Butterfly Network director funds sell 1,876,292 shares
Butterfly Network, Inc. director Larry Robbins, through investment funds he advises, reported indirect sales totaling 1,876,292 shares of Class A Common Stock on July 31 and August 3, 2026.
Rhea-AI Filing Summary
Butterfly Network, Inc. director Larry Robbins, through investment funds he advises, reported indirect sales totaling 1,876,292 shares of Class A Common Stock on July 31 and August 3, 2026. The July 31 sales were at a weighted average price of $7.3925 per share, within a range of $7.2282 to $7.82; the August 3 sales were at $8.1048 per share.
The shares were held by Glenview investment funds and Longview Investors LLC, over which Robbins shares voting and dispositive power and may be deemed to beneficially own, while disclaiming beneficial ownership except for any pecuniary interest. As of July 31, 2026, he held 390,952.0000 shares directly.
Positive
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Negative
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 1,876,292 shares
Net Sell
4 txns
Insider
ROBBINS LARRY
Role
Director
Sold
1,876,292 shs ($13.98M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F3, F5 | 156,163 | $8.1048 | $1.27M |
| Sale | Class A Common Stock F1, F2, F3, F5 | 1,720,129 | $7.3925 | $12.72M |
| holding | Class A Common Stock F4, F5 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 17,005,450 shares (Indirect, See footnotes);
Class A Common Stock — 390,952 shares (Direct)
Footnotes (5)
- F1. These shares of the Issuer's common stock, par value $0.0001 per share (the "Shares"), were transferred by Glenview Capital Master Fund, Ltd. to GCM Onshore Investors, L.P. and GCM Cayman Investors, Ltd. on July 1, 2026, in a transaction exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-13 thereunder, and were subsequently sold by GCM Onshore Investors, L.P. and GCM Cayman Investors, Ltd.
- F2. This price reflects the weighted average price for open-market sales of Shares on July 31, 2026 within a $1.00 range. The actual prices for these transactions range from $7.2282 to $7.82, inclusive. Mr. Robbins further undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price.
- F3. GCM Onshore Investors, L.P., GCM Cayman Investors, Ltd., Glenview Capital Master Fund, Ltd., Glenview Offshore Opportunity Master Fund, Ltd. and Glenview Healthcare Master Fund, L.P. (collectively, the "Glenview Investment Funds") are the record holders of these Shares. Mr. Robbins is the Founder, Portfolio Manager and CIO of Glenview Capital Management, LLC, which serves as investment advisor or investment manager to each of the Glenview Investment Funds. Mr. Robbins shares voting and dispositive power over the Shares held by the Glenview Investment Funds and may be deemed to beneficially own such Shares.
- F4. Longview Investors LLC ("Longview"), or its affiliates, is the record holder of these securities. Mr. Robbins is the managing member of Longview. Mr. Robbins shares voting and dispositive power over the securities held by Longview and may be deemed to beneficially own such securities.
- F5. Mr. Robbins disclaims beneficial ownership over any securities owned by Longview and the Glenview Investment Funds other than to the extent of any pecuniary interest he may have therein.
Key Figures
Shares sold on 2026-08-03: 156163.0000 shares
Shares sold on 2026-07-31: 1720129.0000 shares
Total shares sold: 1876292 shares
+2 more
5 metrics
Shares sold on 2026-08-03
156163.0000 shares
Indirect sale of Class A Common Stock by entities associated with Larry Robbins at $8.1048 per share
Shares sold on 2026-07-31
1720129.0000 shares
Indirect sale of Class A Common Stock by Glenview investment funds at weighted average $7.3925 per share
Total shares sold
1876292 shares
Aggregate shares sold across reported July 31 and August 3, 2026 transactions
Price range on 2026-07-31
$7.2282 to $7.82 per share
Range of prices for open-market sales of Butterfly Network shares on July 31, 2026
Direct holdings after 2026-07-31
390952.0000 shares
Class A Common Stock held directly by Larry Robbins as of July 31, 2026
Key Terms
Section 16, Rule 16a-13, weighted average price, dispositive power, +2 more
6 terms
Section 16 regulatory
"in a transaction exempt from Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16a-13 regulatory
"a transaction exempt from Section 16 of the Exchange Act, pursuant to Rule 16a-13 thereunder"
weighted average price financial
"This price reflects the weighted average price for open-market sales of Shares on July 31, 2026"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
dispositive power regulatory
"Mr. Robbins shares voting and dispositive power over the Shares held by the Glenview Investment Funds"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
beneficially own regulatory
"Mr. Robbins shares voting and dispositive power and may be deemed to beneficially own such Shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership over any securities owned other than to the extent of any pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is Larry Robbins’ remaining direct ownership in Butterfly Network (BFLY)?
As of July 31, 2026, Larry Robbins directly held 390,952.0000 Butterfly Network Class A shares. Additional securities are held indirectly through Glenview and Longview investment entities, over which he shares voting and dispositive power but disclaims beneficial ownership beyond any pecuniary interest.
Were Larry Robbins’ Butterfly Network (BFLY) trades reported under a Rule 10b5-1 trading plan?
The transactions were not affirmed as being made under a Rule 10b5-1 trading plan. The specific checkbox for Rule 10b5-1 plans was marked as false, and no footnote indicates that these trades were executed under a prearranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
