American Well officer plans $127K tax-cover sale

The Form 144 indicates the sale is an automatic sell-to-cover of up to 10,751 shares to satisfy tax liabilities from RSU vesting, not a discretionary trade.

Rhea-AI Filing Summary

American Well Corp (AMWL) received a Form 144 notice that officer Mark Hirschhorn intends to sell up to 10,751 shares of Class A Common Stock through Morgan Stanley on or about 09/01/2026. The filing notes this is an automatic “sell to cover” transaction to satisfy tax liabilities from restricted stock unit vesting, not a discretionary trade.

Key Figures

Shares proposed to be sold: 10,751 shares of Class A Common Stock Aggregate market value of proposed sale: $126,897.28 Shares outstanding: 15,361,463 shares +5 more

8 metrics

Shares proposed to be sold 10,751 shares of Class A Common Stock Proposed Rule 144 sale by Mark Hirschhorn through Morgan Stanley

Aggregate market value of proposed sale $126,897.28 Value of 10,751 shares covered by the Form 144 notice

Shares outstanding 15,361,463 shares Class A Common Stock outstanding referenced in the Form 144

RSU vesting shares 15,889 shares Class A Common Stock related to vesting of restricted stock unit grant on 09/01/2026

Shares sold on 07/01/2026 4,299 shares Past 3 months sale by Mark Hirschhorn for $40,116.12

Proceeds from 07/01/2026 sale $40,116.12 Sale of 4,299 shares of Class A Common Stock

Shares sold on 06/01/2026 10,761 shares Past 3 months sale by Mark Hirschhorn for $104,800.30

Proceeds from 06/01/2026 sale $104,800.30 Sale of 10,761 shares of Class A Common Stock

Key Terms

Rule 144, restricted stock units, sell to cover, Class A Common Stock, +1 more

5 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

restricted stock units financial

"tax liability arising from the vesting and settlement of restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

sell to cover financial

"pursuant to an automatic "sell to cover" transaction that did not represent"

Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.

Class A Common Stock financial

"Class A Common Stock | Morgan Stanley 1 New York Plaza"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Form 144 regulatory

"144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

FAQ

What does the Form 144 filing disclose for AMWL?

The filing discloses that officer Mark Hirschhorn plans to sell up to 10,751 shares of American Well Corp Class A Common Stock under Rule 144 through Morgan Stanley, with a proposed sale date of 09/01/2026 on the NYSE.

How many AMWL shares are proposed to be sold in this Form 144?

The notice covers a proposed sale of up to 10,751 shares of American Well Corp Class A Common Stock, with an aggregate market value stated as $126,897.28.

Why is Mark Hirschhorn selling AMWL shares according to the Form 144?

The remarks state the reporting person is selling the shares in an automatic “sell to cover” transaction to pay tax liability arising from the vesting and settlement of restricted stock units, and that it did not represent a discretionary trade.

What AMWL securities activity occurred for Mark Hirschhorn in the past 3 months?

In the past 3 months, Mark Hirschhorn sold 4,299 shares of Class A Common Stock on 07/01/2026 for $40,116.12 and 10,761 shares on 06/01/2026 for $104,800.30.

What RSU-related AMWL shares are reported in the Form 144?

The securities-to-be-sold section references Class A Common Stock tied to vesting of a restricted stock unit grant on 09/01/2026, with 15,889 shares associated with this vesting event.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/01/2026 - 05:19 PM Accepted by SEC EDGAR 09/01/2026 - 05:18 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001081343
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	American Well Corporation
SEC File Number	001-39515
Address of Issuer	75 State Street Ste. 100 Boston MASSACHUSETTS 02109
Phone	617-204-3500
Name of Person for Whose Account the Securities are To Be Sold	Mark Hirschhorn
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Morgan Stanley 1 New York Plaza 38th Floor New York NY 10004	10751	126897.28	15361463	09/01/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	09/01/2026	Vesting of Restricted Stock Unit Grant	American Well Corporation			15889	09/01/2026	Vesting of Restricted Stock Unit Grant

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Mark Hirschhorn c/o American Well Corporation 75 State Street, Ste. 100 Boston MA 02109	Class A Common Stock	07/01/2026	4299	40116.12
Mark Hirschhorn c/o American Well Corporation 75 State Street, Ste. 100 Boston MA 02109	Class A Common Stock	06/01/2026	10761	104800.30

144: Remarks and Signature

Remarks	The Reporting Person is selling the securities set forth herein pursuant to an automatic "sell to cover" transaction that did not represent a discretionary trade by the Reporting Person in order to pay the tax liability arising from the vesting and settlement of restricted stock units.
Date of Notice	09/01/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Mark Hirschhorn
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)