Form 4: American Well Officer Sells Shares for Tax Liability

American Well's Chief Accounting Officer, Paul McNeice, sold 113 shares of Class A Common Stock to cover tax liabilities from restricted stock unit vesting.

Summary

• Paul Francis McNeice, Chief Accounting Officer of American Well Corp (AMWL), reported a transaction involving the company's Class A Common Stock.
• On December 1, 2025, McNeice disposed of 113 shares of Class A Common Stock.
• The shares were sold at a price of $4.0573 per share.
• Following this transaction, McNeice beneficially owns 3,447 shares directly.
• The sale was an automatic "sell to cover" transaction, executed to satisfy tax liabilities arising from the vesting and settlement of restricted stock units, and did not represent a discretionary trade by the reporting person.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' for tax purposes related to RSU vesting, indicating no discretionary selling by the insider and thus having a neutral impact on sentiment.

Future Outlook

NA

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 December 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

NA

Stakeholder Impact

• Shareholders: Minimal impact as the transaction is a routine, non-discretionary 'sell to cover' for tax purposes, not indicative of a change in management's confidence or the company's fundamentals.

Key Dates

Recommendation

The reported transaction is a non-discretionary 'sell to cover' to satisfy tax obligations arising from restricted stock unit vesting. This is a common and expected event for executives and does not reflect a change in the insider's view of the company's prospects, thus having a neutral impact on investment recommendation.

Keywords

American Well, AMWL, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, RSU, Sell to Cover, Paul McNeice