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Phyllis Gotlib, President of International at American Well Corp (NYSE:AMWL), has sold 299 shares of Class A common stock. The shares were sold at an average price of $10.5063, amounting to a total transaction value of $3,141. The company, with a market capitalization of $168 million, has shown strong momentum with its stock trading at $11.03, up over 50% year-to-date. According to InvestingPro data, AMWL maintains a healthy balance sheet with more cash than debt. Following this transaction, Gotlib holds 108,611 shares directly. Additionally, 64,250 shares are held indirectly by her husband.
The sales were conducted as part of an automatic "sell to cover" transaction to address tax liabilities arising from the vesting and settlement of restricted stock units on February 3, 2025. This transaction was not a discretionary trade by Gotlib.
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