Ido Schoenberg Holds 11.0% Stake in American Well Corp

TL;DR

**Insider Ido Schoenberg still owns 11.0% of AMWL, showing strong conviction.**

AI Summary

Ido Schoenberg, a key figure at American Well Corp (AMWL), has updated his beneficial ownership of the company's Class A Common Stock. As of December 31, 2023, Schoenberg beneficially owns 16,551,623 shares, representing 11.0% of the outstanding shares. This filing, an amendment to a previous SC 13G, indicates a significant, albeit slightly reduced, stake, which is important for investors as it shows continued substantial insider ownership in the telehealth company.

Why It Matters

This filing confirms a significant insider stake, which can signal confidence in the company's future, but also highlights a slight reduction in percentage ownership from previous filings, which investors should note.

Risk Assessment

Risk Level: low — The filing indicates stable, significant insider ownership, which generally reduces investment risk by aligning management's interests with shareholders.

Analyst Insight

Investors should view this as a confirmation of continued insider alignment, but also consider the slight percentage reduction in context of overall company performance and other insider activity.

Key Numbers

• 16,551,623 — Shares Beneficially Owned (Represents the total Class A Common Stock shares Ido Schoenberg holds in American Well Corp.)
• 11.0% — Percentage of Class A Common Stock (Indicates the proportion of the company's outstanding shares owned by Ido Schoenberg.)

Key Players & Entities

• Ido Schoenberg (person) — Reporting Person, beneficial owner of American Well Corp shares
• American Well Corp (company) — Subject Company, issuer of the Class A Common Stock
• 16,551,623 (dollar_amount) — Number of shares beneficially owned by Ido Schoenberg
• 11.0% (dollar_amount) — Percentage of Class A Common Stock beneficially owned by Ido Schoenberg
• December 31, 2023 (dollar_amount) — Date of event requiring the filing

Forward-Looking Statements

• Ido Schoenberg will maintain a significant, though potentially fluctuating, ownership stake in American Well Corp over the next year. (Ido Schoenberg) — medium confidence, target: 2025-02-12

FAQ

From the Filing

0000950103-24-002065.txt : 20240212 0000950103-24-002065.hdr.sgml : 20240212 20240212164013 ACCESSION NUMBER: 0000950103-24-002065 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 GROUP MEMBERS: ROY SCHOENBERG 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: 24620667 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: Schoenberg Ido CENTRAL INDEX KEY: 0001824129 ORGANIZATION NAME: FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: AMERICAN WELL CORPORATION STREET 2: 75 STATE STREET, 26TH FLOOR CITY: BOSTON STATE: MA ZIP: 02109 SC 13G/A 1 dp206629_sc13ga-3.htm FORM SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* American Well Corporation (Name of Issuer) Class A Common Stock, par value $0.01 par value 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) ☐	 Rule 13d-1(c) ☒	 Rule 13d-1(d) * 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 disclosures provided in a prior cover page. The information required on 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 SCHEDULE 13G 1 NAME OF REPORTING PERSON OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ido Schoenberg 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) ☒ ☐ 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Israel NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER NONE 6 SHARED VOTING POWER 16,551,623(1) 7 SOLE DISPOSITIVE POWER 16,551,623 8 SHARED DISPOSITIVE POWER NONE 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,551,623(1) 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1%(2)(3) 12 TYPE OF REPORTING PERSON IN (1) Consists of (i) 1,295,149 shares of Class A Common Stock, (ii) 20,311 shares of Class A Common Stock to be issued pursuant to vesting of restricted stock units within 60 days of December 31, 2023, (iii) 13,471,279 shares of Class B Common Stock and (iv) 1,764,884 shares of Class B Common Stock underlying options that are currently exercisable. Each share of Class B Common Stock is convertible into one share of the Issuer’s Class A Common Stock at any time at the option of the holder thereof. Dr. Ido Schoenberg and Dr. Roy Schoenberg are parties to a voting agreement whereby each has agreed to vote their shares together as a group. Accordingly, each of Dr. Ido Schoenberg and Dr. Roy Schoenberg may be deemed to beneficially own each other’s stock with shared voting power, currently consisting in the aggregate of 3,379,945 shares of Class A Common Stock and 30,920,165 shares of Class B Common