Phyllis Gotlib, the President of American Well Corp, has reported the sale of 6,677 shares of Class A common stock. This transaction, filed on October 5, 2026, is significant as it was executed to cover tax liabilities arising from the vesting of restricted stock units on October 1, 2026.
The sale was conducted through an automatic "sell to cover" transaction, which is designed to manage tax obligations without representing a discretionary trade by the reporting person. Following this transaction, Gotlib retains ownership of 142,504 shares of Class A common stock.
Background
American Well Corp, identified by the Central Index Key (CIK) 0001393584, operates in the business services sector, specifically categorized under services-business services, NEC. The company is publicly traded and has been active in filing various reports with the SEC, including Form 4 and Form 144.
What the Filing Says
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 October 1, 2026.
Impact
This transaction may affect stakeholders within American Well Corp, including shareholders and employees, as it highlights the company's approach to managing executive compensation and tax implications. The transparency of such transactions is crucial for maintaining investor confidence in the company.
What's Next
The filing does not say what happens next.