HIRSCHHORN MARK 4
4 · American Well Corp · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
American Well (AMWL) CFO Mark Hirschhorn Sells 4,299 Shares
What Happened
Mark Hirschhorn, CFO of American Well Corp (AMWL), sold 4,299 shares on July 1, 2026 in an open-market/automatic transaction at $9.33 per share, generating proceeds of $40,110. The sale was a disposition tied to tax withholding for vested restricted stock units and was not a discretionary trade.
Key Details
- Transaction date and price: July 1, 2026 — 4,299 shares sold at $9.33 per share.
- Total proceeds: $40,110.
- Transaction type/code: Sale (S); footnote indicates tax-related sell-to-cover (F1).
- Reason noted: To pay tax liability from RSU vesting; executed automatically ("sell to cover") and not a discretionary trade.
- Shares owned after transaction: Not specified in the provided filing excerpt — see the full Form 4 for post-transaction holdings.
- Filing timeliness: Report filed same day (Form 4 filed 2026-07-01 for a 2026-07-01 transaction), indicating a timely report.
Context
Sell-to-cover transactions are routine when restricted stock units vest — a portion of shares is sold automatically to cover withholding taxes. Such sales generally reflect tax obligations rather than a deliberate decision to reduce an insider’s economic exposure to the company.
Insider Transaction Report
Form 4
HIRSCHHORN MARK
Chief Financial Officer
Transactions
- Sale
Class A Common Stock
[F1]2026-07-01$9.33/sh−4,299$40,110→ 238,939 total
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.
Signature
/s/ Anna Nesterova as attorney-in-fact for Mark Hirschhorn|2026-07-01