Butterfly Network (BFLY) Form 4: Officer Purchases 50,000 Class A Shares

Rhea-AI Filing Summary

Steve Cashman, Chief Business Officer of Butterfly Network, Inc. (BFLY), reported two purchases on 08/25/2025. He acquired 4,709 shares at $1.63 and 45,291 shares at $1.64. Following these transactions his reported direct beneficial ownership is 2,324,474 Class A common shares. The Form 4 was signed by an attorney-in-fact on 08/27/2025.

Positive

• Insider purchases totaling 50,000 Class A shares were reported, which increases the reporting officer's direct stake to 2,324,474 shares.
• Form 4 includes required details: transaction dates, prices, amounts, and direct ownership, and is signed by an authorized representative.

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchases reported; modest-sized open-market buys increase direct holdings.

The filing shows two open-market purchase transactions by the Chief Business Officer totaling 50,000 Class A shares at roughly $1.63–$1.64 each, increasing his direct holdings to 2.32 million shares. From a financial perspective, these are routine Section 16 disclosures of insider purchases and do not, by themselves, disclose company performance, financing, or material corporate events.

Corporate Governance Expert

TL;DR: Proper Section 16 reporting appears timely and complete for the disclosed transactions.

The Form 4 identifies the reporting person, role (Chief Business Officer), transaction dates, codes, prices, and resulting direct ownership. The signature by an attorney-in-fact is included. The filing contains the required details for these non-derivative acquisitions and does not indicate amendments or other governance issues.

Insider Trade Summary

Net Buyer: 50,000 shares

Net Buy 2 txns

Insider Cashman Steve

Role Chief Business Officer

Bought 50,000 shs ($82K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	4,709	$1.63	$8K
Purchase	Class A Common Stock	45,291	$1.64	$74K

Holdings After Transaction: Class A Common Stock — 2,324,474 shares (Direct)

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/27/2025 - 08:56 AM Learn about SEC filing dates

FAQ

What transactions did Steve Cashman report on the BFLY Form 4?

He reported two open-market purchases on 08/25/2025: 4,709 shares at $1.63 and 45,291 shares at $1.64.

How many BFLY shares does the reporting person beneficially own after the transactions?

The Form 4 reports 2,324,474 Class A common shares beneficially owned following the transactions.

What is the reporting person's role at Butterfly Network (BFLY)?

The reporting person is listed as a Director and Officer, specifically the Chief Business Officer.

When was the Form 4 signed?

The Form 4 shows a signature by an attorney-in-fact dated 08/27/2025.

Do the transactions involve derivative securities?

No. The filing shows only non-derivative acquisitions of Class A common stock; Table II for derivatives is empty.

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 MA 01803

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	08/25/2025		P		4,709	A	$1.63	2,279,183	D
Class A Common Stock	08/25/2025		P		45,291	A	$1.64	2,324,474	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:

	/s/ Nick Caezza, Attorney-in-Fact	08/27/2025
	** 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.