Phyllis Gotlib - 01 Mar 2023 Form 4 Insider Report for American Well Corp (AMWL)

Reporting relationship: President, International
Issuer ticker: AMWL
Reported as of: 01 Mar 2023
Net transaction value: -$115,274
SEC form: 4
Accepted by SEC: 03 Mar 2023, 16:23:10 UTC
Prior SEC filing: 03 Feb 2023
Next SEC filing: 02 May 2023
Source filing: View source filing
Reporting owner signature: /s/ Bradford Gay as attorney-in-fact for Phyllis Gotlib

Key filing fact

Phyllis Gotlib filed Form 4 for American Well Corp (AMWL) on 03 Mar 2023.

Key facts

This page summarizes Phyllis Gotlib's Form 4 filing for American Well Corp (AMWL).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Mar 2023, 16:23.

Change

Previous filing in this sequence was filed on 03 Feb 2023.
Current net transaction value: -$115,274.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AMWL transaction

Class A Common Stock

Sale

Transaction value: $115,274
Shares: -42,005
Change %: -9.6%
Price: $2.74
Shares after: 395,982
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F1

AMWL transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +274,378
Change %: +69%
Price: $0.000000
Shares after: 670,360
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F2

AMWL holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,463,382
Date: 01 Mar 2023
Ownership: By husband

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AMWL transaction Derivative

Performance Share Units

Award

Transaction value: $0
Shares: +274,378
Change %
Price: $0.000000
Shares after: 274,378
Date: 01 Mar 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 274,378
Exercise price
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote 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).

Footnote 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.