American Well (AMWL) President Phyllis Gotlib Sells 3,573 Shares

What Happened
Phyllis Gotlib, President, International of American Well Corp (AMWL), reported a sale of 3,573 shares on September 1, 2026. The shares were sold at $11.80 each for proceeds of $42,161. The filing indicates this was a sell-to-cover tied to the vesting and settlement of restricted stock units (RSUs), not a discretionary market-timed sell.

Key Details

• Transaction date: 2026-09-01; Price: $11.80 per share; Shares sold: 3,573; Total proceeds: $42,161.
• Transaction type: Sale (code S). Reported as an open market or private sale but footnote clarifies it was an automatic "sell to cover" for tax withholding.
• Footnote (F1): Sales made to pay tax liability from RSU vesting and settlement on September 1, 2026; the sales were automatic and not discretionary.
• Form filed: 2026-09-03 (no late filing indicated on the Form 4).
• Beneficial ownership after transaction: Not disclosed in the filing.

Context
A sell-to-cover is a common administrative transaction where shares delivered on RSU vesting are partially sold to cover required tax withholding. Such automatic sales are routine and do not necessarily reflect the insider's view on the company's prospects. Purchases or discretionary sales generally carry more informational weight for investors.