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.
Positive
- None.
Negative
- None.
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)
- 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
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.
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.
