Mark Hirschhorn - Nov 4, 2024 Form 4 Insider Report for American Well Corp (AMWL)

Role: Chief Financial Officer
Signature: /s/ Bradford Gay as attorney-in-fact for Mark Hirschhorn
Stock symbol: AMWL
Transactions as of: Nov 4, 2024
Transactions value $: -$415,511
Form type: 4
Date filed: 11/6/2024, 04:33 PM
Previous filing: Oct 29, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMWL	Class A Common Stock	Award	$0	+257K	+7922.37%	$0.00	261K	Nov 4, 2024	Direct	F1
transaction	AMWL	Class A Common Stock	Sale	-$416K	-46.3K	-17.78%	$8.97	214K	Nov 5, 2024	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of restricted stock units, with 25% vesting upon the grant date and the remaining 75% vesting in substantially equal quarterly installments, with the first vest occurring on the 15-month anniversary of the grant date and subsequent vests occurring on each three-month anniversary thereafter until such restricted stock units are fully vested on the four (4) year anniversary of the grant date.
F2	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 November 4, 2024. The sales were effected through and automatic "sell to cover" transaction that did not represent a discretionary trade by the reporting person.

Content

Represents a grant of restricted stock units, with 25% vesting upon the grant date and the remaining 75% vesting in substantially equal quarterly installments, with the first vest occurring on the 15-month anniversary of the grant date and subsequent vests occurring on each three-month anniversary thereafter until such restricted stock units are fully vested on the four (4) year anniversary of the grant date.

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 November 4, 2024. The sales were effected through and automatic "sell to cover" transaction that did not represent a discretionary trade by the reporting person.