Vukasin Paunovich - Jul 15, 2022 Form 4 Insider Report for American Well Corp (AMWL)

Role: EVP, Enterprise Platforms
Signature: /s/ Bradford Gay as attorney-in-fact for Vukasin Paunovich
Stock symbol: AMWL
Transactions as of: Jul 15, 2022
Transactions value $: -$289,217
Form type: 4
Date filed: 7/19/2022, 09:31 PM
Previous filing: Jul 19, 2022
Next filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMWL	Class A Common Stock	Award	$0	+563K		$0.00	563K	Jul 15, 2022	Direct	F1
transaction	AMWL	Class A Common Stock	Tax liability	-$289K	-68.1K	-12.08%	$4.25	495K	Jul 15, 2022	Direct

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	+563K		$0.00	563K	Jul 15, 2022	Class A Common Stock	563K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of restricted stock units, with 40% vesting upon the grant date, 40% vesting on the first anniversary of the grant date, and the remaining 20% vesting upon the 18th month anniversary of the grant date.
F2	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 July 14, 2025, and may be earned between 0%-300% of target levels, based upon the Issuer's achievement of specified market capitalization performance thresholds, subject to the reporting person's continued employment through the date on which performance is certified.

Content

Represents a grant of restricted stock units, with 40% vesting upon the grant date, 40% vesting on the first anniversary of the grant date, and the remaining 20% vesting upon the 18th month anniversary of the grant date.

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 July 14, 2025, and may be earned between 0%-300% of target levels, based upon the Issuer's achievement of specified market capitalization performance thresholds, subject to the reporting person's continued employment through the date on which performance is certified.