AMWL director sells 9,750 shares under 10b5-1 plan

American Well Corp director Stephen J. Schlegel reported an open-market sale of 9,750 shares of Class A Common Stock at $8.764 per share.

Rhea-AI Filing Summary

American Well Corp director Stephen J. Schlegel reported an open-market sale of 9,750 shares of Class A Common Stock at $8.764 per share. The transaction occurred on June 11, 2026 and was executed under a Rule 10b5-1 trading plan.

According to the filing, the plan was adopted on February 17, 2026 and the sale was made to cover tax liabilities from the vesting and settlement of restricted stock units on June 11, 2026. After this sale, Schlegel directly holds 54,553 shares of American Well Corp Class A Common Stock.

Insights

Equity compensation and insider-trading analyst

Pre-planned, tax-driven sale of a modest portion of holdings.

The filing shows director Stephen J. Schlegel sold 9,750 shares of American Well Corp Class A Common Stock at $8.764 per share in an open-market transaction. Following the sale, he continues to hold 54,553 shares directly.

A key detail is the footnote: the transaction was executed under a pre-established Rule 10b5-1 trading plan adopted on February 17, 2026 and was undertaken to pay tax liabilities from restricted stock units vesting on June 11, 2026. This framing suggests a routine, compensation-related liquidity event rather than a discretionary shift in outlook.

Insider Trade Summary 10b5-1

Net Seller: 9,750 shares

Net Sell 1 txn

Insider Schlegel Stephen J.

Role Director

Sold 9,750 shs ($85K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	9,750	$8.764	$85K

Holdings After Transaction: Class A Common Stock — 54,553 shares (Direct)

Footnotes (1)

1. F1. The sale reported in this Form 4 was effected pursuant to the terms of a Rule 10b5-1 trading plan adopted by the reporting person on February 17, 2026, and was made in order to pay the tax liablility arising from the vesting and settlement of restricted stock units on June 11, 2026.

Key Figures

Shares sold: 9,750 shares Sale price per share: $8.764 per share Shares held after sale: 54,553 shares +1 more

4 metrics

Shares sold 9,750 shares Class A Common Stock sold on June 11, 2026

Sale price per share $8.764 per share Open-market sale of AMWL Class A Common Stock

Shares held after sale 54,553 shares Director’s direct holdings after June 11, 2026 transaction

Transaction code Code S Sale in open market or private transaction

Key Terms

Rule 10b5-1 trading plan, restricted stock units, open-market sale

3 terms

Rule 10b5-1 trading plan regulatory

"was effected pursuant to the terms of a Rule 10b5-1 trading plan adopted"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

restricted stock units financial

"tax liablility arising from the vesting and settlement of restricted stock units on June 11, 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.

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.

FAQ

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

What insider transaction did American Well Corp (AMWL) disclose in this Form 4?

American Well Corp disclosed that director Stephen J. Schlegel sold 9,750 shares of Class A Common Stock in an open-market transaction at $8.764 per share on June 11, 2026, as reported in the Form 4 filing.

Why did Stephen J. Schlegel sell AMWL shares according to the Form 4?

The Form 4 footnote states the sale was made to pay the tax liability arising from the vesting and settlement of restricted stock units on June 11, 2026, rather than as a discretionary portfolio decision.

Was the AMWL insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing explains that the sale was effected under a Rule 10b5-1 trading plan adopted by Stephen J. Schlegel on February 17, 2026, indicating the trade was pre-planned in advance of the actual sale date.

How many AMWL shares does Stephen J. Schlegel hold after this transaction?

After selling 9,750 shares, Stephen J. Schlegel directly owns 54,553 shares of American Well Corp Class A Common Stock, as reported in the post-transaction holdings column of the Form 4 filing.

What type of security did the AMWL director sell in this Form 4 filing?

The director sold Class A Common Stock of American Well Corp. The reported transaction involved 9,750 shares of this non-derivative security, executed as an open-market sale at a price of $8.764 per share.

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

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Accepted by SEC EDGAR 06/15/2026 - 05:22 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).

X

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^*

Schlegel Stephen J.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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	06/11/2026		S(1)		9,750	D	$8.764	54,553	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 sale reported in this Form 4 was effected pursuant to the terms of a Rule 10b5-1 trading plan adopted by the reporting person on February 17, 2026, and was made in order to pay the tax liablility arising from the vesting and settlement of restricted stock units on June 11, 2026.

	/s/ Anna Nesterova as attorney-in-fact for Stephen Schlegel	06/15/2026
	** 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)