Butterfly Network (NYSE: BFLY) insider logs Rule 10b5-1 share sales
Rhea-AI Filing Summary
Butterfly Network, Inc. director and 10% owner Jonathan M. Rothberg, Ph.D., reported multiple sales of Class A common stock executed indirectly through family-related LLC trusts. On 11/24/2025 and 11/25/2025, entities EJR TR, LLC, JNR TR, LLC and GBR TR, LLC each sold 370,193 and then about 224,9xx Class A shares at weighted average prices of about $3.15 and $3.27 per share under transaction code “S.” On 11/26/2025, NVR TR, LLC sold 442,539 Class A shares at a weighted average price of about $3.13 per share. The filing states these trades were made under a Rule 10b5‑1 trading plan adopted on March 5, 2025 for estate planning purposes, and that Dr. Rothberg disclaims beneficial ownership of the securities held by the various entities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 442,539 | $3.13 | $1.39M |
| Sale | Class A Common Stock | 224,920 | $3.27 | $735K |
| Sale | Class A Common Stock | 224,919 | $3.27 | $735K |
| Sale | Class A Common Stock | 224,919 | $3.27 | $735K |
| Sale | Class A Common Stock | 370,193 | $3.15 | $1.17M |
| Sale | Class A Common Stock | 370,193 | $3.15 | $1.17M |
| Sale | Class A Common Stock | 370,193 | $3.15 | $1.17M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2025 for estate planning purposes. Represents the weighted average sales price per share. The shares sold at prices ranging from $3.07 to $3.15 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. Dr. Rothberg is the Manager of 4C Holdings I, LLC, 4C Holdings II, LLC, 4C Holdings III, LLC, 4C Holdings IV, LLC, 4C Holdings V, LLC, NVR TR, LLC, JNR TR, LLC, JAR TR, LLC, GBR TR, LLC and EJR TR, LLC, and is the spouse of Bonnie E Gould Rothberg MD. Dr. Rothberg disclaims beneficial ownership of the securities held by these persons and entities except to the extent of his pecuniary interest therein. Represents the weighted average sales price per share. The shares sold at prices ranging from $3.16 to $3.27 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 $3.13 to $3.37 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. Includes shares of Class B common stock previously held by 4C Holdings I, LLC that were distributed for estate planning purposes to NVR TR, LLC, JNR TR, LLC, GBR TR, LLC and EJR TR, LLC.
FAQ
What did Butterfly Network (BFLY) report in this Form 4 filing?
The Form 4 reports that Jonathan M. Rothberg, Ph.D., a director and 10% owner of Butterfly Network, Inc., indirectly sold multiple blocks of Class A common stock through several LLC trusts over three days in late November 2025.
Were the Butterfly Network insider sales made under a Rule 10b5-1 trading plan?
Yes. The filing states that the transactions were effected pursuant to a Rule 10b5‑1 trading plan adopted by the reporting person on March 5, 2025 for estate planning purposes.
What ongoing indirect holdings in Butterfly Network does the Form 4 disclose?
The Form 4 lists substantial remaining indirect holdings of both Class A and Class B common stock through entities including 4C Holdings I–V, LLC, NVR TR, LLC, JNR TR, LLC, JAR TR, LLC, GBR TR, LLC, EJR TR, LLC and others.
What does transaction code "S" mean in this Butterfly Network Form 4?
In this Form 4 table, transaction code "S" indicates open market or private sale of securities, applied to each reported sale of Class A common stock by the LLC trusts.