Net Loss per Share

9 Months Ended

Sep. 30, 2022

14. Net Loss per Share

Basic and diluted net loss per share attributable to common stockholders was calculated as follows:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Numerator:
Net loss	$	(70,575	)	$	(50,932	)	$	(210,480	)	$	(128,873	)
Net loss attributable to non-controlling interest		(491	)		562			(1,214	)		(332	)
Net loss attributable to American Well Corporation	$	(70,084	)	$	(51,494	)	$	(209,266	)	$	(128,541	)
Denominator:
Weighted-average common shares outstanding —basic and diluted		277,389,730			257,283,961			272,846,985			250,115,414
Net loss per share attributable to common stockholders—basic and diluted	$	(0.25	)	$	(0.20	)	$	(0.77	)	$	(0.51	)

The Company’s potential dilutive securities, which include stock options, unvested restricted stock units and unvested performance market-based stock units, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The Company excluded the following potential common

shares equivalents presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Unvested restricted stock units		16,178,486		7,162,432		16,178,486		7,162,432
Unvested performance market-based stock units		25,706,997		—		25,706,997		—
Options to purchase shares of common stock		11,539,810		17,002,356		11,539,810		17,002,356
		53,425,293		24,164,788		53,425,293		24,164,788