Filing Details

Accession Number:
0001209191-22-001289
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-01-04 21:23:32
Reporting Period:
2022-01-01
Accepted Time:
2022-01-04 21:23:32
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1393584 American Well Corp AMWL Services-Business Services, Nec (7389) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1824135 Roy Schoenberg C/O American Well Corporation
75 State Street, 26Th Floor
Boston MA 02109
President, Co-Ceo Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2022-01-04 107,000 $5.78 2,850,731 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class B Common Stock Restricted Stock Units Disposition 2022-01-01 238,409 $0.00 238,409 $0.00
Class A Common Stock Class B Common Stock Acquisiton 2022-01-01 238,409 $0.00 238,409 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
13,919,118 No 4 M Direct
Footnotes
  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 September 4, 2021, as amended on November 19, 2021, and was made in order to pay the tax liability arising from the vesting and settlement of restricted stock units ("RSUs") on January 1, 2022.
  2. Each RSU converts into Class B Common Stock on a one-for-one basis.
  3. Represents a grant of RSUs which vest over the period ending January 1, 2022, with 50% of the RSUs vesting on July 1, 2020 and the remaining RSUs vesting in equal quarterly installments thereafter.
  4. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder. In addition, each share of Class B Common Stock will be automatically converted into one share of Class A Common Stock on the first business day (i) after the date on which such shares constitute less than 5% of the aggregate number of shares of common stock then outstanding, (ii) after the date on which neither the reporting person nor Ido Schoenberg is serving as an executive officer of the issuer, or (iii) following seven years after the date that the issuer's amended and restated certificate of incorporation becomes effective (unless extended for three years by affirmative vote of the holders of a majority of then-outstanding shares of Class A Common Stock entitled to vote thereon).