Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information
Our Class A common stock is listed on the NYSE under the symbol “AMWL” and began trading on September 17, 2020.
Holders
On February 15, 2022, there were 200 stockholders of record of our Class A common stock, two stockholders of record of our Class B common stock and one stockholder of record of our Class C common stock. The actual number of holders of our Class A common stock is greater than the number of record holders, and includes stockholders who are beneficial owners, but whose shares are held in street name by brokers or other nominees. The number of holders of record present here also do not include stockholders whose shares may be held in trust by other entities.
Dividends
We have never declared or paid any cash dividends on our capital stock, and we do not anticipate paying cash dividends on our capital stock in the foreseeable future.
Securities Authorized for Issuance under Equity Compensation Plans
The information required hereunder will be included in our Definitive Proxy Statement to be filed with the SEC with respect to our 2022 Annual Meeting of Stockholders and is incorporated herein by reference.
Recent Sales of Unregistered Securities
There were no sales of unregistered equity securities during the quarter ended December 31, 2021.
Purchase of Equity Securities
The following table provides information about the Company’s purchases of its common stock for each month during the fourth quarter of the fiscal year covered by this report:
Period
(a) Total number
of shares (or
units) purchased*
(b) Average price
paid per share (or
unit)*
(c) Total number
of shares (or
units) purchased
as part of
publicly
announced plans
or programs
(d) Maximum
number (or
approximate
dollar value) of
shares (or units)
that may yet be
purchased under
the plans or
programs
October 1 to October 31
—
$
—
—
—
November 1 to November 30
116,629
$
9.00
—
—
December 1 to December 31
—
$
—
—
—
Total
116,629
$
9.00
—
—
*
Shares withheld to cover tax withholding obligations under the net settlement provision upon vesting of restricted stock units
55
Performance Graph
The following performance graph shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of American Well Corporation under the Securities Act or the Exchange Act.
The following graph compares the cumulative total stockholder return on our Class A common stock with the comparable cumulative return of the Russell 2000 composite index and S&P 500 Health Care Services index. The graph assumes that $100 was invested in our Class A common stock and in each index on September 17, 2020, the date our Class A common stock began trading on the NYSE. The comparisons are based on historical data and are not indicative of, nor intended to forecast, the future performance of our Class A common stock.
Fiscal year ended December 31
Item 6. Reserved
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