HIRSCHHORN MARK 4

What Happened

• Mark Hirschhorn, Chief Financial Officer of American Well Corp (AMWL), sold 10,796 shares on March 2, 2026 at $5.24 per share for a total of $56,571. The filing indicates this sale was an automatic "sell-to-cover" to satisfy tax withholding from restricted stock units that vested on March 1, 2026, and was not a discretionary trade.

Key Details

• Transaction date: 2026-03-02; price: $5.24 per share; total proceeds: $56,571.
• Transaction type/code: Sale (S) via open-market/private sale designation; effected as an automatic "sell to cover."
• Reason noted (Footnote F1): Sale made to pay tax liability from RSU vesting on 2026-03-01; not a discretionary trade.
• Shares owned after the transaction: not specified in the provided filing details.
• Filing: Form 4 filed 2026-03-03 reporting the 2026-03-02 transaction (appears timely).

Context

• This was a tax-withholding sale tied to RSU settlement (common practice) rather than a voluntary discretionary sale; such transactions are generally considered routine and do not necessarily signal insider sentiment about the company's prospects.