Company: AMWL
Filing Date: 2025-02-28
Form Type: S-8
Source: 0000950103-25-002746
Chunk: 1

Company: American Well Corp
Filing Date: 2025-02-28
Form: S-8
Chunk 1
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) | Smaller reporting company ☐ |
|                                                                       | Emerging Growth Company ☐   |

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.☐

<div align='center'>EXPLANATORY NOTE</div>

Pursuant to General Instruction E to Form S-8,
American Well Corporation (the “Registrant”) is filing this Registration Statement on Form S-8 (this “Registration Statement”)
with the U.S. Securities and Exchange Commission (the “Commission”) to register additional shares of Class A common stock,
$0.01 par value per share, of the Registrant (“Class A Common Stock”) for issuance under the 2020 Equity Incentive Plan (the
“2020 Plan”) and the 2020 Employee Stock Purchase Plan (“2020 ESPP”). The number of shares of Class A Common Stock
available for issuance under the 2020 Plan is subject to an annual increase on the first day of each calendar year beginning on January
1, 2021 and ending on (and including) January 1, 2029 by an amount equal to the lesser of (i) five percent (5%) of the number of shares
of all classes of the Registrant’s common stock outstanding on the last day of the immediately preceding fiscal year and (ii) such
smaller number of shares of all classes of the Registrant’s common stock as determined by the Registrant’s Board of Directors
(the “Board”) (the “2020 Plan Evergreen Provision”). The number of shares of Class A Common Stock available for
issuance under the 2020 ESPP is subject to an annual increase on the first day of each calendar year beginning on January 1, 2021 and
ending on (and including) January 1, 2029 by an amount equal to the least of (i) one percent (1%) of the number of shares of Class A Common
Stock outstanding as of the date on which the registration statement covering the initial public offering of Class A Common Stock was declared effective by the Commission, (ii) one percent (1%) of number of shares of all classes
of the Registrant’s common stock outstanding on the final day of the immediately preceding calendar year or (iii) such smaller number
of shares of Class A Common Stock as determined by