McNeice Paul Francis 4

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.