Form 4: Amwell Executive Sells Shares for Tax Obligations

American Well Corp's President, International, Phyllis Gotlib, sold 3,707 shares of Class A Common Stock at $4.85 per share to cover tax liabilities from restricted stock unit vesting.

Summary

• Phyllis Gotlib, President, International of American Well Corp (AMWL), reported a transaction on January 2, 2026.
• The transaction involved the sale of 3,707 shares of Class A Common Stock at a price of $4.85 per share.
• This sale was an automatic 'sell to cover' transaction, executed to pay tax liability arising from the vesting and settlement of restricted stock units on January 1, 2026.
• The sale was not a discretionary trade by the reporting person.
• Following the transaction, Phyllis Gotlib directly beneficially owns 119,870 shares of Class A Common Stock.
• Additionally, 114,250 shares of Class A Common Stock are indirectly beneficially owned by her husband.

Sentiment

Score: 5

Explanation: The filing reports a routine 'sell to cover' transaction for tax purposes, which is a neutral event and does not reflect discretionary sentiment about the company's prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

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 January 1, 2026.
• 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 insider transaction is a routine event related to executive compensation and tax obligations, and it does not provide specific insights into broader industry trends or competitive landscape within the telehealth sector.

Related Party Transactions

• Indirect beneficial ownership of 114,250 shares of Class A Common Stock by the reporting person's husband is noted.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not signaling a change in management's confidence or company fundamentals.

Key Dates

Recommendation

The reported transaction is a non-discretionary 'sell to cover' sale to satisfy tax obligations related to restricted stock unit vesting. This type of insider transaction is routine and does not typically indicate a change in the company's fundamental outlook or management's long-term view, thus not warranting a change in investment recommendation based solely on this filing.

Keywords

American Well Corp, AMWL, Insider Trading, Form 4, Stock Sale, Restricted Stock Units, Tax Liability, Sell to Cover