Schlegel Stephen J. 4

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.