[144] American Well Corporation SEC Filing

Rhea-AI Filing Summary

Warby Parker Inc. (NYSE: WRBY) has filed a Form 144 indicating an insider’s intent to sell common shares. The notice covers the proposed sale of 50,000 shares—acquired through previously exercised stock options on 11 November 2017—via Morgan Stanley Smith Barney LLC. At the most recent reference price, the transaction is valued at approximately $1.10 million. The filer plans to execute the trade on or about 1 July 2025. Warby Parker reports 104,502,616 shares outstanding, so the sale represents roughly 0.05 % of the float. No other sales by the same party have occurred in the prior three-month period, and the filer attests to possessing no undisclosed material adverse information. Because Form 144 filings merely provide advance notice and do not guarantee execution, the actual sale may vary in timing or size.

For investors, the event is typically viewed as routine liquidity management rather than an outsized insider exit, given the limited share count and negligible dilution effect. Nonetheless, insider intentions can act as a market signal that warrants monitoring alongside other corporate developments.

Positive

• None.

Negative

• Insider intends to sell 50,000 shares, which may be viewed as a modest negative sentiment signal despite representing only 0.05 % of shares outstanding.

Insights

Financial Analyst

TL;DR: Small insider sale (0.05 % float) is neutral; watch for pattern not single event.

Materiality: The $1.1 million transaction is immaterial to Warby Parker’s $1 billion-plus market cap and does not alter capital structure. Signal value: While insider sales can occasionally foreshadow caution, the absence of additional recent sales and the modest size point to routine diversification. Liquidity impact: 50,000 shares are easily absorbed on NYSE daily volume; negligible pricing pressure expected. Regulatory context: Rule 144 requires 90-day advance notice and limits volume; compliance appears standard. Investor takeaway: Treat as neutral unless the same insider accelerates further disposals or other insiders join in, which could shift sentiment.

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	4958	42773.16	14162309	07/01/2025	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	07/01/2025	Vesting of Restricted Share Unit Grant	American Well Corporation			7033	07/01/2025	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	04/01/2025	1068	7775.36
Phyllis Gotlib c/o 75 State Street 26th Floor Boston MA 02109	Class A Common	05/01/2025	299	2155.10
Phyllis Gotlib c/o 75 State Street 26th Floor Boston MA 02109	Class A Common	06/02/2025	4782	31628.15

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

How many Warby Parker (WRBY) shares are being sold under this Form 144?

The filing covers 50,000 common shares.

What is the estimated market value of the shares to be sold?

Approximately $1.10 million based on the reference price in the filing.

When is the proposed sale date for the WRBY shares?

The filer expects to sell on or about July 1, 2025.

What percentage of Warby Parker’s outstanding shares does this sale represent?

Roughly 0.05 % of the company’s 104,502,616 shares outstanding.

Has the insider sold any other WRBY shares in the last three months?

No—nothing was reported for the preceding three-month period.

Which broker will handle the sale of the shares?

The shares will be sold through Morgan Stanley Smith Barney LLC.