Company: AMWL
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000950170-25-019024
Chunk: 218

Company: American Well Corp
Filing Date: 2025-02-12
Form: 10-K
Item: Item 1B
Chunk 218
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3 years

        Weighted average valuation date stock price
         
        N/A
         
        $
        2.76

        $
        3.50

        Expected volatility
         
        N/A

        70
        %

        75
        %

        Expected dividend yield
         
        N/A

        0
        %

        0
        %
       
      2020 Employee Stock Purchase PlanIn July and August 2020, the Company’s board of directors adopted, and the Company’s stockholders approved, the 2020 Employee Stock Purchase Plan (“ESPP”). Rights granted under the ESPP will be issued only with respect to shares of Class A common stock. The purchase price of the shares will not be less than 85% of the fair market value of Class A common stock on the lower of the purchase date, which will be the final trading day of the purchase period, or the enrollment date, which will be the first trading day of the offering period.

F-25

During the years ended December 31, 2024, 2023 and 2022 the Company issued 115,527, 61,216 and 35,168 shares under the ESPP. As of December 31, 2024 329,741 shares remained available for issuance. Stock-Based Compensation Stock-based compensation expense was classified in the consolidated statements of operations and comprehensive loss as follows:  

        Years Ended December 31,

        2024

        2023

        2022

        Cost of revenues
         
        $
        1,470

        $
        1,681

        $
        1,605

        Research and development

        7,160

        10,348

        10,236

        Selling and marketing

        4,954

        8,613

        7,182

        General and administrative

        33,921

        51,398

        50,121

        Total
         
        $
        47,505

        $
        72,040

        $
        69,144

      As of December 31, 2024, total unrecognized compensation cost related to the unvested common stock-based awards was $29,672, which is expected to be recognized over a weighted-average period of 1.9 years. 	

14. Commitments and Contingencies Leases The Company’s primary lease