Butterfly Network (BFLY) director receives 25,447-share RSU board grant
Rhea-AI Filing Summary
Phanstiel S. Louise reported acquisition or exercise transactions in this Form 4 filing.
Butterfly Network, Inc. director S. Louise Phanstiel reported an equity compensation grant in the form of restricted stock units (RSUs). She received 25,447 RSUs of Class A common stock at no cash cost, characterized as a grant or award rather than an open-market purchase.
The RSUs constitute her annual grant to nonemployee directors under the company’s Amended and Restated Nonemployee Director Compensation Policy and vest in full on the date of the issuer’s 2027 Annual Stockholders Meeting, subject to her continued Board service. Following this grant, she holds 390,952 Class A shares directly, while a separate trust, The Phanstiel Trust u/a/d 2/5/02, holds 185,261 shares indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 25,447 shares
Net Buy
2 txns
Insider
Phanstiel S. Louise
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 25,447 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 390,952 shares (Direct);
Class A Common Stock — 185,261 shares (Indirect, By The Phanstiel Trust u/a/d 2/5/02)
Footnotes (1)
- F1. Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of Class A common stock upon vesting. The RSUs were issued to the Reporting Person as the annual grant to nonemployee directors pursuant to the Issuer's Amended and Restated Nonemployee Director Compensation Policy for services to be rendered to the Issuer as a member of its Board of Directors. The RSUs vest in full on the date of the Issuer's 2027 Annual Stockholders Meeting, subject to the Reporting Person's continued service on the Board of Directors on such date.
Key Figures
RSU grant size: 25,447 shares
Grant price: $0.00 per share
Direct holdings after grant: 390,952 shares
+2 more
5 metrics
RSU grant size
25,447 shares
Annual nonemployee director RSU award
Grant price
$0.00 per share
Equity compensation, not a cash purchase
Direct holdings after grant
390,952 shares
Class A common stock directly held post-transaction
Indirect trust holdings
185,261 shares
Held by The Phanstiel Trust u/a/d 2/5/02
Vesting event
2027 Annual Stockholders Meeting
RSUs vest in full on this meeting date
Key Terms
restricted stock units ("RSUs"), Nonemployee Director Compensation Policy, Annual Stockholders Meeting, Class A common stock
4 terms
restricted stock units ("RSUs") financial
"Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Nonemployee Director Compensation Policy financial
"annual grant to nonemployee directors pursuant to the Issuer's Amended and Restated Nonemployee Director Compensation Policy..."
Annual Stockholders Meeting financial
"The RSUs vest in full on the date of the Issuer's 2027 Annual Stockholders Meeting..."
Class A common stock financial
"Each RSU represents the right to receive one share of Class A common stock upon vesting."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did Butterfly Network (BFLY) director S. Louise Phanstiel report on this Form 4?
She reported receiving a grant of restricted stock units representing 25,447 shares of Class A common stock. The award is equity compensation for her role as a nonemployee director on Butterfly Network’s Board of Directors, not an open-market stock purchase or sale.
What are the terms of the 25,447 RSUs granted to Butterfly Network (BFLY) director Phanstiel?
The 25,447 RSUs each represent the right to receive one Class A share upon vesting. They were issued as her annual nonemployee director grant and will vest in full at the company’s 2027 Annual Stockholders Meeting, assuming she remains on the Board until that date.
Why did Butterfly Network (BFLY) grant RSUs to S. Louise Phanstiel?
The RSUs were granted under Butterfly Network’s Amended and Restated Nonemployee Director Compensation Policy. They represent her annual equity compensation for services as a Board member, aligning director interests with shareholders through stock-based awards instead of only cash fees.
When will S. Louise Phanstiel’s Butterfly Network (BFLY) RSUs vest?
The 25,447 RSUs are scheduled to vest in full on the date of Butterfly Network’s 2027 Annual Stockholders Meeting. Vesting is conditioned on her continued service on the company’s Board of Directors through that meeting date, according to the disclosed terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
