Butterfly Network CEO auto-sells shares for taxes

Butterfly Network, Inc. reported that President & CEO Joseph DeVivo sold 211,798 shares of Class A common stock on July 20, 2026 at a weighted average price of $6.56 per share, within a range of $6.46 to $6.665.

Rhea-AI Filing Summary

Butterfly Network, Inc. reported that President & CEO Joseph DeVivo sold 211,798 shares of Class A common stock on July 20, 2026 at a weighted average price of $6.56 per share, within a range of $6.46 to $6.665. According to the company’s sell-to-cover policy, these automatic sales were made solely to satisfy tax withholding obligations arising from the vesting of restricted stock units and were not at DeVivo’s discretion. Following the transaction, he directly holds 7,672,046 shares of Butterfly Network common stock.

Insider Trade Summary

Net Seller: 211,798 shares

Net Sell 1 txn

Insider DEVIVO JOSEPH

Role President & CEO

Sold 211,798 shs ($1.39M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1, F2	211,798	$6.56	$1.39M

Holdings After Transaction: Class A Common Stock — 7,672,046 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Represents the weighted average sales price per share. The shares sold at prices ranging from $6.46 to $6.665 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: 211,798 shares Weighted average sale price: $6.56 per share Sale price range: $6.46 to $6.665 per share +2 more

5 metrics

Shares sold 211,798 shares Class A Common Stock sold on July 20, 2026

Weighted average sale price $6.56 per share Weighted average price for the reported 211,798-share sale

Sale price range $6.46 to $6.665 per share Range of individual sale prices within the reported transaction

Shares held after transaction 7,672,046 shares Directly held by CEO Joseph DeVivo following the sale

Net shares sold 211,798 shares Net-sell direction per transaction summary for this Form 4

Key Terms

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

3 terms

sell-to-cover policy financial

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

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 per share financial

"Represents the weighted average sales price per share"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Butterfly Network (BFLY) report for CEO Joseph DeVivo?

Butterfly Network reported that CEO Joseph DeVivo sold 211,798 shares of Class A common stock on July 20, 2026. The sale was made under a sell-to-cover tax policy tied to vesting restricted stock units and was executed automatically, not at his discretion.

At what price did the Butterfly Network (BFLY) CEO’s Form 4 sale occur?

The reported sale used a weighted average price of $6.56 per share for 211,798 shares. A footnote explains that individual sales occurred in a price range of $6.46 to $6.665 per share, with detailed breakdowns available on request from regulators or shareholders.

Why did Butterfly Network (BFLY) CEO Joseph DeVivo sell 211,798 shares?

The company states the sale was to cover tax withholding obligations from vesting restricted stock units. Butterfly Network has a sell-to-cover policy requiring automatic share sales for this purpose, and the transactions were not made at the CEO’s personal trading discretion.

How many Butterfly Network (BFLY) shares does the CEO hold after this Form 4 sale?

After selling 211,798 shares, CEO Joseph DeVivo directly holds 7,672,046 shares of Butterfly Network Class A common stock. This post-transaction holding reflects his remaining direct ownership following the automatic, tax-related sell-to-cover transaction reported.

Was Butterfly Network (BFLY) CEO’s July 20, 2026 sale part of a discretionary trading plan?

No. The filing notes the issuer uses a sell-to-cover policy and that these sales were automatic and not at the discretion of CEO Joseph DeVivo. They occurred solely to satisfy tax withholding tied to restricted stock unit vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/21/2026 - 04:21 PM Accepted by SEC EDGAR 07/21/2026 - 04:21 PM Learn about SEC filing dates

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^*

DEVIVO JOSEPH

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/20/2026

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	07/20/2026		S(1)		211,798	D	$6.56(2)	7,672,046	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 $6.46 to $6.665 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	07/21/2026
	** 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)