Schlegel Stephen J. 4
4 · American Well Corp · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
American Well (AMWL) Director Stephen Schlegel Sells Shares
What Happened
Stephen J. Schlegel, a director of American Well Corp (AMWL), sold 9,750 shares at $8.76 per share on June 11, 2026, generating proceeds of $85,449. The transaction is reported as a disposition (sale).
Key Details
- Transaction date: June 11, 2026; reported on Form 4 filed June 15, 2026 (four days after the trade). Form 4s are typically due within two business days.
- Shares sold: 9,750 at $8.76 each — total proceeds $85,449.
- Method/Code: Reported as a sale (S), effected pursuant to a Rule 10b5-1 trading plan.
- Footnote: The sale was made under a 10b5-1 plan (adopted Feb 17, 2026) to pay the tax liability from restricted stock units that vested and settled on June 11, 2026.
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context
This sale was executed under a pre-established 10b5-1 plan and was used to cover tax obligations from RSU vesting — a common, routine reason insiders sell shares that does not necessarily indicate a change in sentiment about the company. This was not an options exercise or a gift; it was a cash sale to satisfy taxes.
Insider Transaction Report
Form 4
Schlegel Stephen J.
Director
Transactions
- Sale
Class A Common Stock
[F1]2026-06-11$8.76/sh−9,750$85,449→ 54,553 total
Footnotes (1)
- [F1]The sale reported in this Form 4 was effected pursuant to the terms of a Rule 10b5-1 trading plan adopted by the reporting person on February 17, 2026, and was made in order to pay the tax liablility arising from the vesting and settlement of restricted stock units on June 11, 2026.
Signature
/s/ Anna Nesterova as attorney-in-fact for Stephen Schlegel|2026-06-15