[Form 4] Butterfly Network, Inc. Insider Trading Activity
Steve Cashman, Chief Business Officer of Butterfly Network, Inc. (BFLY), reported a routine sale of 142,590 shares of Class A common stock on 09/04/2025. The filing states the sales were made under the company’s sell-to-cover policy to satisfy tax-withholding obligations tied to the vesting of restricted stock units; the sales were automatic and not at the reporting person’s discretion. The weighted average sales price was $1.503 per share, with individual sale prices ranging from $1.475 to $1.53. After the transactions, the reporting person beneficially owned 2,181,884 shares.
Steve Cashman, Chief Business Officer di Butterfly Network, Inc. (BFLY), ha comunicato una vendita di routine di 142,590 azioni di azioni ordinarie di Classe A avvenuta il 09/04/2025. La dichiarazione indica che le vendite sono state effettuate secondo la politica aziendale di sell-to-cover per soddisfare gli obblighi fiscali legati al vesting delle restricted stock unit; le vendite sono state automatiche e non discrezionali da parte del soggetto segnalante. Il prezzo medio ponderato di vendita è stato di $1.503 per azione, con prezzi unitari compresi tra $1.475 e $1.53. Al termine delle operazioni, il soggetto segnalante deteneva beneficiariamente 2,181,884 azioni.
Steve Cashman, Chief Business Officer de Butterfly Network, Inc. (BFLY), informó una venta rutinaria de 142,590 acciones de la clase A el 09/04/2025. El informe indica que las ventas se realizaron conforme a la política de la compañía de sell-to-cover para cubrir obligaciones fiscales vinculadas al otorgamiento de unidades restringidas de acciones; las ventas fueron automáticas y no discrecionales por parte de la persona que reporta. El precio de venta promedio ponderado fue de $1.503 por acción, con precios individuales entre $1.475 y $1.53. Tras las transacciones, la persona que reporta poseía beneficiariamente 2,181,884 acciones.
Steve Cashman, Butterfly Network, Inc. (BFLY)의 Chief Business Officer는 2025-09-04에 클래스 A 보통주 142,590주를 정기적으로 매도했다고 보고했습니다. 제출서류에 따르면 해당 매도는 제한주식유닛(RSU)의 베스팅에 따른 세금 원천징수 의무를 충당하기 위한 회사의 sell-to-cover 정책에 따라 이루어졌으며, 매도는 자동으로 실행되었고 보고자의 재량에 의한 것은 아니었습니다. 가중평균 매도 가격은 주당 $1.503였고, 개별 매도 가격은 $1.475에서 $1.53 사이였습니다. 거래 후 보고자는 혜택적으로 2,181,884주를 보유하고 있었습니다.
Steve Cashman, Chief Business Officer de Butterfly Network, Inc. (BFLY), a déclaré une vente de routine de 142,590 actions de catégorie A le 09/04/2025. Le dépôt indique que les ventes ont été effectuées dans le cadre de la politique de sell-to-cover de la société pour couvrir les obligations fiscales liées à la levée des restricted stock units ; les ventes ont été automatiques et non à la discrétion de la personne déclarante. Le prix de vente moyen pondéré s'est élevé à $1.503 par action, les prix individuels variant de $1.475 à $1.53. Après ces opérations, la personne déclarante détenait bénéficiairement 2,181,884 actions.
Steve Cashman, Chief Business Officer von Butterfly Network, Inc. (BFLY), meldete am 09/04/2025 einen routinemäßigen Verkauf von 142,590 Class-A-Stammaktien. Die Einreichung gibt an, dass die Verkäufe im Rahmen der sell-to-cover-Richtlinie des Unternehmens zur Erfüllung steuerlicher Abzugsverpflichtungen im Zusammenhang mit dem Vesting von Restricted Stock Units erfolgten; die Verkäufe waren automatisch und lagen nicht im Ermessen der meldenden Person. Der gewichtete durchschnittliche Verkaufspreis betrug $1.503 je Aktie, die einzelnen Verkaufspreise lagen zwischen $1.475 und $1.53. Nach den Transaktionen hielt die meldende Person wirtschaftlich 2,181,884 Aktien.
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Insights
TL;DR Insider sale appears routine sell-to-cover for RSU taxes; not an indicator of strategic divestiture.
The Form 4 discloses an automatic, transaction-specific sale of 142,590 shares to cover tax withholding from vested restricted stock units. The disclosure identifies a weighted-average sale price of $1.503 and a price range of $1.475 to $1.53. Because the sale is described as automatic under a company sell-to-cover policy and the reporting person retains sizeable holdings (2,181,884 shares), this filing is consistent with administrative tax-related selling rather than a voluntary, discretionary liquidation of a position. No derivative transactions, agreements, or additional dispositions are reported.
TL;DR Transaction aligns with common equity compensation practices and raises no immediate governance concerns.
The Form 4 clarifies that the sales were executed solely to satisfy withholding obligations from vested RSUs and were automatic per company policy. The use of an attorney-in-fact signature for filing is procedural. There is no indication of unusual timing, related-party transfers, or sales pursuant to Rule 10b5-1 plans. From a governance perspective, the disclosure meets standard Section 16 reporting requirements and contains requisite explanatory detail about pricing and rationale.
Steve Cashman, Chief Business Officer di Butterfly Network, Inc. (BFLY), ha comunicato una vendita di routine di 142,590 azioni di azioni ordinarie di Classe A avvenuta il 09/04/2025. La dichiarazione indica che le vendite sono state effettuate secondo la politica aziendale di sell-to-cover per soddisfare gli obblighi fiscali legati al vesting delle restricted stock unit; le vendite sono state automatiche e non discrezionali da parte del soggetto segnalante. Il prezzo medio ponderato di vendita è stato di $1.503 per azione, con prezzi unitari compresi tra $1.475 e $1.53. Al termine delle operazioni, il soggetto segnalante deteneva beneficiariamente 2,181,884 azioni.
Steve Cashman, Chief Business Officer de Butterfly Network, Inc. (BFLY), informó una venta rutinaria de 142,590 acciones de la clase A el 09/04/2025. El informe indica que las ventas se realizaron conforme a la política de la compañía de sell-to-cover para cubrir obligaciones fiscales vinculadas al otorgamiento de unidades restringidas de acciones; las ventas fueron automáticas y no discrecionales por parte de la persona que reporta. El precio de venta promedio ponderado fue de $1.503 por acción, con precios individuales entre $1.475 y $1.53. Tras las transacciones, la persona que reporta poseía beneficiariamente 2,181,884 acciones.
Steve Cashman, Butterfly Network, Inc. (BFLY)의 Chief Business Officer는 2025-09-04에 클래스 A 보통주 142,590주를 정기적으로 매도했다고 보고했습니다. 제출서류에 따르면 해당 매도는 제한주식유닛(RSU)의 베스팅에 따른 세금 원천징수 의무를 충당하기 위한 회사의 sell-to-cover 정책에 따라 이루어졌으며, 매도는 자동으로 실행되었고 보고자의 재량에 의한 것은 아니었습니다. 가중평균 매도 가격은 주당 $1.503였고, 개별 매도 가격은 $1.475에서 $1.53 사이였습니다. 거래 후 보고자는 혜택적으로 2,181,884주를 보유하고 있었습니다.
Steve Cashman, Chief Business Officer de Butterfly Network, Inc. (BFLY), a déclaré une vente de routine de 142,590 actions de catégorie A le 09/04/2025. Le dépôt indique que les ventes ont été effectuées dans le cadre de la politique de sell-to-cover de la société pour couvrir les obligations fiscales liées à la levée des restricted stock units ; les ventes ont été automatiques et non à la discrétion de la personne déclarante. Le prix de vente moyen pondéré s'est élevé à $1.503 par action, les prix individuels variant de $1.475 à $1.53. Après ces opérations, la personne déclarante détenait bénéficiairement 2,181,884 actions.
Steve Cashman, Chief Business Officer von Butterfly Network, Inc. (BFLY), meldete am 09/04/2025 einen routinemäßigen Verkauf von 142,590 Class-A-Stammaktien. Die Einreichung gibt an, dass die Verkäufe im Rahmen der sell-to-cover-Richtlinie des Unternehmens zur Erfüllung steuerlicher Abzugsverpflichtungen im Zusammenhang mit dem Vesting von Restricted Stock Units erfolgten; die Verkäufe waren automatisch und lagen nicht im Ermessen der meldenden Person. Der gewichtete durchschnittliche Verkaufspreis betrug $1.503 je Aktie, die einzelnen Verkaufspreise lagen zwischen $1.475 und $1.53. Nach den Transaktionen hielt die meldende Person wirtschaftlich 2,181,884 Aktien.
FAQ
What did Steve Cashman (BFLY) report on Form 4?
When were the shares sold and at what price range?
Was the sale discretionary or part of a plan?
How does this transaction affect Steve Cashman’s ownership in BFLY?
Did the Form 4 report any derivative transactions or other dispositions?
