Butterfly Network (BFLY) CFO sells 57,136 shares under sell-to-cover policy

Rhea-AI Filing Summary

Butterfly Network, Inc. executive vice president and CFO John N. Doherty reported selling 57,136 shares of Class A Common Stock on July 20, 2026 at a weighted average price of $6.56 per share. The company states these automatic sales occurred under its sell-to-cover policy to satisfy tax withholding on vested RSUs. Following the transactions, Doherty directly holds 1,397,276 shares of Class A Common Stock.

Insider Trade Summary

Net Seller: 57,136 shares

Net Sell 1 txn

Insider Doherty John N.

Role EVP, CFO

Sold 57,136 shs ($375K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1, F2	57,136	$6.56	$375K

Holdings After Transaction: Class A Common Stock — 1,397,276 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: 57,136 shares Weighted average price: $6.56 per share Price range: $6.46–$6.665 per share +2 more

5 metrics

Shares sold 57,136 shares Class A Common Stock sold on July 20, 2026

Weighted average price $6.56 per share Weighted average sales price for the reported transaction

Price range $6.46–$6.665 per share Range of prices at which the shares were sold

Shares owned after 1,397,276 shares Direct Class A Common Stock holdings following the sale

Net shares sold 57,136 shares Net-sell shares across all reported transactions

Key Terms

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

4 terms

sell-to-cover policy financial

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

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."

tax withholding obligations financial

"shares required to be sold by the Reporting Person to cover tax withholding obligations"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/21/2026 - 04:24 PM Accepted by SEC EDGAR 07/21/2026 - 04:23 PM Learn about SEC filing dates

FAQ

What insider transaction did Butterfly Network (BFLY) report for John N. Doherty?

Butterfly Network (BFLY) reported that EVP and CFO John N. Doherty sold 57,136 shares of Class A Common Stock. The sale occurred on July 20, 2026 and was tied to tax withholding related to restricted stock unit vesting.

At what prices were the BFLY shares sold by executive John N. Doherty?

The reported sale used a $6.56 weighted average price per share. According to the footnote, individual trades occurred within a range of $6.46 to $6.665 per share, with full breakdowns available on request to appropriate parties.

Why did Butterfly Network (BFLY) CFO John N. Doherty sell shares on July 20, 2026?

The company explains the sales were made under a sell-to-cover policy to satisfy Doherty’s tax withholding obligations from restricted stock unit vesting. The sales were described as automatic and not at his discretion.

How many Butterfly Network (BFLY) shares does John N. Doherty own after this transaction?

After the July 20, 2026 sale, John N. Doherty directly holds 1,397,276 shares of Butterfly Network Class A Common Stock. This figure reflects his reported direct ownership position following the sell-to-cover transaction.

Was the BFLY insider sale by John N. Doherty made under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not marked, indicating it was not affirmed under such a plan. Instead, a footnote specifies the sale followed the issuer’s sell-to-cover policy for tax withholding on RSU vesting.

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^*

Doherty John N.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CFO

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)		57,136	D	$6.56(2)	1,397,276	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)