American Well exec sells shares to cover taxes
American Well Corp President, International Phyllis Gotlib reported an automatic sale of Class A Common Stock to cover taxes from vested restricted stock units.
Rhea-AI Filing Summary
American Well Corp President, International Phyllis Gotlib reported an automatic sale of Class A Common Stock to cover taxes from vested restricted stock units. On July 1, 2026, 6,677 shares were sold in the open market at $9.33 per share through a non-discretionary “sell to cover” transaction.
After this sale, Gotlib directly holds 152,754 Class A shares. In addition, 114,920 Class A shares are reported as indirectly owned through her husband. The filing reflects a tax-related transaction rather than a discretionary change in investment exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,677 shares
Net Sell
2 txns
Insider
Gotlib Phyllis
Role
President, International
Sold
6,677 shs ($62K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 6,677 | $9.33 | $62K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 152,754 shares (Direct);
Class A Common Stock — 114,920 shares (Indirect, By husband)
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 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.
Key Figures
Shares sold: 6,677 shares
Sale price: $9.33 per share
Direct holdings after sale: 152,754 shares
+3 more
6 metrics
Shares sold
6,677 shares
Open-market sale on July 1, 2026
Sale price
$9.33 per share
Class A Common Stock on July 1, 2026
Direct holdings after sale
152,754 shares
Class A Common Stock held directly by Phyllis Gotlib
Indirect holdings via husband
114,920 shares
Class A Common Stock reported as owned by husband
Net shares sold
6,677 shares
Net buy/sell direction reported as net-sell
Transaction date
July 1, 2026
Vesting and tax-related sale of RSU shares
Key Terms
restricted stock units, sell to cover, Class A Common Stock, indirect ownership
4 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.
Class A Common Stock financial
"security_title": "Class A Common Stock""
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.
indirect ownership financial
""direct_or_indirect": "I", "nature_of_ownership": "By husband""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AMWL executive Phyllis Gotlib report?
Phyllis Gotlib reported an automatic sale of 6,677 American Well Class A shares at $9.33 per share. The sale was executed to cover tax liabilities from restricted stock unit vesting on July 1, 2026, rather than as a discretionary portfolio decision.
Why did the AMWL insider sale on July 1, 2026 occur?
The American Well insider sale occurred to pay tax liabilities from the vesting and settlement of restricted stock units on July 1, 2026. Shares were sold via an automatic “sell to cover” mechanism, meaning the transaction was not a discretionary trade by Phyllis Gotlib.
Was the AMWL insider transaction by Phyllis Gotlib discretionary?
The transaction was not discretionary. The filing states the sales were executed through an automatic “sell to cover” process to satisfy tax liabilities from restricted stock unit vesting, indicating the timing and amount were driven by tax obligations rather than active trading decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
