Butterfly Network Deputy GC discloses 237k-share stake, 10k options

Rhea-AI Filing Summary

Butterfly Network (BFLY) – Form 3 Insider Ownership Disclosure

Deputy General Counsel Nicholas Caezza filed an initial Form 3 dated 08/06/25 for an event on 08/02/25. He reports direct beneficial ownership of 237,563 Class A shares, comprising 90,752 common shares and 146,811 restricted stock units (RSUs). The RSUs vest as follows: 9,000 on 03/01/26; 74,011 in three equal annual tranches starting 03/03/25; and 63,800 in 11 equal quarterly tranches beginning 06/01/25, all contingent on continued service.

Caezza also holds a fully-vested stock option for 10,000 shares at an exercise price of $16.64, expiring 04/08/31.

This Form 3 simply establishes the insider’s baseline ownership under Section 16 and does not represent an open-market purchase or sale. It carries no immediate operational or financial impact for Butterfly Network.

Insights

Securities Analyst

TL;DR: Informational Form 3; details insider stake but offers no direct earnings or valuation signal.

The filing discloses Nicholas Caezza’s initial ownership as he becomes a Section 16 insider. With 237k shares (≈0.3% of diluted shares outstanding) and a 10k-share option already fully vested, the stake is modest relative to Butterfly Network’s float and does not imply imminent trading activity. Investors may view insider equity as alignment of interests, yet the staggered RSU schedule merely reflects standard executive compensation. No capital raise, guidance change, or operational data accompanies the document, so market impact is negligible.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Caezza Nicholas

(Last) (First) (Middle)

C/O BUTTERFLY NETWORK, INC.

1600 DISTRICT AVENUE

(Street)

BURLINGTON MA 01803

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/02/2025

3. Issuer Name and Ticker or Trading Symbol
Butterfly Network, Inc. [ BFLY ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Deputy General Counsel

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	237,563(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	(2)	04/08/2031	Class A Common Stock	10,000	$16.64	D

Explanation of Responses:

1. Consists of 90,752 shares of Class A Common Stock and 146,811 restricted stock units ("RSUs"). Each RSU represents the right to receive one share of Class A Common Stock upon vesting. The RSUs vest as follows: (i) 9,000 RSUs will vest on March 1, 2026; (ii) 74,011 RSUs will vest in three equal annual installments following March 3, 2025, and (iii) 63,800 RSUs will vest in 11 equal quarterly installments following June 1, 2025, in each case subject to the Reporting Person's continued service on each such vesting date.

2. 100% of the shares subject to the option are fully vested and exercisable.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Nick Caezza	08/06/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Butterfly Network (BFLY) file on August 6, 2025?

A Form 3 initial statement showing Deputy General Counsel Nicholas Caezza’s beneficial ownership.

How many Butterfly Network shares does Nicholas Caezza own?

He reports 237,563 Class A shares, including common stock and RSUs.

What is the vesting schedule for Caezza’s 146,811 RSUs?

9,000 vest on 03/01/26; 74,011 vest annually over three years from 03/03/25; 63,800 vest quarterly over 11 quarters from 06/01/25.

Does Caezza hold any stock options in BFLY?

Yes, one fully-vested option for 10,000 shares at $16.64 per share, expiring 04/08/31.

Does this Form 3 indicate a purchase or sale of BFLY stock?

No. Form 3 only establishes baseline ownership for a new Section 16 insider; it is not a transaction filing.