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

Role: Chairman, co-CEO, Director, 10%+ Owner
Signature: /s/ Bradford Gay as attorney-in-fact for Ido Schoenberg
Issuer symbol: AMWL
Transactions as of: 21 Dec 2021
Net transactions value: -$1,702,072
Form type: 4
Filing time: 23 Dec 2021, 16:11:31 UTC
Previous filing: 05 Oct 2021
Next filing: 04 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMWL	Class A Common Stock	Sale	$1,702,072	-269,230	-8.7%	$6.32	2,808,501	21 Dec 2021	Direct	F1
holding	AMWL	Class A Common Stock						464,526	21 Dec 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.

Content

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.