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

Phyllis Gotlib, President, International at American Well Corp, sold 1,068 shares of Class A Common Stock on April 1, 2025, to cover tax liabilities arising from vesting of restricted stock units.

Summary

• Phyllis Gotlib, President, International of American Well Corp, reported a transaction on April 1, 2025.
• Gotlib sold 1,068 shares of Class A Common Stock at a price of $7.2803 per share.
• The sale was executed to cover tax liabilities related to the vesting and settlement of restricted stock units.
• Following the transaction, Gotlib directly owns 146,930 shares of Class A Common Stock and indirectly owns 64,250 shares through her husband.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (selling shares to cover taxes on vested stock), so the sentiment is neutral.

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 April 1, 2025.
• The sales were effected through and automatic 'sell to cover' transaction that did not represent a discretionary trade by the reporting person.

Industry Context

Insider sales are a common occurrence, especially when executives exercise stock options or restricted stock units. These sales are often planned to cover tax obligations.

Stakeholder Impact

• The sale of shares by an officer could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Form 4, American Well Corp, AMWL, Phyllis Gotlib, Insider Trading, Stock Sale, Restricted Stock Units, Tax Liability