4//SEC Filing
Schoenberg Roy 4
Accession 0001209191-22-001289
CIK 0001393584other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 9:23 PM ET
Size
10.7 KB
Accession
0001209191-22-001289
Insider Transaction Report
Form 4
Schoenberg Roy
DirectorExecutive Vice Chairman
Transactions
- Sale
Class A Common Stock
2022-01-04$5.78/sh−107,000$618,642→ 2,850,731 total - Exercise/Conversion
Restricted Stock Units
2022-01-01−238,409→ 0 total→ Class B Common Stock (238,409 underlying) - Exercise/Conversion
Class B Common Stock
2022-01-01+238,409→ 13,919,118 total→ Class A Common Stock (238,409 underlying)
Footnotes (4)
- [F1]The sale reported in this Form 4 was effected pursuant to the terms of a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2021, as amended on November 19, 2021, and was made in order to pay the tax liability arising from the vesting and settlement of restricted stock units ("RSUs") on January 1, 2022.
- [F2]Each RSU converts into Class B Common Stock on a one-for-one basis.
- [F3]Represents a grant of RSUs which vest over the period ending January 1, 2022, with 50% of the RSUs vesting on July 1, 2020 and the remaining RSUs vesting in equal quarterly installments thereafter.
- [F4]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder. In addition, each share of Class B Common Stock will be automatically converted into one share of Class A Common Stock on the first business day (i) after the date on which such shares constitute less than 5% of the aggregate number of shares of common stock then outstanding, (ii) after the date on which neither the reporting person nor Ido Schoenberg is serving as an executive officer of the issuer, or (iii) following seven years after the date that the issuer's amended and restated certificate of incorporation becomes effective (unless extended for three years by affirmative vote of the holders of a majority of then-outstanding shares of Class A Common Stock entitled to vote thereon).
Documents
Issuer
American Well Corp
CIK 0001393584
Entity typeother
Related Parties
1- filerCIK 0001824135
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 9:23 PM ET
- Size
- 10.7 KB