AMWL accounting chief sells shares to cover taxes

American Well Corp Chief Accounting Officer Paul Francis McNeice reported an open-market sale of 112 shares of Class A Common Stock at $9.74 per share on June 1, 2026.

Rhea-AI Filing Summary

American Well Corp Chief Accounting Officer Paul Francis McNeice reported an open-market sale of 112 shares of Class A Common Stock at $9.74 per share on June 1, 2026. According to the footnote, this automatic “sell to cover” trade was executed solely to pay taxes arising from the vesting and settlement of restricted stock units on that date and did not represent a discretionary trade. Following the sale, McNeice directly holds 10,504 shares of Class A Common Stock.

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	112	$9.74	$1K

Holdings After Transaction: Class A Common Stock — 10,504 shares (Direct)

Footnotes (1)

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 June 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: $9.74 per share Shares held after transaction: 10,504 shares +2 more

5 metrics

Shares sold 112 shares Open-market sale on June 1, 2026

Sale price per share $9.74 per share Class A Common Stock sale on June 1, 2026

Shares held after transaction 10,504 shares Direct holdings following June 1, 2026 sale

Transaction type Open-market sale, sell to cover Used to pay tax liability from RSU vesting

Reporting person role Chief Accounting Officer Executive position at American Well Corp

Key Terms

Class A Common Stock, restricted stock units, sell to cover, open-market sale, +1 more

5 terms

Class A Common Stock financial

"reported an open-market sale of 112 shares of Class A Common Stock at $9.74 per share"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

restricted stock units financial

"tax liability arising from the vesting and settlement of restricted stock units on June 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

"automatic “sell to cover” transaction that did not represent a discretionary trade"

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

"reported an open-market sale of 112 shares of Class A Common Stock"

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 and settlement of restricted stock units"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did American Well Corp (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. The sale occurred on June 1, 2026, and was disclosed as an open-market transaction at $9.74 per share to cover tax obligations from RSU vesting.

Why did AMWL executive Paul Francis McNeice sell 112 shares on June 1, 2026?

The 112-share sale was made to pay tax liabilities from the vesting and settlement of restricted stock units on June 1, 2026. The filing states it was an automatic “sell to cover” transaction and did not represent a discretionary trade by Paul Francis McNeice.

How many American Well Corp (AMWL) shares does Paul Francis McNeice hold after this Form 4?

After the reported transaction, Paul Francis McNeice directly holds 10,504 shares of American Well Corp Class A Common Stock. This figure reflects his position following the 112-share sale executed on June 1, 2026 to cover associated tax liabilities.

Was the AMWL insider sale by Paul Francis McNeice a discretionary trade?

No. The Form 4 footnote explains the sale was an automatic “sell to cover” transaction. It was executed solely to satisfy tax obligations from restricted stock units vesting on June 1, 2026, rather than a discretionary decision to sell shares in the open market.

What price did AMWL’s Paul Francis McNeice receive per share in the June 1, 2026 sale?

Paul Francis McNeice sold 112 shares of American Well Corp Class A Common Stock at $9.74 per share. The transaction is characterized as an open-market sale used to cover tax liabilities related to the vesting and settlement of restricted stock units on that same date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/03/2026 - 04:57 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McNeice Paul Francis

(Last) (First) (Middle)

C/O AMERICAN WELL CORPORATION

75 STATE STREET, STE. 100

(Street)

BOSTON MASSACHUSETTS 02109

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
American Well Corp [ AMWL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/01/2026		S(1)		112	D	$9.74	10,504	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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 June 1, 2026. The sales were effected through and automatic "sell to cover" transaction that did not represent a discretionary trade by the reporting person.

	/s/ Anna Nesterova as attorney-in-fact for Paul McNeice	06/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)