American Well (AMWL) Insider Notice: 13,593 RSU Shares to Be Sold

Rhea-AI Filing Summary

Form 144 notice from American Well Corporation (AMWL) shows a proposed sale of 13,593 common shares, with an aggregate market value of $98,549.25, to be sold approximately on 08/19/2025 on the NYSE through Morgan Stanley Smith Barney LLC. The shares were acquired as restricted stock units from the issuer on 06/18/2025 and the acquisition/payment date is listed as 06/18/2025. The filer reports no securities sold during the past three months. The form includes the standard representation that the selling person is not aware of any undisclosed material adverse information and references Rule 144 and Rule 10b5-1 considerations.

Positive

• Transparent compliance: The filer submitted a Form 144 with broker details, dates, and quantities, meeting Rule 144 disclosure requirements.
• Securities were acquired as RSUs, indicating these are company-issued restricted awards rather than open-market purchases, and the filer attests to no undisclosed material information.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice of sale for recently vested RSUs; small position relative to total shares outstanding, appears compliance-focused.

The filing documents a proposed sale of 13,593 common shares acquired as restricted stock units on 06/18/2025, to be transacted via Morgan Stanley on the NYSE around 08/19/2025. The aggregate market value is $98,549.25 against 14,504,796 shares outstanding, indicating the transaction is a small fraction of total equity. No sales in the prior three months are reported. From a trading-impact perspective, the size is immaterial to market supply, and the notice follows Rule 144 disclosure practices.

Corporate Governance Expert

TL;DR: Disclosure appears procedurally correct; signer affirms no undisclosed material information and notes Rule 10b5-1 language.

The form includes customary attestation language regarding absence of undisclosed material adverse information and mentions the potential applicability of a Rule 10b5-1 trading plan. The sale involves RSUs granted by the issuer and processed through a broker, which aligns with standard executive equity monetization. The filing provides the essential dates and quantities required under Form 144, supporting transparency and regulatory compliance.

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
COMMON	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	13593	98549.25	14504796	08/19/2025	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 *
Common	06/18/2025	Restricted Stock Units	Issuer			13593	06/18/2025	N/A

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 disclose about the proposed sale?

The notice discloses a proposed sale of 13,593 common shares valued at $98,549.25, to be sold around 08/19/2025 on the NYSE through Morgan Stanley Smith Barney LLC.

How and when were the shares being sold acquired according to the filing?

The shares were acquired as Restricted Stock Units from the issuer on 06/18/2025, with the acquisition/payment date listed as 06/18/2025.

Does the filing report any other securities sold by the person in the past three months?

No. The Form 144 states "Nothing to Report" for securities sold during the past three months.

Which broker and exchange are named in the Form 144 for the transaction?

The broker is Morgan Stanley Smith Barney LLC and the exchange is listed as the NYSE.

What representation does the seller make about material information?

By signing, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.