Amwell CAO sells shares to cover RSU taxes
American Well Corp Chief Accounting Officer Paul Francis McNeice reported a small, non-discretionary stock sale.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
American Well Corp Chief Accounting Officer Paul Francis McNeice reported a small, non-discretionary stock sale. On April 1, 2026, he sold 383 shares of Class A Common Stock at $5.30 per share to cover tax liabilities from vesting restricted stock units. After this sell-to-cover transaction, he directly holds 10,616 shares of American Well Corp.
Insider Trade Summary
Net Seller: 383 shares
Net Sell
1 txn
Insider
McNeice Paul Francis
Role
Chief Accounting Officer
Sold
383 shs ($2K)
Share of Position Sold
3.5%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 383 | $5.30 | $2K |
Holdings After Transaction:
Class A Common Stock — 10,616 shares (Direct)
Holdings Before and After:
Class A Common Stock, 10,999 to 10,616 shares (Direct)
Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (1)
- F1. The sales reported in this Form 4 were made in order to pay the tax liability arising from the vesting and settlement of restricted stock units on April 1, 2026. The sales were effected through and automatic "sell to cover" transaction that did not represent a discretionary trade by the reporting person.
Key Figures
Shares sold: 383 shares
Sale price: $5.30 per share
Shares held after: 10,616 shares
+1 more
4 metrics
Shares sold
383 shares
Class A Common Stock sale on April 1, 2026
Sale price
$5.30 per share
Price for 383 shares sold to cover taxes
Shares held after
10,616 shares
Direct holdings after April 1, 2026 transaction
Net shares sold
383 shares
Net-sell direction in transaction summary
Key Terms
restricted stock units, sell to cover, open-market sale, tax liability
4 terms
restricted stock units financial
"tax liability arising from the vesting and settlement of restricted stock units on April 1, 2026"
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
"The sales were effected through and automatic "sell to cover" transaction"
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
tax liability financial
"made in order to pay the tax liability arising from the vesting"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did American Well (AMWL) report for Paul McNeice?
American Well reported that Chief Accounting Officer Paul Francis McNeice sold 383 shares of Class A Common Stock at $5.30 per share. The sale occurred on April 1, 2026 and was linked to vesting restricted stock units rather than a discretionary open-market trade.
Was the American Well (AMWL) insider sale a discretionary trade?
No. The filing states the sales were effected through an automatic “sell to cover” transaction to satisfy tax liabilities from RSU vesting. It explicitly notes the transaction did not represent a discretionary trade by Paul Francis McNeice in the open market.
What price was received in the American Well (AMWL) insider sale?
The reported transaction shows 383 shares of American Well Corp Class A Common Stock sold at $5.30 per share on April 1, 2026. This price applies to the shares sold to cover the tax liability from the vesting restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
