Form 4: Amwell CAO Sells Shares for Tax Liability

American Well Corporation's Chief Accounting Officer, Paul McNeice, sold 332 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 Corporation (AMWL), reported a transaction on October 1, 2025.
• He disposed of 332 shares of Class A Common Stock at a price of $6.1064 per share.
• The sale was an automatic 'sell to cover' transaction, not a discretionary trade, executed to pay tax liability arising from the vesting and settlement of restricted stock units.
• Following this transaction, Mr. McNeice beneficially owns 3,560 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a non-discretionary 'sell to cover' for tax purposes, which is a neutral event, though it results in a minor reduction of insider ownership.

Negatives

• A minor reduction in direct insider ownership due to the sale of 332 shares.

Management Comments

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

Stakeholder Impact

• Shareholders may note a minor reduction in direct insider ownership, though the non-discretionary nature of the sale mitigates concerns about management's confidence.

Key Dates

Keywords

American Well Corporation, AMWL, Paul McNeice, Chief Accounting Officer, Insider Trading, Form 4, Stock Sale, Restricted Stock Units, Sell to Cover