Gotlib Phyllis 4
4 · American Well Corp · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
American Well (AMWL) President Phyllis Gotlib Sells Shares
What Happened Phyllis Gotlib, President, International for American Well Corp (AMWL), reported a sale of 3,706 shares on 2026-04-01 at $5.30 per share, generating proceeds of $19,642. The transaction is reported as a sale (code S) and was executed as an automatic "sell-to-cover" tied to the vesting/settlement of restricted stock units.
Key Details
- Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (timely filing).
- Transaction: Open market/private sale (S) of 3,706 shares at $5.30 per share — proceeds $19,642.
- Footnote: Sale was an automatic sell-to-cover to satisfy tax withholding for RSU vesting (non-discretionary; per footnote F1).
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Filing timeliness: Not marked late; filed the next day.
Context A "sell-to-cover" is a routine mechanism firms use when restricted stock units vest: enough shares are sold automatically to cover tax withholding rather than representing a discretionary sale by the insider. Such transactions are common and generally reflect tax logistics rather than a direct signal about the insider’s view of the company. Purchases or discretionary sales tend to be more informative about insider sentiment.
Insider Transaction Report
- Sale
Class A Common Stock
[F1]2026-04-01$5.30/sh−3,706$19,642→ 163,004 total
- 114,250(indirect: By Spouse)
Class A Common Stock
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 April 1, 2026. The sales were effected through and automatic "sell to cover" transaction that did not represent a discretionary trade by the reporting person.