Net Loss per Share

3 Months Ended

Mar. 31, 2023

13. Net Loss per Share

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


	Three Months Ended March 31,
	2023			2022
Numerator:
Net loss	$	(398,509	)	$	(70,253	)
Net loss attributable to non-controlling interest		(821	)		(216	)
Net loss attributable to American Well Corporation	$	(397,688	)	$	(70,037	)
Denominator:
Weighted-average common shares outstanding —basic and diluted		279,966,645			268,002,110
Net loss per share attributable to common stockholders—basic and diluted	$	(1.42	)	$	(0.26	)

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 March 31,
	2023		2022
Unvested restricted stock units		24,623,215		15,008,289
Unvested performance market-based stock units		28,110,693		9,545,814
Options to purchase shares of common stock		10,737,659		14,686,475
		63,471,567		39,240,578