HIRSCHHORN MARK 4

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.