Senvest Management Updates Amwell Stake as of Dec 31, 2023

TL;DR

**Senvest Management still owns a chunk of Amwell, signaling continued institutional interest.**

AI Summary

Senvest Management, LLC, a Delaware-organized investment firm, filed an amended SC 13G/A on February 9, 2024, indicating its ownership of American Well Corporation's Class A Common Stock as of December 31, 2023. This filing updates their previous disclosures, showing their continued significant, though passive, interest in the telehealth company. This matters to investors because it signals that a professional investment firm maintains a substantial stake in American Well, potentially indicating confidence in its long-term prospects, even if their exact share count isn't detailed in this snippet.

Why It Matters

This filing shows that a major institutional investor, Senvest Management, LLC, continues to hold a significant position in American Well Corporation, which can be a vote of confidence for current and prospective shareholders.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, indicating passive ownership and not signaling any immediate negative or positive corporate action.

Analyst Insight

Investors should note that a significant institutional holder, Senvest Management, LLC, continues to hold a position in American Well Corporation, suggesting ongoing institutional interest. While this filing doesn't detail changes in share count, it confirms their continued presence as of year-end 2023.

Key Numbers

• $0.01 — Par Value per Share (The par value of American Well Corporation's Class A Common Stock.)
• 03044L105 — CUSIP Number (Unique identifier for American Well Corporation's Class A Common Stock.)

Key Players & Entities

• Senvest Management, LLC (company) — the reporting person and institutional investor
• American Well Corporation (company) — the subject company whose stock is being reported
• Delaware (company) — place of organization for Senvest Management, LLC
• December 31, 2023 (date) — date of event requiring the filing
• $0.01 (dollar_amount) — par value per share of Class A Common Stock

Forward-Looking Statements

• Senvest Management, LLC will likely maintain a significant, passive stake in American Well Corporation for the foreseeable future. (Senvest Management, LLC) — medium confidence, target: 2025-12-31

FAQ

From the Filing

0000902664-24-001380.txt : 20240209 0000902664-24-001380.hdr.sgml : 20240209 20240209161951 ACCESSION NUMBER: 0000902664-24-001380 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: American Well Corp CENTRAL INDEX KEY: 0001393584 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-92157 FILM NUMBER: 24615283 BUSINESS ADDRESS: STREET 1: 75 STATE STREET STREET 2: 26TH FLOOR CITY: Boston STATE: MA ZIP: 02109 BUSINESS PHONE: 617-205-3500 MAIL ADDRESS: STREET 1: 75 STATE STREET STREET 2: 26TH FLOOR CITY: Boston STATE: MA ZIP: 02109 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Senvest Management, LLC CENTRAL INDEX KEY: 0001328785 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 540 MADISON AVENUE STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 514-281-8082 MAIL ADDRESS: STREET 1: 540 MADISON AVENUE STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: RIMA SENVEST MANAGEMENT, L.L.C. DATE OF NAME CHANGE: 20120127 FORMER COMPANY: FORMER CONFORMED NAME: RIMA MANAGEMENT, LLC DATE OF NAME CHANGE: 20050531 SC 13G/A 1 p24-0217sc13ga.htm AMERICAN WELL CORPORATION SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 2)* American Well Corporation (Name of Issuer) Class A Common Stock, par value $0.01 per share (Title of Class of Securities) 03044L105 (CUSIP Number) December 31, 2023 (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) ý Rule 13d-1(c) ¨ Rule 13d-1(d) (Page 1 of 7 Pages) ______________________________ *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (" Act ") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 03044L105 13G/A Page 2 of 7 Pages 1 NAME OF REPORTING PERSON Senvest Management, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (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 6 SHARED VOTING POWER 23,529,964 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 23,529,964 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,529,964 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.2% 12 TYPE OF REPORTING PERSON OO, IA CUSIP No. 03044L105 13G/A Page 3 of 7 Pages 1 NAME OF REPORTING PERSON Richard Mashaal 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨ 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Canada NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 23,529,964 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 23,529,964 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,529,964 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ 11 PERCENT OF CLASS REPRESENTED BY