Serkan Kutan - 07 Dec 2021 Form 4 Insider Report for American Well Corp (AMWL)

Signature
/s/ Bradford Gay, as attorney-in-fact for Serkan Kutan
Issuer symbol
AMWL
Transactions as of
07 Dec 2021
Net transactions value
-$11,864
Form type
4
Filing time
09 Dec 2021, 17:38:52 UTC
Previous filing
03 Dec 2021
Next filing
03 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMWL Class A Common Stock Sale $11,864 -1,800 -0.36% $6.59 504,352 07 Dec 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person sold shares on December 1, 2021 (the "December 1 Sale"), pursuant to the terms of a Rule 10b5-1 trading plan adopted by the reporting person on August 25, 2021, in order to pay the tax liability arising from the vesting and settlement of restricted stock units on December 1, 2021 (the "December 1 RSU Vest"). The December 1 Sale was not sufficient to cover the reporting person's entire tax liability arising from the December 1 RSU Vest. The sale reported in this Form 4 was made outside of a 10b5-1 plan in order to pay the remaining part of the reporting person's tax liability arising from the December 1 RSU Vest.