Amwell makes grant to new employees under inducement plan

Amwell ® (NYSE: AMWL), a leading provider of a comprehensive SaaS-based software platform for technology-enabled healthcare, announces that on August 7, Amwell made grants of RSUs covering an aggregate of 6,679 shares of its Class A common stock to two new non-executive employees. The grants were offered as material inducement to the employees’ entry into employment with Amwell. Subject to each employee’s continued employment through the applicable vesting date, 25% of the RSUs will vest on the first anniversary of the grant date (the “Initial Vesting Date”), and the remaining 75% will vest in substantially equal quarterly increments thereafter (subject to rounding for whole shares), beginning on the first calendar day of the month following the date that is three months after the Initial Vesting Date, with the RSUs vesting in full on the first day of the calendar month following the 48-month anniversary of the grant date.