares of Class A Common Stock at a price of $0.7721 per share.
• The sale was executed to cover the tax liability resulting from the vesting and settlement of restricted stock units.
• Following the transaction, Ms. Gotlib directly owns 2,459,579 shares of Class A Common Stock and indirectly owns 1,285,011 shares through her husband.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the insider's view of the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects. In this case, the sale appears to be related to tax obligations, which is a common reason for insider sales.

Key Dates