Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AMWL | Class A Common Stock | Options Exercise | +500K | +37.97% | 1.82M | May 15, 2023 | Direct | F1 | ||
transaction | AMWL | Class A Common Stock | Sale | -$512K | -251K | -13.79% | $2.04 | 1.57M | May 15, 2023 | Direct | F2 |
holding | AMWL | Class A Common Stock | 666K | May 15, 2023 | By Wife |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AMWL | Performance Share Units | Options Exercise | -500K | -50% | 500K | May 15, 2023 | Class A Common Stock | 500K | Direct | F1 |
Id | Content |
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F1 | Each Performance Share Unit represents a contingent right to receive one share of Class A Common Stock of the Issuer. On May 16, 2022, the reporting person received a grant of 1,000,000 target Performance Share Units which are eligible to vest over a three-year performance period ending May 15, 2025, and may be earned between 0%-750% of target levels, based upon the Issuer's achievement of specified market capitalization performance thresholds, subject to the reporting person's continued employment through each applicable vesting date. On May 15, 2023, 500,000 shares underlying the Performance Share Units became earned and vested. |
F2 | The sales reported in this Form 4 were made in order to pay the tax liability arising from the vesting and settlement of performance share units on May 15, 2023. The sales were effected through an automatic "sell to cover" transaction that did not represent a discretionary trade by the reporting person. |