Gotlib Phyllis 4

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.