Kurt Knight - Mar 1, 2023 Form 4 Insider Report for American Well Corp (AMWL)

Role
Chief Operating Officer
Signature
/s/ Bradford Gay as attorney-in-fact for Kurt Knight
Stock symbol
AMWL
Transactions as of
Mar 1, 2023
Transactions value $
-$118,705
Form type
4
Date filed
3/3/2023, 04:16 PM
Previous filing
Feb 3, 2023
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMWL Class A Common Stock Sale -$119K -43.3K -3.68% $2.74 1.13M Mar 1, 2023 Direct F1
transaction AMWL Class A Common Stock Award $0 +274K +24.22% $0.00 1.41M Mar 1, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMWL Performance Share Units Award $0 +274K $0.00 274K Mar 1, 2023 Class A Common Stock 274K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 March 1, 2023. The sale was effected through an automatic "sell to cover" transaction that did not represent a discretionary trade by the reporting person.
F2 Represents a grant of restricted stock units, with 25% vesting upon the first anniversary of the grant date ("Initial Vesting Date"), and the remaining vesting every 3 months thereafter over a three-year period (beginning on the first calendar day of the month following the date that is three months following the Initial Vesting Date).
F3 Each Performance Share Unit represents a contingent right to receive one share of Class A Common Stock of the Issuer. The Performance Share Units are eligible to vest over a three-year performance period ending February 28, 2026, and may be earned between 0%-150% of target levels, based upon the Issuer's achievement of specified stock price performance thresholds, subject to the reporting person's continued employment through the date on which performance is certified.