American Well president sells 3,573 shares for taxes

American Well’s President, International reported an automatic tax-related sale of shares while retaining substantial direct and indirect holdings.

Rhea-AI Filing Summary

American Well Corp (AMWL) reports that Phyllis Gotlib, President, International, sold 3,573 shares of Class A common stock on September 1, 2026 at $11.80 per share. According to the company’s disclosure, this automatic “sell to cover” sale was used solely to pay tax owed on vested restricted stock units and was not a discretionary trade.

After the transactions, she holds 149,181 shares directly and an additional 114,920 shares indirectly through her husband. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

Net Seller: 3,573 shares

Net Sell 2 txns

Insider Gotlib Phyllis

Role President, International

Sold 3,573 shs ($42K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1	3,573	$11.80	$42K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 149,181 shares (Direct); Class A Common Stock — 114,920 shares (Indirect, By husband)

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 September 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: 3,573 shares Sale price per share: $11.80 per share Direct holdings after transaction: 149,181 shares +2 more

5 metrics

Shares sold 3,573 shares Class A common stock sold on September 1, 2026

Sale price per share $11.80 per share Price for the 3,573 shares sold on September 1, 2026

Direct holdings after transaction 149,181 shares Class A common stock held directly by Phyllis Gotlib after sale

Indirect holdings after transaction 114,920 shares Class A common stock held indirectly through her husband after transaction

Net reported share change 3,573 shares Net decrease in shares from the reported sale

Key Terms

sell to cover, restricted stock units, indirectly through her husband

3 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.

indirectly through her husband financial

"an additional 114,920 shares indirectly through her husband"

FAQ

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

What insider transaction did AMWL disclose for Phyllis Gotlib on September 1, 2026?

American Well disclosed that Phyllis Gotlib sold 3,573 shares of Class A common stock on September 1, 2026 at $11.80 per share in an automatic sale used to pay tax on vested restricted stock units.

Was the AMWL insider sale by Phyllis Gotlib a discretionary trade?

No. The company states the shares were sold through an automatic “sell to cover” transaction to pay tax liability from restricted stock unit vesting and that this did not represent a discretionary trade by Phyllis Gotlib.

How many AMWL shares does Phyllis Gotlib hold after the reported transaction?

After the reported sale, Phyllis Gotlib holds 149,181 shares of American Well Class A common stock directly and 114,920 shares indirectly through her husband, as disclosed in the filing.

What price was received in the AMWL insider sale on September 1, 2026?

The filing states that the 3,573 shares of American Well Class A common stock were sold at $11.80 per share on September 1, 2026 in the tax-related automatic sale.

Was a Rule 10b5-1 trading plan used for the AMWL insider sale?

No. The disclosure indicates that no Rule 10b5-1 trading plan is reported for this transaction. Instead, the sale was carried out as an automatic “sell to cover” to satisfy tax obligations on vested restricted stock units.

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

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Available on EDGAR 09/03/2026 - 05:37 PM EDT Accepted by SEC EDGAR 09/03/2026 - 05:09 PM EDT 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^*

Gotlib Phyllis

(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)
	President, International

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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	09/01/2026		S(1)		3,573	D	$11.8	149,181	D
Class A Common Stock								114,920	I	By husband

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 September 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 Phyllis Gotlib	09/03/2026
	** 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)