Butterfly CEO gifts 250K shares to family trusts

Butterfly Network, Inc. (BFLY) reported an insider transaction by President & CEO and director Joseph DeVivo.

Rhea-AI Filing Summary

Butterfly Network, Inc. (BFLY) reported an insider transaction by President & CEO and director Joseph DeVivo. On August 24, 2026, he made a bona fide gift of 250,000 shares of Class A common stock. According to the disclosure, these shares were transferred to irrevocable trusts for the benefit of his children. After this gift, DeVivo directly held 7,353,700 shares of Butterfly Network Class A common stock.

Insider Trade Summary

250,000 shares gifted

Gift 1 txn

Insider DEVIVO JOSEPH

Role President & CEO

Type	Security	Shares	Price	Value
Gift	Class A Common Stock F1	250,000	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 7,353,700 shares (Direct)

Footnotes (1)

1. F1. The shares gifted by the Reporting Person were transferred to irrevocable trusts for the benefit of the Reporting Person's children.

Key Figures

Shares gifted: 250,000 shares of Class A Common Stock Price per share: $0.0000 per share Shares owned after transaction: 7,353,700 shares +1 more

4 metrics

Shares gifted 250,000 shares of Class A Common Stock Bona fide gift by Joseph DeVivo on August 24, 2026

Price per share $0.0000 per share Reported for the bona fide gift transaction

Shares owned after transaction 7,353,700 shares Direct Class A common stock holdings of Joseph DeVivo after the gift

Gift transactions in filing 1 gift; 250,000 shares Summary of gift activity in this Form 4

Key Terms

bona fide gift, irrevocable trusts, Class A Common Stock

3 terms

bona fide gift financial

"The transaction code G is described as a bona fide gift"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

irrevocable trusts financial

"transferred to irrevocable trusts for the benefit of the Reporting Person's children"

Class A Common Stock financial

"250,000 shares of Class A Common Stock were gifted"

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

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

What insider transaction did BFLY President & CEO Joseph DeVivo report?

Joseph DeVivo reported a bona fide gift of 250,000 shares of Butterfly Network Class A common stock on August 24, 2026, transferring them to irrevocable trusts for the benefit of his children.

How many BFLY shares did Joseph DeVivo gift in this Form 4 filing?

Joseph DeVivo gifted 250,000 shares of Butterfly Network Class A common stock. The transaction was reported as a bona fide gift with no price per share, consistent with a non-sale transfer.

Who ultimately benefits from the gifted BFLY shares reported by Joseph DeVivo?

The filing states that the 250,000 gifted shares were transferred to irrevocable trusts established for the benefit of Joseph DeVivo’s children, making those trusts the vehicle for their benefit.

What is Joseph DeVivo’s direct BFLY shareholding after the reported gift?

After the reported gift of 250,000 shares, Joseph DeVivo directly held 7,353,700 shares of Butterfly Network Class A common stock, as disclosed in the Form 4.

Does the reported BFLY insider transaction involve a sale or purchase on the market?

No. The reported transaction is coded as G, a bona fide gift, meaning no market sale or purchase occurred. Shares were transferred to irrevocable trusts for family beneficiaries.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/25/2026 - 04:14 PM EDT Accepted by SEC EDGAR 08/25/2026 - 04:13 PM EDT 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)
08/24/2026

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	08/24/2026		G		250,000(1)	D	$0	7,353,700	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 shares gifted by the Reporting Person were transferred to irrevocable trusts for the benefit of the Reporting Person's children.

	/s/ Nick Caezza, Attorney-in-Fact	08/25/2026
	** 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)