Deborah Jackson - Nov 2, 2023 Form 4 Insider Report for American Well Corp (AMWL)

Role
Director
Signature
/s/ Bradford Gay as attorney-in-fact for Deborah Jackson
Stock symbol
AMWL
Transactions as of
Nov 2, 2023
Transactions value $
-$2,945
Form type
4
Date filed
11/6/2023, 04:38 PM
Previous filing
Sep 14, 2023
Next filing
Mar 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMWL Class A Common Stock Sale -$2.95K -2.38K -1.73% $1.24 135K Nov 2, 2023 Direct F1
holding AMWL Class A Common Stock 12.3K Nov 2, 2023 By spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to the terms of a Rule 10b5-1 trading plan adopted by the reporting person on November 9, 2022, and was made in order to pay the tax liability arising from the vesting and settlement of restricted stock units on November 2, 2023.