McNeice Paul Francis 4
4 · American Well Corp · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
American Well (AMWL) Chief Accounting Officer Paul McNeice Sells 130 Shares
What Happened Paul McNeice, Chief Accounting Officer of American Well Corp (AMWL), sold 130 shares on March 2, 2026, at $5.24 per share, generating proceeds of $681. The Form 4 shows the sale was a disposition (code S) and was executed as a sell-to-cover related to the vesting/settlement of restricted stock units.
Key Details
- Transaction date and price: 2026-03-02 — 130 shares sold at $5.24 per share (total $681).
- Method/reason: Automatic "sell to cover" to pay tax withholding on RSUs that vested/settled on March 1, 2026 (footnote F1).
- Discretion: Filing notes the sale was automatic and did not represent a discretionary trade by the reporting person.
- Filing/timeliness: Form filed 2026-03-03 for a 2026-03-02 transaction (appears timely).
- Shares owned after transaction: Not specified in the provided excerpt.
Context Sell-to-cover transactions are common when restricted stock units vest and are used to satisfy tax withholding; they typically reflect tax obligations rather than a decision to reduce a personal stock position for investment reasons. This sale was small in dollar terms ($681) and was reported as non-discretionary per the filing.
Insider Transaction Report
- Sale
Class A Common Stock
[F1]2026-03-02$5.24/sh−130$681→ 2,933 total
Footnotes (1)
- [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, 2026. The sales were effected through and automatic "sell to cover" transaction that did not represent a discretionary trade by the reporting person.