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

Kathy Johnson Weiler, Chief Commercial & Growth Officer of American Well Corp, sold shares to cover tax liabilities arising from vested restricted stock units.

Summary

• Kathy Johnson Weiler, the Chief Commercial & Growth Officer of American Well Corp (AMWL), reported a transaction on June 3, 2024.
• Weiler sold 69,755 shares of Class A Common Stock at a price of $0.4146 per share.
• The sale was executed to cover tax liabilities related to the vesting and settlement of restricted stock units on June 1, 2024.
• Following the transaction, Weiler beneficially owns 3,905,862 shares of American Well Corp.
• The sale was an automatic 'sell to cover' transaction and did not represent a discretionary trade.

Sentiment

Score: 5

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

Industry Context

Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. The 'sell to cover' mechanism is a standard practice.

Stakeholder Impact

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

Key Dates