Were Steve Cashman’s Butterfly Network (BFLY) share sales open-market transactions?

Yes. The Form 4 describes both transactions as sales in the open market. The transaction code “S” and the description “Sale in open market or private transaction” confirm they were standard market sales of Class A Common Stock.

Butterfly Network (BFLY) CBO Steve Cashman sells 399,461 shares in open market

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Butterfly Network’s Chief Business Officer, Steve Cashman, reported open-market sales of Class A Common Stock. On June 5, 2026, he sold 104,781 shares at a weighted average price of $4.964 per share. On June 8, 2026, he sold 294,680 shares at a weighted average price of $4.66 per share. In total, he sold 399,461 shares and now directly holds 1,630,407 shares of Butterfly Network stock.

Insider Trade Summary

Net Seller: 399,461 shares ($1,893,342)

Net Sell 2 txns

Insider Cashman Steve

Role Chief Business Officer

Sold 399,461 shs ($1.89M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	294,680	$4.66	$1.37M
Sale	Class A Common Stock	104,781	$4.964	$520K

Holdings After Transaction: Class A Common Stock — 1,630,407 shares (Direct, null)

Footnotes (1)

Represents the weighted average sales price per share. The shares sold at prices ranging from $4.9 to $5.025 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. Represents the weighted average sales price per share. The shares sold at prices ranging from $4.610 to $4.735 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 June 5, 2026: 104,781 shares Price June 5, 2026: $4.964 per share Shares sold June 8, 2026: 294,680 shares +5 more

8 metrics

Shares sold June 5, 2026 104,781 shares Open-market sale of Class A Common Stock

Price June 5, 2026 $4.964 per share Weighted average sales price

Shares sold June 8, 2026 294,680 shares Open-market sale of Class A Common Stock

Price June 8, 2026 $4.66 per share Weighted average sales price

Total shares sold 399,461 shares Sum of June 5 and June 8, 2026 sales

Shares held after transactions 1,630,407 shares Direct ownership after June 8, 2026 sale

Price range June 5, 2026 $4.90–$5.025 per share Footnote weighted average range

Price range June 8, 2026 $4.610–$4.735 per share Footnote weighted average range

Key Terms

open-market sale, Class A Common Stock, weighted average sales price per share, Form 4

4 terms

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A Common Stock financial

"security_title: "Class A Common Stock""

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.

Form 4 regulatory

"Full information ... shall be provided upon request ..."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

06/09/2026 - 05:19 PM

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^*

Cashman Steve

(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)
	Chief Business Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/05/2026		S		104,781	D	$4.964⁽¹⁾	1,925,087	D
Class A Common Stock	06/08/2026		S		294,680	D	$4.66⁽²⁾	1,630,407	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the weighted average sales price per share. The shares sold at prices ranging from $4.9 to $5.025 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.

2. Represents the weighted average sales price per share. The shares sold at prices ranging from $4.610 to $4.735 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	06/09/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Butterfly Network (BFLY) report for Steve Cashman?

Butterfly Network reported that Chief Business Officer Steve Cashman sold Class A Common Stock in two open-market transactions. He sold 104,781 shares on June 5, 2026, and 294,680 shares on June 8, 2026, as disclosed in the Form 4 filing.

How many Butterfly Network (BFLY) shares did Steve Cashman sell in total?

Steve Cashman sold a total of 399,461 shares of Butterfly Network Class A Common Stock. The Form 4 shows 104,781 shares sold on June 5, 2026, and 294,680 shares sold on June 8, 2026, through open-market transactions.

At what prices did Steve Cashman sell Butterfly Network (BFLY) shares?

Steve Cashman’s Butterfly Network share sales used weighted average prices. On June 5, 2026, the weighted average sales price was $4.964 per share. On June 8, 2026, the weighted average sales price was $4.66 per share, within disclosed price ranges.

How many Butterfly Network (BFLY) shares does Steve Cashman hold after the sales?

After the reported sales, Steve Cashman directly holds 1,630,407 shares of Butterfly Network Class A Common Stock. This post-transaction holding is disclosed in the Form 4 as the total shares beneficially owned following the June 8, 2026 transaction.

What price ranges are disclosed for Steve Cashman’s Butterfly Network (BFLY) sales?

Footnotes state the June 5, 2026 sales occurred between $4.90 and $5.025 per share, and the June 8, 2026 sales occurred between $4.610 and $4.735 per share. The reported transaction prices are weighted averages across these ranges.