4//SEC Filing
Schoenberg Roy 4
Accession 0001209191-23-029956
CIK 0001393584other
Filed
May 15, 8:00 PM ET
Accepted
May 16, 6:55 PM ET
Size
9.4 KB
Accession
0001209191-23-029956
Insider Transaction Report
Form 4
Schoenberg Roy
DirectorExecutive Vice Chairman
Transactions
- Sale
Class A Common Stock
2023-05-15$2.04/sh−233,427$477,312→ 2,426,926 total - Exercise/Conversion
Performance Share Units
2023-05-15−500,000→ 500,000 total→ Class A Common Stock (500,000 underlying) - Exercise/Conversion
Class A Common Stock
2023-05-15+500,000→ 2,660,353 total
Footnotes (2)
- [F1]Each Performance Share Unit represents a contingent right to receive one share of Class A Common Stock of the Issuer. On May 16, 2022, the reporting person received a grant of 1,000,000 target Performance Share Units which are eligible to vest over a three-year performance period ending May 15, 2025, and may be earned between 0%-750% of target levels, based upon the Issuer's achievement of specified market capitalization performance thresholds, subject to the reporting person's continued employment through each applicable vesting date. On May 15, 2023, 500,000 shares underlying the Performance Share Units became earned and vested.
- [F2]The sales reported in this Form 4 were made in order to pay the tax liability arising from the vesting and settlement of performance share units on May 15, 2023. The sales were effected through an automatic "sell to cover" transaction that did not represent a discretionary trade by the reporting person.
Documents
Issuer
American Well Corp
CIK 0001393584
Entity typeother
Related Parties
1- filerCIK 0001824135
Filing Metadata
- Form type
- 4
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 6:55 PM ET
- Size
- 9.4 KB