Butterfly Network (BFLY) director Larry Robbins reports new share purchases
Rhea-AI Filing Summary
Butterfly Network, Inc. director and 10% owner Larry Robbins reported a series of open-market purchases of Class A common stock. On December 3, 2025, entities he oversees bought 821,648 shares at a weighted average price of $2.9619 per share. On December 4, 2025, they bought 536,893 shares at a weighted average of $2.9947, and on December 5, 2025, they bought 200,000 shares at a weighted average of $3.0565.
The shares were acquired by Glenview investment funds, for which Robbins is investment manager, and he shares voting and dispositive power over these holdings. He also has interests through Longview Investors LLC and holds additional securities, including restricted stock units that vest at the company’s 2026 annual stockholders meeting, conditioned on his continued board service.
Positive
- None.
Negative
- None.
Insights
Large existing holder and director significantly increased indirect ownership through open‑market purchases, reinforcing alignment with common stockholders and concentrating governance influence.
The filing shows that **Larry Robbins**, a **director and 10% owner** of **Butterfly Network, Inc.**, caused affiliated funds to buy substantial amounts of **Class A Common Stock** on three consecutive days. The Glenview investment vehicles purchased **821,648**, **536,893**, and **200,000** Shares on
These trades are reported as **P (purchase)** transactions, not option exercises or grants, which indicates cash outlay at market prices during the reported ranges. The filing clarifies that Glenview funds and Longview entities are the record holders, while Mr. Robbins may be deemed a beneficial owner due to shared voting and dispositive power, and he disclaims beneficial ownership beyond his pecuniary interest. This structure concentrates a larger voting block under a coordinated set of entities while preserving formal separation of record ownership.
The disclosure also notes **365,505** Shares of direct ownership, including **80,434 unvested RSUs** that will vest in full at the Issuer’s **2026 Annual Stockholders Meeting**, subject to continued board service. That vesting date provides a clear governance-linked milestone. Over the near to medium term, the key items to watch are any further Form 4 purchases or sales by these entities and any changes in Mr. Robbins’ board role or committee responsibilities around and after the 2026 meeting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 200,000 | $3.0565 | $611K |
| Purchase | Class A Common Stock | 536,893 | $2.9947 | $1.61M |
| Purchase | Class A Common Stock | 821,648 | $2.9619 | $2.43M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- These shares of the Issuer's Common Stock, par value $0.0001 per share (the "Shares") were purchased by Glenview Capital Master Fund, Ltd., Glenview Offshore Opportunity Master Fund, Ltd. and Glenview Healthcare Master Fund, L.P. (collectively, the "Glenview Investment Funds"). This price reflects the weighted average price for open-market purchases of Shares on December 3, 2025 within a $1.00 range. The actual prices for these transactions range from $2.83 to $2.97, 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 purchased at each separate price. This price reflects the weighted average price for open-market purchases of Shares on December 4, 2025 within a $1.00 range. The actual prices for these transactions range from $2.865 to $3.06, 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 purchased at each separate price. This price reflects the weighted average price for open-market purchases of Shares on December 5, 2025 within a $1.00 range. The actual prices for these transactions range from $3.0123 to $3.06, 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 purchased at each separate price. The Glenview Investment Funds are the record holders of these Shares. Mr. Robbins is the Founder, Portfolio Manager and CEO of Glenview Capital Management, LLC, which serves as 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. 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. 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. Includes 80,434 unvested restricted stock units ("RSUs"). Each RSU represents the right to receive one Share upon vesting. The RSUs vest in full on the date of the Issuer's 2026 Annual Stockholders Meeting, subject to Mr. Robbins' continued service on the Board of Directors on such date.
FAQ
What insider activity did BFLY disclose for Larry Robbins?
The filing shows that Larry Robbins, a director and 10% owner of Butterfly Network, Inc. (BFLY), reported open-market purchases of the company’s Class A common stock on December 3, 4, and 5, 2025 through affiliated investment funds.