American Well (AMWL) CFO sells shares in automatic tax-related trade

Rhea-AI Filing Summary

American Well Corp Chief Financial Officer Mark Hirschhorn reported a tax-related sale of 4,299 shares of Class A Common Stock. The shares were sold in an open-market transaction at $9.33 per share.

According to the disclosure, the sale was an automatic “sell to cover” transaction to pay tax liabilities from the vesting and settlement of restricted stock units on July 1, 2026, and did not represent a discretionary trade. After the sale, Hirschhorn directly owned 238,939 shares, indicating he retained the vast majority of his holdings.

Insider Trade Summary

Net Seller: 4,299 shares ($40,110)

Net Sell 1 txn

Insider HIRSCHHORN MARK

Role Chief Financial Officer

Sold 4,299 shs ($40K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	4,299	$9.33	$40K

Holdings After Transaction: Class A Common Stock — 238,939 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 4,299 shares Sale price per share: $9.33 per share Shares owned after sale: 238,939 shares

3 metrics

Shares sold 4,299 shares Open-market sale on July 1, 2026

Sale price per share $9.33 per share Class A Common Stock transaction

Shares owned after sale 238,939 shares Direct holdings following transaction

Key Terms

restricted stock units, sell to cover, open-market sale

3 terms

restricted stock units financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 05:21 PM Accepted by SEC EDGAR 07/01/2026 - 05:20 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^*

HIRSCHHORN MARK

(Last) (First) (Middle)

C/O AMERICAN WELL CORPORATION

75 STATE ST, 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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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	07/01/2026		S(1)		4,299	D	$9.33	238,939	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 July 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 Mark Hirschhorn	07/01/2026
	** 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)

FAQ

What insider transaction did American Well Corp (AMWL) report?

American Well Corp reported that CFO Mark Hirschhorn sold 4,299 shares of Class A Common Stock at $9.33 per share. The transaction was an automatic sale to cover taxes from restricted stock unit vesting on July 1, 2026.

Why did the AMWL CFO sell 4,299 shares of stock?

The CFO’s 4,299-share sale was conducted to pay tax liabilities arising from the vesting and settlement of restricted stock units on July 1, 2026. The company states it was an automatic “sell to cover” transaction rather than a discretionary trade.

Was the American Well (AMWL) CFO’s stock sale discretionary?

The sale was not discretionary. The filing specifies the shares were sold through an automatic “sell to cover” transaction intended solely to satisfy tax obligations from restricted stock unit vesting, meaning the timing and sale were mechanically triggered, not a voluntary market-timing decision.

How many AMWL shares does the CFO hold after this transaction?

After selling 4,299 shares, CFO Mark Hirschhorn directly owned 238,939 shares of American Well Class A Common Stock. This indicates the transaction involved only a small portion of his overall holdings, which remained substantial following the tax-related sale.

What price did the AMWL CFO receive per share in the sale?

The CFO’s automatic tax-related sale executed at $9.33 per share for the 4,299 Class A Common Stock shares. This per-share price comes directly from the reported transaction details and reflects the open-market execution price on the transaction date.