American Well (AMWL) Rule 144 Notice — 4,959 Shares to Be Sold

Rhea-AI Filing Summary

American Well Corp (AMWL) notice of proposed securities sale under Rule 144. The filing states an intended sale of 4,959 shares of Class A common stock through Morgan Stanley on the NYSE with an aggregate market value of $30,281.64. The filer reports holding 14,162,309 shares outstanding.

The shares were acquired upon vesting of a restricted stock unit grant from American Well Corporation, showing 7,032 RSUs vested on the acquisition date. The filing also discloses two prior sales by the same account in the past three months: 4,958 shares (gross proceeds $42,773.16) and 4,781 shares (gross proceeds $32,422.35).

Positive

• Disclosure of acquisition source: The filing clearly states the shares were acquired via vesting of restricted stock units from the issuer.
• Broker and exchange identified: The sale is routed through Morgan Stanley on the NYSE, providing execution transparency.
• Recent sale history provided: The filer discloses two prior sales in the past three months with gross proceeds listed.

Negative

• Insider sale reported: The filer intends to sell 4,959 Class A shares, which may be viewed negatively by some investors despite being from vested compensation.

Insights

Securities Analyst

TL;DR: Routine insider sale from vested RSUs disclosed; amounts are small relative to total shares outstanding.

The filing documents a proposed Rule 144 sale of 4,959 Class A shares executed through Morgan Stanley on the NYSE, originating from the vesting of 7,032 restricted stock units. Two recent sales in the prior three months are reported, with gross proceeds of $42,773.16 and $32,422.35. As these shares derive from compensation vesting and the sizes are modest versus the 14,162,309 shares outstanding, this appears procedural rather than indicative of material corporate change. Disclosure is complete for a Rule 144 notice.

Corporate Governance Expert

TL;DR: Proper insider disclosure of RSU vesting and subsequent proposed sale; no governance red flags disclosed.

The filer identifies the transaction source as vesting of restricted stock units from the issuer and affirms the Rule 144 representation about material nonpublic information. The use of a broker (Morgan Stanley) and disclosure of recent sales align with standard compliance practices. The document contains the required aggregation of recent sales and the relationship to the issuer, supporting regulatory transparency. No statements in the filing suggest governance issues or undisclosed material events.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	Morgan Stanley 1 New York Plaza 38th Floor New York NY 10004	4959	30281.64	14162309	10/01/2025	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	10/01/2025	Vesting of Restricted Share Unit Grant	American Well Corporation			7032	10/01/2025	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
Phyllis Gotlib c/o 75 State Street 26th Floor Boston MA 02109	Class A Common	07/01/2025	4958	42773.16
Phyllis Gotlib c/o 75 State Street 26th Floor Boston MA 02109	Class A Common	09/02/2025	4781	32422.35

144: Remarks and Signature

Remarks

Date of Notice

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the AMWL Form 144 filing report?

The filing reports a proposed Rule 144 sale of 4,959 Class A common shares on the NYSE through Morgan Stanley with an aggregate market value of $30,281.64.

How were the shares acquired according to the filing?

The shares were acquired via the vesting of a restricted stock unit grant from American Well Corporation; 7,032 RSUs are listed as the amount acquired.

Who is the seller named in the filing?

The seller listed for prior sales is Phyllis Gotlib at the Boston address provided; two prior sales are reported in the past three months.

What were the recent sales disclosed in the filing?

Two sales in the past three months are disclosed: 4,958 shares for $42,773.16 and 4,781 shares for $32,422.35.

Does the filing state whether material nonpublic information exists?

By signing the notice, the person represents they do not know any material adverse information not publicly disclosed regarding the issuer.