American Well (AMWL) Files Rule 144 Notice for 4,781 RSU Shares

Rhea-AI Filing Summary

American Well Corporation (AMWL) Form 144 notifies the market of a proposed sale under Rule 144 of 4,781 Class A common shares with an aggregate market value of $32,422.35, expected to occur on 09/02/2025 on the NYSE. The shares were acquired through the vesting of restricted stock units on 09/01/2025. The filing lists total outstanding Class A shares of 14,162,309 and shows prior sales by the same person on 06/02/2025 (4,782 shares, $31,628.15) and 07/01/2025 (4,958 shares, $42,773.16).

Positive

• Clear disclosure of the proposed sale under Rule 144, including dates, amounts, and broker information
• Securities originated from RSU vesting, indicating a compensation-related transaction rather than corporate fundraising
• Seller attests there is no undisclosed material adverse information, aligning with compliance expectations

Negative

• Insider sales over recent months (06/02/2025 and 07/01/2025) may attract investor attention despite small sizes
• Aggregate proceeds are small but repeated dispositions could be viewed negatively by some market participants

Insights

Financial Analyst

TL;DR: Small insider sale from RSU vesting; not materially dilutive given the outstanding share count.

The proposed sale of 4,781 shares valued at $32,422.35 represents a de minimis fraction of the reported 14,162,309 outstanding Class A shares (approximately 0.034%). The shares originate from RSU vesting, indicating compensation-related disposition rather than a cash-raising event by the company. Recent near-monthly sales by the same person are documented, but aggregate proceeds remain modest. For investors, this filing signals routine insider liquidity rather than a materially adverse corporate development.

Corporate Governance Expert

TL;DR: Filing shows compliance with Rule 144 and required insider attestation; pattern of small sales is disclosed.

The Form 144 includes the seller's representation regarding absence of undisclosed material adverse information and lists the transaction as RSU vesting followed by planned sale. The notice aligns with Rule 144 disclosure obligations and provides dates and historical sales. While recurring small disposals by an insider may attract interest, the filing demonstrates transparent compliance with securities law and company reporting practices.

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 MA 10004	4781	32422.35	14162309	09/02/2025	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	09/01/2025	Vesting of Restricted Share Unit Grant	American Well Corporation			6787	09/02/2025	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	06/02/2025	4782	31628.15
Phyllis Gotlib c/o 75 State Street 26th Floor Boston MA 02109	Class A Common	07/01/2025	4958	42773.16

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 filed on 09/02/2025 disclose?

The filing notifies a proposed sale of 4,781 Class A shares valued at $32,422.35, acquired via RSU vesting, with an expected sale date of 09/02/2025 on the NYSE.

Who is selling the shares in the AMWL Form 144?

The filing identifies the seller as the person for whose account the securities are to be sold; past sales listed name Phyllis Gotlib for earlier transactions in June and July 2025.

How many Class A shares does AMWL report outstanding in this filing?

The filing shows 14,162,309 Class A shares outstanding.

Were the shares sold acquired by purchase or other means?

The shares were acquired through the vesting of restricted stock unit grants on 09/01/2025.

Does the Form 144 indicate any undisclosed adverse information about AMWL?

By signing, the person represents they do not know any material adverse information not publicly disclosed; no other adverse information is provided in the filing.