Form 4: Dmitry Zamansky Sells AMWL Stock for Tax Purposes

American Well Corp. Chief Product & Tech Officer Dmitry Zamansky sold 8,460 shares of Class A Common Stock for $9.33 per share to cover tax liabilities from vested restricted stock units.

Summary

• Dmitry Zamansky, Chief Product & Tech Officer at American Well Corp. (AMWL), reported a transaction on July 1, 2026.
• Zamansky sold 8,460 shares of Class A Common Stock at a price of $9.33 per share.
• The sale was executed as an automatic 'sell to cover' transaction to satisfy tax liabilities arising from the vesting and settlement of restricted stock units.
• This transaction was not a discretionary trade by the reporting person.
• Following the transaction, Zamansky beneficially owns 232,620 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale is purely for tax settlement and not indicative of a change in the executive's outlook on the company's performance.

Negatives

• Sale of company stock by a key executive, although explained as tax-related, can sometimes be perceived negatively by the market.

Risks

• The primary risk is the tax liability associated with vested stock units, which necessitated the sale.
• Potential for negative market perception due to insider selling, even if for tax reasons.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports a past transaction.

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 July 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

StockSavvy.ai notes that insider stock sales, particularly for tax purposes, are common events for executives holding equity compensation. The 'sell to cover' mechanism is a standard procedure to manage tax obligations without implying a negative view on the company's prospects.

Stakeholder Impact

• Shareholders: The sale is a routine tax-related event for an executive and is not expected to have a significant direct impact on the share price, though any insider selling can sometimes create minor market noise.
• Employees: This transaction relates to executive compensation and does not directly impact other employees.
• Management: Highlights the standard practice of managing equity compensation tax liabilities.

Next Steps

• No future actions or events are detailed in this filing.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Sale, American Well Corp, AMWL, Dmitry Zamansky, Restricted Stock Units, Tax Liability, Executive Compensation