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

Phyllis Gotlib, President, International at American Well Corp, sold 299 shares of Class A Common Stock on May 1, 2025, to cover tax liabilities arising from the vesting of restricted stock units.

Summary

• On May 1, 2025, Phyllis Gotlib, President, International of American Well Corp [AMWL], sold 299 shares of Class A Common Stock at a price of $7.2077 per share.
• The sale was executed to cover the tax liability resulting from the vesting and settlement of restricted stock units.
• Following the transaction, Gotlib directly owns 146,631 shares of Class A Common Stock and indirectly owns 64,250 shares through her husband.

Sentiment

Score: 5

Explanation: This is a neutral event. The sale is related to tax obligations and doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

This is a routine Form 4 filing, which is common for corporate executives who sell shares of their company's stock. These filings are publicly available and provide transparency into insider transactions.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, AMWL, American Well Corp, Phyllis Gotlib, stock sale, insider trading, restricted stock units, tax liability