Ido Schoenberg - Jul 1, 2022 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
Stock symbol: AMWL
Transactions as of: Jul 1, 2022
Transactions value $: -$1,317,930
Form type: 4
Date filed: 7/6/2022, 08:00 PM
Previous filing: Jun 23, 2022
Next filing: Aug 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMWL	Class A Common Stock	Sale	-$1.32M	-300K	-12.64%	$4.39	2.07M	Jul 1, 2022	Direct	F1
holding	AMWL	Class A Common Stock						509K	Jul 1, 2022	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 March 11, 2022, as amended on June 1, 2022. The reporting person had previously sold shares (the "Previous Tax Sales") in order to pay the tax liabilities arising from the vestings and settlements of restricted stock units (the "Previous RSU Vests"). The Previous Tax Sales were not sufficient to cover the reporting person's entire tax liabilities arising from the Previous RSU Vests. 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 Previous 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 March 11, 2022, as amended on June 1, 2022. The reporting person had previously sold shares (the "Previous Tax Sales") in order to pay the tax liabilities arising from the vestings and settlements of restricted stock units (the "Previous RSU Vests"). The Previous Tax Sales were not sufficient to cover the reporting person's entire tax liabilities arising from the Previous RSU Vests. 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 Previous RSU Vests.