Butterfly Network (BFLY) insider-linked entity reports planned Class A stock sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Butterfly Network, Inc. director and 10% owner Jonathan M. Rothberg reported sales of Class A common stock made indirectly through JAR TR, LLC. JAR TR, LLC sold 351,617 shares on 01/06/2026 at a weighted average price of $4.0294, 452,729 shares on 01/07/2026 at $4.1399, and 335,834 shares on 01/08/2026 at $4.1822, leaving no Class A shares held by that entity after the reported transactions.
The sales were effected under a Rule 10b5-1 trading plan adopted on March 5, 2025 for estate-planning purposes. Rothberg remains associated with substantial holdings of Class A and Class B common stock through direct ownership, his spouse, and multiple LLC and trust entities, while disclaiming beneficial ownership of those securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,140,180 shares ($4,695,583)
Net Sell
14 txns
Insider
ROTHBERG JONATHAN M
Role
Director, 10% Owner
Sold
1,140,180 shs ($4.70M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 335,834 | $4.1822 | $1.40M |
| Sale | Class A Common Stock | 452,729 | $4.1399 | $1.87M |
| Sale | Class A Common Stock | 351,617 | $4.0294 | $1.42M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 0 shares (Indirect, By JAR TR, LLC);
Class A Common Stock — 2,880,252 shares (Direct);
Class B Common Stock — 4,716,596 shares (Indirect, By 4C Holdings I, LLC)
Footnotes (1)
- The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2025 for estate planning purposes. Represents the weighted average sales price per share. The shares sold at prices ranging from $4.00 to $4.0897 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. Dr. Rothberg is the Manager of 4C Holdings I, LLC, 4C Holdings II, LLC, 4C Holdings III, LLC, 4C Holdings IV, LLC, 4C Holdings V, LLC, NVR TR, LLC, JNR TR, LLC, JAR TR, LLC, GBR TR, LLC and EJR TR, LLC, and is the spouse of Bonnie E Gould Rothberg MD. Dr. Rothberg disclaims beneficial ownership of the securities held by these persons and entities except to the extent of his pecuniary interest therein. Represents the weighted average sales price per share. The shares sold at prices ranging from $4.00 to $4.2758 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. Represents the weighted average sales price per share. The shares sold at prices ranging from $4.04 to $4.2828 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.
FAQ
Who is the insider in Butterfly Network (BFLY) involved in this Form 4?
The Form 4 reports transactions by Jonathan M. Rothberg, who is listed as both a director and 10% owner of Butterfly Network, Inc.
What sale prices were reported for the Butterfly Network (BFLY) insider transactions?
The reported weighted average prices were $4.0294 per share on 01/06/2026, $4.1399 on 01/07/2026, and $4.1822 on 01/08/2026, with detailed price breakdowns available on request.
Were the Butterfly Network (BFLY) insider sales made under a 10b5-1 trading plan?
Yes. The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2025 for estate planning purposes.
How are the LLC and trust holdings in Butterfly Network (BFLY) treated for ownership?
The filing states that Dr. Rothberg is the manager of several LLC and trust entities holding Butterfly Network shares and that he disclaims beneficial ownership of their securities except to the extent of his pecuniary interest.
What types of securities does the Butterfly Network (BFLY) Form 4 cover?
The Form 4 covers Class A common stock sales by JAR TR, LLC and reports continuing holdings in both Class A and Class B common stock through various entities.