Ido Schoenberg - Dec 21, 2021 Form 4 Insider Report for American Well Corp (AMWL)

Signature
/s/ Bradford Gay as attorney-in-fact for Ido Schoenberg
Stock symbol
AMWL
Transactions as of
Dec 21, 2021
Transactions value $
-$1,702,072
Form type
4
Date filed
12/23/2021, 04:11 PM
Previous filing
Oct 5, 2021
Next filing
Feb 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMWL Class A Common Stock Sale -$1.7M -269K -8.75% $6.32 2.81M Dec 21, 2021 Direct F1
holding AMWL Class A Common Stock 465K Dec 21, 2021 By wife
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 September 4, 2021, as amended on November 18, 2021. A portion of the sale reported in this Form 4 was made in order to pay the tax liability arising from the vesting and settlement of restricted stock units on December 21, 2021. Furthermore, the reporting person had previously sold shares between April and October of 2021 (the "2021 RSU Sales"), pursuant to the terms of a Rule 10b5-1 trading plan, in order to pay the tax liabilities arising from the vesting and settlement of restricted stock units between that same period (the "2021 RSU Vests"). The 2021 RSU Sales were not sufficient to cover the reporting person's entire tax liabilities arising from the 2021 RSU Vests. The remaining portion of the sale reported in this Form 4 was made in order to pay the balance of the reporting person's cumulative tax liabilities arising from the 2021 RSU Vests.