BFLY Insider Notice: 142,590 Class A Shares to Be Sold (~$214K)
Rhea-AI Filing Summary
Butterfly Network, Inc. (BFLY) filed a Form 144 reporting a proposed sale of 142,590 Class A shares through Fidelity Brokerage Services (Smithfield, RI) with an aggregate market value of $214,255.73. The filing states the shares represent restricted stock that vested on 09/03/2025 and were acquired that same day as compensation from the issuer. The filer reports 225,314,153 shares outstanding and indicates the approximate sale date of 09/04/2025. No securities were sold by the filer in the past three months according to this notice.
Positive
- Transparency: Filing provides clear details on acquisition date, nature (restricted stock vesting), broker, and intended sale date
- Small relative size: 142,590 shares (~$214k) is a small portion of the 225,314,153 shares outstanding
Negative
- No material negatives disclosed: Filing does not report adverse events or prior sales in last three months
Insights
TL;DR: A routine insider sale notice for vested compensation; size is small relative to shares outstanding.
The Form 144 documents a proposed sale of 142,590 Class A shares acquired via restricted stock vesting on 09/03/2025 and to be sold beginning 09/04/2025 through Fidelity. The aggregate value reported is $214,255.73, which represents a de minimis fraction of the 225,314,153 shares outstanding. The filing does not disclose any prior sales in the past three months. This appears procedural and consistent with monetizing vested compensation rather than a material disposition.
TL;DR: Compliance filing aligns with Rule 144 disclosure for insiders converting compensation to cash.
The notice specifies acquisition via restricted stock vesting and payment characterized as compensation, meeting Rule 144 disclosure requirements. The signer affirms no undisclosed material adverse information. There are no indications in the filing of coordinated or unusual trading plans; the document contains no disclosures of 10b5-1 adoption dates. From a governance perspective, the filing fulfills required transparency for an insider sale.