American Well CAO sells 112 shares for taxes
American Well Corp’s chief accounting officer completed a small automatic share sale to cover taxes from restricted stock unit vesting.
Rhea-AI Filing Summary
American Well Corp (AMWL) discloses that Chief Accounting Officer Paul Francis McNeice sold 112 shares of Class A Common Stock on September 1, 2026 at $11.80 per share. According to the company’s disclosure, the automatic “sell to cover” sale was made solely to pay tax liability from vested restricted stock units, and McNeice now holds 9,739 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 112 shares
Net Sell
1 txn
Insider
McNeice Paul Francis
Role
Chief Accounting Officer
Sold
112 shs ($1K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 112 | $11.80 | $1K |
Holdings After Transaction:
Class A Common Stock — 9,739 shares (Direct)
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 September 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: 112 shares
Sale price per share: $11.80 per share
Shares owned after transaction: 9,739 shares
+1 more
4 metrics
Shares sold
112 shares
Class A Common Stock sold by the chief accounting officer on September 1, 2026
Sale price per share
$11.80 per share
Price for the 112 shares of Class A Common Stock sold
Shares owned after transaction
9,739 shares
Direct holdings of the chief accounting officer following the sale
Transaction date
September 1, 2026
Date of the automatic “sell to cover” share sale
Key Terms
sell to cover, restricted stock units, tax liability
3 terms
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.
restricted stock units financial
"arising from the vesting and settlement of restricted stock units on September 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.
tax liability financial
"made in order to pay the tax liability arising from the vesting"
FAQ
What insider transaction did AMWL report for Paul Francis McNeice?
American Well Corp reported that Chief Accounting Officer Paul Francis McNeice sold 112 shares of Class A Common Stock on September 1, 2026 at $11.80 per share, leaving him with 9,739 shares held directly after the transaction.
Was the AMWL insider’s sale a discretionary trade or automatic?
American Well Corp discloses that the sale was effected through an automatic “sell to cover” transaction and did not represent a discretionary trade by Chief Accounting Officer Paul Francis McNeice.
Was the AMWL insider sale reported under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not checked, and the company describes the transaction only as an automatic “sell to cover” sale to satisfy tax liability, without identifying a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
