Form 4: Amwell Exec Sells Shares for Tax Liability

Phyllis Gotlib, President, International at American Well Corp, sold 4,959 shares of Class A Common Stock to cover tax liabilities from restricted stock unit vesting.

Summary

• Phyllis Gotlib, President, International of American Well Corp (AMWL), reported a transaction involving Class A Common Stock.
• On October 1, 2025, Gotlib disposed of 4,959 shares of Class A Common Stock at a price of $6.1064 per share.
• The sale was an automatic 'sell to cover' transaction to pay tax liability arising from the vesting and settlement of restricted stock units.
• This transaction was not a discretionary trade by the reporting person.
• Following the transaction, Gotlib directly beneficially owns 127,151 shares of Class A Common Stock.
• Additionally, 114,250 shares are indirectly beneficially owned by her husband.

Sentiment

Score: 5

Explanation: The transaction is a non-discretionary 'sell to cover' for tax purposes, which is a neutral event and does not reflect positive or negative sentiment regarding the company's prospects.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The sales reported in this Form 4 were made in order 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.

Industry Context

This is a routine insider transaction (Form 4) related to executive compensation and tax obligations, which is common across publicly traded companies when restricted stock units vest.

Related Party Transactions

• 114,250 shares of Class A Common Stock are indirectly beneficially owned by the reporting person's husband.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in company fundamentals or insider confidence.

Key Dates

Recommendation

This Form 4 details a routine 'sell to cover' transaction by an executive to satisfy tax obligations upon the vesting of restricted stock units. Such non-discretionary sales are common and do not typically indicate a change in the company's fundamental outlook or the insider's long-term confidence. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

AMWL, American Well, Form 4, Insider Transaction, Stock Sale, Phyllis Gotlib, Restricted Stock Units, Sell to Cover