Form 4: American Well Executive Sells Shares to Cover Tax Liability from RSU Vesting

Phyllis Gotlib, President of International at American Well Corp, sold 4,958 shares of Class A Common Stock for $8.6271 per share to cover tax obligations arising from restricted stock unit vesting.

Summary

• Phyllis Gotlib, President, International of American Well Corp (AMWL), reported a sale of Class A Common Stock.
• On July 1, 2025, 4,958 shares were disposed of at a price of $8.6271 per share.
• The sale was an automatic "sell to cover" transaction to pay tax liability from the vesting and settlement of restricted stock units on the same date.
• This was not a discretionary trade by the reporting person.
• Following the transaction, Phyllis Gotlib directly owns 136,891 shares and indirectly owns 64,250 shares through her husband.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' for tax purposes upon RSU vesting, explicitly stated as non-discretionary. This is a neutral event and does not indicate positive or negative sentiment from the insider regarding the company's future prospects.

Management Comments

• The sales reported were made in order to pay the tax liability arising from the vesting and settlement of restricted stock units on July 1, 2025.
• The sales were effected through an automatic "sell to cover" transaction that did not represent a discretionary trade by the reporting person.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common across all industries for executives receiving equity compensation. It does not provide specific industry-wide insights but reflects standard compensation practices in the healthcare technology sector where American Well operates.

Related Party Transactions

• Phyllis Gotlib, an officer of American Well Corp, sold shares to cover tax liabilities, which is a transaction involving a related party (company insider).

Stakeholder Impact

• Shareholders: The sale of 4,958 shares by an executive is a minor dilution event but is a routine part of equity compensation and tax management, generally having minimal direct impact on existing shareholders.
• Employees: The transaction reflects standard equity compensation practices for executives, which can be a positive for employee retention and motivation if similar programs are available.

Key Dates

Keywords

American Well Corp, AMWL, SEC Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, RSU Vesting, Sell to Cover, Executive Compensation, Phyllis Gotlib