American Well exec sells 3,706 shares for taxes
American Well Corp executive Phyllis Gotlib, President, International, reported an automatic sale of 3,706 shares of Class A Common Stock on April 1, 2026 at $5.30 per share.
Rhea-AI Filing Summary
American Well Corp executive Phyllis Gotlib, President, International, reported an automatic sale of 3,706 shares of Class A Common Stock on April 1, 2026 at $5.30 per share. The sale was a non-discretionary “sell to cover” to pay taxes on vested restricted stock units.
After this transaction, Gotlib holds 163,004 shares directly and 114,250 shares indirectly through her husband, indicating the sale was small relative to her overall position and primarily for tax obligations rather than portfolio rebalancing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,706 shares
Net Sell
2 txns
Insider
Gotlib Phyllis
Role
President, International
Sold
3,706 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,706 | $5.30 | $20K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 163,004 shares (Direct);
Class A Common Stock — 114,250 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 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: 3,706 shares
Sale price per share: $5.30/share
Direct holdings after sale: 163,004 shares
+2 more
5 metrics
Shares sold
3,706 shares
Class A Common Stock sold on April 1, 2026
Sale price per share
$5.30/share
Open-market sale to cover tax liability
Direct holdings after sale
163,004 shares
Class A Common Stock held directly after transaction
Indirect holdings after sale
114,250 shares
Class A Common Stock held indirectly by husband
Net share change
-3,706 shares
Net sell direction from reported transactions
Key Terms
sell to cover, restricted stock units, open-market sale, indirect ownership
4 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
"tax liability arising from the vesting and settlement of restricted stock units"
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.
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.
indirect ownership financial
""ownership_type": "indirect", "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 selling 3,706 shares of American Well Class A Common Stock at $5.30 per share. The sale occurred on April 1, 2026 and was linked to tax obligations from restricted stock unit vesting, not a discretionary portfolio decision.
Is the AMWL insider sale by Phyllis Gotlib a bearish signal?
This filing indicates a tax-driven, automatic “sell to cover” of 3,706 shares, not a discretionary open-market reduction. Because the sale is small relative to Gotlib’s combined direct and indirect holdings, it generally reads as routine rather than a strong bearish signal.
AI-generated analysis. How Rhea-AI works. Not financial advice.
