Gotlib Phyllis 4
4 · American Well Corp · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
American Well (AMWL) President, International Phyllis Gotlib Sells Shares
What Happened
Phyllis Gotlib, President, International of American Well Corp (AMWL), reported the sale of 6,677 shares on July 1, 2026. The shares were sold at $9.33 per share for total proceeds of $62,296. This was a sale (S) effected as an automatic "sell-to-cover" to satisfy tax withholding on restricted stock units that vested the same day, not a discretionary market trade.
Key Details
- Transaction date and price: 2026-07-01 — 6,677 shares at $9.33 each (total $62,296).
- Transaction type: Sale (S); open market/private sale designation on the Form 4.
- Reason/footnote: F1 — sale made to pay tax liability from RSU vesting; automatic sell-to-cover, not a discretionary trade.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Report filed on 2026-07-01 for a 2026-07-01 transaction (filed timely).
Context
Sell-to-cover transactions are a common administrative step when restricted stock units vest: a portion of shares is sold automatically to cover tax withholding. Such sales are routine and reflect tax obligations rather than an active decision to reduce a position; purchases by insiders tend to carry more informational weight for investors.
Insider Transaction Report
- Sale
Class A Common Stock
[F1]2026-07-01$9.33/sh−6,677$62,296→ 152,754 total
- 114,920(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 July 1, 2026. The sales were effected through and automatic "sell to cover" transaction that did not represent a discretionary trade by the reporting person.