Senvest discloses 5% American Well Corp (NYSE: AMWL) stake

Rhea-AI Filing Summary

Senvest Management, LLC and Richard Mashaal report a 5.0% beneficial stake in American Well Corp’s Class A Common Stock. They report beneficial ownership of 737,589 shares, based on 14,723,951 shares outstanding as of October 24, 2025, with shared voting and dispositive power over all reported shares.

The shares are held through Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP, for which Senvest Management acts as investment manager and Mashaal is the managing member. They certify the holdings are not for the purpose of changing or influencing control of American Well.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

American Well Corp

(Name of Issuer)

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

03044L204

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 03044L204

1

Names of Reporting Persons

Senvest Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 737,589.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 737,589.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

737,589.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.0 %

12

Type of Reporting Person (See Instructions)

IA, OO

Comment for Type of Reporting Person: The information set forth on this cover page reflects information as of the close of business on the date hereof. As of December 31, 2025, the Reporting Person may have been deemed to beneficially own 362,724 shares of Class A Common Stock (as defined in Item 2(a)), representing 2.5% of the Class A Common Stock outstanding as of such time.

SCHEDULE 13G

CUSIP No. 03044L204

1

Names of Reporting Persons

Richard Mashaal

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 737,589.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 737,589.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

737,589.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.0 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: The information set forth on this cover page reflects information as of the close of business on the date hereof. As of December 31, 2025, the Reporting Person may have been deemed to beneficially own 362,724 shares of Class A Common Stock, representing 2.5% of the Class A Common Stock outstanding as of such time.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: American Well Corp
(b)	Address of issuer's principal executive offices: 75 State Street, 26th Floor, Boston, MA 02109
Item 2.
(a)	Name of person filing: This statement is filed by Senvest Management, LLC and Richard Mashaal, with respect to the Class A common stock, par value $0.01 per share ("Class A Common Stock"), of American Well Corporation, a Delaware corporation (the "Company"). The reported securities are held in the account of Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP (collectively, the "Investment Vehicles"). Senvest Management, LLC may be deemed to beneficially own the securities held by the Investment Vehicles by virtue of Senvest Management, LLC's position as investment manager of the Investment Vehicles. Mr. Mashaal may be deemed to beneficially own the securities held by the Investment Vehicles by virtue of Mr. Mashaal's status as the managing member of Senvest Management, LLC. None of the foregoing should be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein.
(b)	Address or principal business office or, if none, residence: Senvest Management, LLC 540 Madison Avenue, 32nd Floor New York, New York 10022 Richard Mashaal c/o Senvest Management, LLC 540 Madison Avenue, 32nd Floor New York, New York 10022
(c)	Citizenship: Senvest Management, LLC - Delaware Richard Mashaal - Canada
(d)	Title of class of securities: Class A Common Stock, par value $0.01 per share
(e)	CUSIP No.: 03044L204
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentage set forth in this Schedule 13G as of the date hereof and as of December 31, 2025, is calculated based upon an aggregate of 14,723,951 shares of Class A Common Stock outstanding as of October 24, 2025, as reported in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the Securities and Exchange Commission on November 4, 2025.
(b)	Percent of class: 5.0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Investment Vehicles have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, the shares of Class A Common Stock.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Senvest Management, LLC

Signature:	/s/ Bobby Trahanas
Name/Title:	Bobby Trahanas, Chief Compliance Officer
Date:	02/12/2026

Richard Mashaal

Signature:	/s/ Richard Mashaal
Name/Title:	Richard Mashaal, Individually
Date:	02/12/2026

FAQ

What ownership stake in American Well Corp (AMWL) does Senvest report?

Senvest Management, LLC and Richard Mashaal report beneficial ownership of 737,589 shares of American Well Corp Class A Common Stock, representing 5.0% of the outstanding class, calculated against 14,723,951 shares outstanding as of October 24, 2025, per the company’s Form 10-Q.

How do Senvest and Richard Mashaal hold their AMWL shares?

The reported American Well Corp shares are held through Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP. Senvest Management, LLC is investment manager to these funds, and Richard Mashaal is the managing member of Senvest Management, giving them shared voting and dispositive power.

Do Senvest and Richard Mashaal control more than 5% of AMWL for others?

They report beneficial ownership of 5.0% of American Well’s Class A shares. The underlying investment vehicles have the right to receive dividends and sale proceeds from the shares, meaning the economic interest ultimately belongs to those funds and their investors rather than directly to Senvest or Mashaal.

What voting and dispositive powers do Senvest and Richard Mashaal have over AMWL stock?

Senvest Management, LLC and Richard Mashaal each report zero sole voting or dispositive power and 737,589 shares of shared voting and shared dispositive power. This reflects their roles overseeing the investment vehicles that directly hold American Well Corp Class A shares.

Are Senvest and Richard Mashaal seeking to influence control of American Well Corp (AMWL)?

They certify the securities were not acquired and are not held for the purpose or effect of changing or influencing control of American Well Corp. The holdings are reported under a passive ownership certification typical for Schedule 13G filers.