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

Role
Vice President of Accounting
Signature
/s/ Bradford Gay, as attorney-in-fact for Paul McNeice
Stock symbol
AMWL
Transactions as of
Mar 1, 2023
Transactions value $
-$11,018
Form type
4
Date filed
3/3/2023, 04:11 PM
Previous filing
Feb 3, 2023
Next filing
May 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMWL Class A Common Stock Sale -$11K -4.02K -5.59% $2.74 67.8K Mar 1, 2023 Direct F1
transaction AMWL Class A Common Stock Award $0 +40.5K +59.72% $0.00 108K Mar 1, 2023 Direct F2
* 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 sales were 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).