RSU tax sale: Butterfly Network (BFLY) CFO disposes 55K shares

Rhea-AI Filing Summary

Butterfly Network, Inc. EVP and CFO John N. Doherty reported an open-market sale of 55,229 shares of Class A common stock at a weighted average price of $7.873 per share. The sale was made automatically under a company “sell-to-cover” policy to satisfy tax withholding on vested restricted stock units, and was not at his discretion. After the transaction, he directly holds 1,454,412 shares.

Insider Trade Summary

Net Seller: 55,229 shares ($434,818)

Net Sell 1 txn

Insider Doherty John N.

Role EVP, CFO

Sold 55,229 shs ($435K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	55,229	$7.873	$435K

Holdings After Transaction: Class A Common Stock — 1,454,412 shares (Direct, null)

Footnotes (1)

1. The Issuer has adopted a "sell-to-cover" policy to satisfy the tax withholding obligations of the Reporting Person. The sales reported on this Form 4 represent the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. Such sales were automatic and not at the discretion of the Reporting Person. Represents the weighted average sales price per share. The shares sold at prices ranging from $7.735 to $8.11 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

Key Figures

Shares sold: 55,229 shares Weighted average sale price: $7.873 per share Price range: $7.735 to $8.11 per share +2 more

5 metrics

Shares sold 55,229 shares Open-market sale reported on Form 4

Weighted average sale price $7.873 per share Class A common stock sale

Price range $7.735 to $8.11 per share Range of sale prices in the transaction

Shares held after transaction 1,454,412 shares Direct Class A common stock ownership post-sale

Transaction date July 7, 2026 Date of reported open-market sale

Key Terms

sell-to-cover, restricted stock units, weighted average sales price

3 terms

sell-to-cover financial

"The Issuer has adopted a "sell-to-cover" policy to satisfy the tax withholding obligations..."

Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.

restricted stock units financial

"...tax withholding obligations in connection with the vesting of restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

weighted average sales price financial

"Represents the weighted average sales price per share."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/08/2026 - 04:30 PM Accepted by SEC EDGAR 07/08/2026 - 04:29 PM Learn about SEC filing dates

FAQ

What did Butterfly Network (BFLY) CFO John Doherty report in this Form 4?

He reported selling 55,229 shares of Class A common stock at a weighted average price of $7.873 per share. The transaction reflects an automatic sale tied to tax withholding on vested restricted stock units, rather than a discretionary open-market decision.

Why did Butterfly Network (BFLY) CFO’s 55,229-share sale occur?

The sale occurred under Butterfly Network’s “sell-to-cover” policy to satisfy tax withholding obligations from vesting restricted stock units. Shares were sold automatically to cover taxes, meaning the timing and amount were driven by withholding needs, not discretionary portfolio choices.

How many Butterfly Network (BFLY) shares does the CFO hold after this transaction?

After the reported sale, John N. Doherty directly holds 1,454,412 shares of Butterfly Network Class A common stock. This indicates the 55,229 shares sold for tax withholding represent a small portion of his overall direct equity position in the company.

At what prices were the Butterfly Network (BFLY) shares sold by the CFO?

The weighted average sales price was $7.873 per share, with individual trades executed between $7.735 and $8.11 per share. Detailed breakdowns of the number of shares sold at each specific price level are available upon request from regulators, the issuer, or shareholders.

Is the Butterfly Network (BFLY) CFO’s sale considered a routine tax sale?

Yes. The company has adopted a sell-to-cover policy, and this sale reflects shares automatically sold to cover tax withholding on restricted stock unit vesting. The footnote clarifies the transactions were not made at the reporting person’s discretion, indicating a routine administrative event.

What type of security was involved in the Butterfly Network (BFLY) Form 4 transaction?

The transaction involved Butterfly Network Class A common stock. The sale of 55,229 shares was linked to the vesting of restricted stock units, where shares are issued as compensation and a portion is sold to satisfy associated tax withholding obligations under the company’s policy.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Doherty John N.

(Last) (First) (Middle)

C/O BUTTERFLY NETWORK, INC.

1600 DISTRICT AVENUE

(Street)

BURLINGTON MASSACHUSETTS 01803

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/07/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/07/2026		S(1)		55,229	D	$7.873(2)	1,454,412	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Issuer has adopted a "sell-to-cover" policy to satisfy the tax withholding obligations of the Reporting Person. The sales reported on this Form 4 represent the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. Such sales were automatic and not at the discretion of the Reporting Person.

2. Represents the weighted average sales price per share. The shares sold at prices ranging from $7.735 to $8.11 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

	/s/ Nick Caezza, Attorney-in-Fact	07/08/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)