Phyllis Gotlib, who serves as President, International for American Well Corp (NASDAQ: AMWL), sold 3,573 shares of the company's Class A common stock on March 2, 2026. The shares were disposed of at a price of $5.24 each, producing proceeds of $18,722.
At the time of the transaction, AMWL shares were trading at $5.15. Over the trailing 12 months the stock has fallen 41%, although it has shown a degree of momentum in the more recent three-month window.
Following the sale, Gotlib retains direct ownership of 116,297 shares of American Well Corp. Company filings indicate the disposition was executed through an automatic "sell to cover" arrangement designed to meet the tax liability associated with the vesting and settlement of restricted stock units (RSUs) that occurred on March 1, 2026.
Information cited in filings and related summaries notes that, despite ongoing profitability challenges, the company’s balance sheet shows more cash than debt. That observation is paired with a specific figure: Amwell closed the year with $182 million in cash and reported no debt on the books.
On the revenue side, Amwell disclosed a marked downturn in its fourth quarter of 2025 results. Revenue for Q4 2025 declined 22.1% compared with the same quarter a year earlier. Management commentary and market summaries have pointed to efforts around technology and AI integration as elements that may have contributed to recent investor interest, even as the company navigates a difficult operating year.
These items - the insider sale to meet RSU-related taxes, the stock’s recent price action, the year-over-year revenue drop, and the year-end cash and debt position - form the latest public details on Amwell’s financial condition and strategic trajectory.