Butterfly CAO sells shares to cover RSU taxes

Butterfly Network, Inc. CAO and SVP, Finance Megan Carlson reported an automatic sale of shares to cover taxes on vested restricted stock units.

Rhea-AI Filing Summary

Butterfly Network, Inc. CAO and SVP, Finance Megan Carlson reported an automatic sale of shares to cover taxes on vested restricted stock units. She sold 41,303 shares of Class A Common Stock at a weighted average price of $7.964 per share under the company’s sell-to-cover policy and now holds 465,906 shares directly.

Insider Trade Summary

Net Seller: 41,303 shares

Net Sell 1 txn

Insider Carlson Megan

Role CAO and SVP, Finance

Sold 41,303 shs ($329K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	41,303	$7.964	$329K

Holdings After Transaction: Class A Common Stock — 465,906 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 $7.83 to $8.10 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: 41,303 shares Weighted average sale price: $7.964 per share Price range: $7.83 to $8.10 per share +1 more

4 metrics

Shares sold 41,303 shares Class A Common Stock sold on 2026-07-02

Weighted average sale price $7.964 per share Automatic sell-to-cover transaction

Price range $7.83 to $8.10 per share Range of individual sale prices noted in footnote

Shares owned after transaction 465,906 shares Direct holdings after the reported sale

Key Terms

sell-to-cover, restricted stock units, weighted average sales price

3 terms

sell-to-cover financial

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

Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.

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 financial

"Represents the weighted average sales price per share"

FAQ

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

What insider transaction did Butterfly Network (BFLY) report for Megan Carlson?

Butterfly Network CAO and SVP, Finance Megan Carlson reported selling 41,303 shares of Class A Common Stock. The sale was linked to vested restricted stock units and executed automatically under the company’s sell-to-cover policy to cover tax withholding obligations.

At what price did Megan Carlson sell Butterfly Network (BFLY) shares?

Megan Carlson sold 41,303 Butterfly Network shares at a weighted average price of $7.964. The footnotes state individual sale prices ranged from $7.83 to $8.10 per share, with detailed trade breakdowns available upon request from the company or regulators.

Why did Megan Carlson’s Butterfly Network (BFLY) shares get sold?

The shares were sold to satisfy tax withholding obligations tied to the vesting of restricted stock units. Butterfly Network has a sell-to-cover policy, so these sales occurred automatically and were not made at Carlson’s discretion as an open-market investment decision.

How many Butterfly Network (BFLY) shares does Megan Carlson hold after the sale?

After the reported transaction, Megan Carlson directly holds 465,906 shares of Butterfly Network Class A Common Stock. This post-transaction balance reflects her remaining equity position following the automatic sale of 41,303 shares executed to cover associated tax withholding obligations.

Was Megan Carlson’s Butterfly Network (BFLY) sale a discretionary open-market trade?

No, the Form 4 footnote explains the sale resulted from Butterfly Network’s sell-to-cover policy. Shares were sold automatically to cover tax withholding on vested restricted stock units, meaning the transaction was compensation-related rather than a discretionary open-market investment decision.

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

Accepted by SEC EDGAR 07/07/2026 - 04:10 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^*

Carlson Megan

(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)
	CAO and SVP, Finance

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026

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	07/02/2026		S(1)		41,303	D	$7.964(2)	465,906	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 $7.83 to $8.10 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	07/07/2026
	** 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)