Company: AMWL
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000950170-25-019024
Chunk: 216

Company: American Well Corp
Filing Date: 2025-02-12
Form: 10-K
Item: Item 1B
Chunk 216
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AverageExercise Price

        Weighted AverageRemainingContractualTerm (Years)

        AggregateIntrinsic Value

        Outstanding as of January 1, 2024

        499,442

        $
        101.82

        4.6

        $
        —

        Forfeited

        (66,892
        )
         
        $
        95.91

        Expired

        (4,840
        )
         
        $
        36.00

        Outstanding as of December 31, 2024

        427,710

        $
        103.49

        3.7

        $
        —

        Vested and expected to vest as of December 31, 2024

        427,351

        $
        103.48

        3.7

        $
        —

        Options exercisable as of December 31, 2024

        427,490

        $
        103.49

        3.7

        $
        —

      The aggregate intrinsic value of stock options exercised during the years ended December 31, 2024, 2023 and 2022, was $0, $206 and $5,167, respectively. The aggregate intrinsic value of common stock options is calculated as the difference between the exercise price of the stock options and the fair value of the Company’s common stock for those stock options that had exercise prices lower than the fair value of the Company’s common stock. There were no options granted during the years ended December 31, 2024, 2023 and 2022.The Company received cash proceeds from the exercise of common stock options of $569 and $5,740 during the years ended December 31, 2023 and 2022, respectively. No stock options were exercised in the year ended December 31, 2024.

F-24

Restricted Stock Units The following table summarizes the unvested restricted stock unit activity for the year ended December 31, 2024:  

        Shares

        Weighted AverageGrant DateFair Value

        Unvested as of January 1, 2024

        1,119,107

        $
        74.39

        Granted

        1,903,463

        19.44

        Vested

        (1,031,080
        )

        46.04

        Forfeited

        (637,450