American Well (AMWL) accounting chief sells shares to cover RSU taxes

Rhea-AI Filing Summary

American Well Corp Chief Accounting Officer Paul Francis McNeice reported an open-market sale of 653 shares of Class A common stock at $9.33 per share on July 1, 2026. According to the footnote, this automatic “sell to cover” trade was made solely to pay taxes on vested restricted stock units and was not a discretionary transaction. After the sale, he directly held 9,851 shares.

Insider Trade Summary

Net Seller: 653 shares ($6,092)

Net Sell 1 txn

Insider McNeice Paul Francis

Role Chief Accounting Officer

Sold 653 shs ($6K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	653	$9.33	$6K

Holdings After Transaction: Class A Common Stock — 9,851 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 653 shares Sale price: $9.33 per share Shares held after sale: 9,851 shares +2 more

5 metrics

Shares sold 653 shares Open-market sale on July 1, 2026

Sale price $9.33 per share Class A Common Stock sale

Shares held after sale 9,851 shares Direct ownership following transaction

Net shares sold 653 shares Net-sell direction in transaction summary

Transaction purpose Tax liability payment Sell-to-cover for RSU vesting on July 1, 2026

Key Terms

restricted stock units, sell to cover, open-market sale, Form 4

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

"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

"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.

Form 4 regulatory

"The sales reported in this Form 4 were made in order to pay the tax liability"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 05:24 PM Accepted by SEC EDGAR 07/01/2026 - 05:23 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)
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)		653	D	$9.33	9,851	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 Paul McNeice	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 AMWL’s Paul Francis McNeice report?

Paul Francis McNeice reported selling 653 shares of American Well Class A common stock. The shares were sold in an automatic “sell to cover” transaction to pay taxes on restricted stock units that vested and settled on July 1, 2026.

At what price did the AMWL shares sell in this Form 4 filing?

The 653 American Well shares sold at an average price of $9.33 per share. This open-market sale was executed automatically to cover the tax liability arising from the vesting and settlement of restricted stock units on July 1, 2026.

Why did AMWL’s Chief Accounting Officer sell shares on July 1, 2026?

The sale was made to pay the tax liability from vesting restricted stock units. The filing states it was an automatic “sell to cover” transaction related to the RSU settlement, rather than a discretionary trade based on personal views of American Well’s stock.

How many AMWL shares does Paul Francis McNeice hold after this sale?

Following the 653-share sale, Paul Francis McNeice directly holds 9,851 shares of American Well Class A common stock. This post-transaction holding reflects his remaining equity position after covering the tax liability tied to his vested restricted stock units.

Was the AMWL insider sale a discretionary trade or tax-related?

The transaction was tax-related, not discretionary. The footnote explains the sale was an automatic “sell to cover” to pay taxes on restricted stock units that vested and settled on July 1, 2026, rather than a voluntary open-market trade by the insider.