[Form 4] Butterfly Network, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ROBBINS LARRY reported acquisition or exercise transactions in this Form 4 filing.
Butterfly Network director Larry Robbins received a grant of 25,447 restricted stock units (RSUs) as his annual equity award for nonemployee directors. Each RSU represents one share of Class A common stock and was granted at a price of $0.00 per share.
The RSUs vest in full on the date of Butterfly Network’s 2027 Annual Stockholders Meeting, subject to Robbins’ continued service on the Board. Following this award, he directly holds 390,952 shares of Class A common stock.
Additional indirect holdings are reported for entities associated with Robbins, including shares held by Glenview Investment Funds and Longview Investors LLC, over which he shares voting and dispositive power and may be deemed to beneficially own, while disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
ROBBINS LARRY
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 25,447 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 390,952 shares (Direct, null);
Class A Common Stock — 14,335,055 shares (Indirect, See footnotes)
Footnotes (1)
- Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of Class A common stock upon vesting. The RSUs were issued to the Reporting Person as the annual grant to nonemployee directors pursuant to the Issuer's Amended and Restated Nonemployee Director Compensation Policy for services to be rendered to the Issuer as a member of its Board of Directors. The RSUs vest in full on the date of the Issuer's 2027 Annual Stockholders Meeting, subject to the Reporting Person's continued service on the Board of Directors on such date. Glenview Capital Master Fund, Ltd., Glenview Offshore Opportunity Master Fund, Ltd. and Glenview Healthcare Master Fund, L.P. (the "Glenview Investment Funds") are the record holders of these shares. Mr. Robbins is the Founder, Portfolio Manager and CEO of Glenview Capital Management, LLC, which serves as investment manager to each of the Glenview Investment Funds. Mr. Robbins shares voting and dispositive power over the shares held by the Glenview Investment Funds and may be deemed to beneficially own such shares. Longview Investors LLC ("Longview"), or its affiliates, is the record holder of these securities. Mr. Robbins is the managing member of Longview. Mr. Robbins shares voting and dispositive power over the securities held by Longview and may be deemed to beneficially own such securities. Mr. Robbins disclaims beneficial ownership over any securities owned by Longview and the Glenview Investment Funds other than to the extent of any pecuniary interest he may have therein.
Key Figures
RSU grant size: 25,447 RSUs
Grant price: $0.00 per share
Direct holdings after grant: 390,952 shares
+3 more
6 metrics
RSU grant size
25,447 RSUs
Annual grant to nonemployee director Larry Robbins
Grant price
$0.00 per share
RSUs issued under nonemployee director compensation policy
Direct holdings after grant
390,952 shares
Class A common stock held directly by Robbins after transaction
Indirect Glenview holdings
4,546,687 shares
Class A common stock held by Glenview Investment Funds
Indirect Longview holdings
14,335,055 shares
Class A common stock held by Longview Investors LLC or affiliates
Vesting date
Issuer’s 2027 Annual Stockholders Meeting
RSUs vest in full on this meeting date
Key Terms
restricted stock units ("RSUs"), Amended and Restated Nonemployee Director Compensation Policy, beneficially own, voting and dispositive power, +1 more
5 terms
restricted stock units ("RSUs") financial
"Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Amended and Restated Nonemployee Director Compensation Policy financial
"The RSUs were issued ... pursuant to the Issuer's Amended and Restated Nonemployee Director Compensation Policy..."
beneficially own financial
"Mr. Robbins shares voting and dispositive power ... and may be deemed to beneficially own such shares."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
voting and dispositive power financial
"Mr. Robbins shares voting and dispositive power over the shares held by the Glenview Investment Funds..."
pecuniary interest financial
"Mr. Robbins disclaims beneficial ownership ... other than to the extent of any pecuniary interest he may have therein."
FAQ
What did Larry Robbins receive in this Butterfly Network (BFLY) Form 4?
Larry Robbins received 25,447 restricted stock units (RSUs) of Butterfly Network Class A common stock as an annual equity grant for nonemployee directors, with each RSU representing one share upon vesting, granted at a price of $0.00 per share.
When do Larry Robbins’s new Butterfly Network RSUs vest?
The 25,447 RSUs granted to Larry Robbins vest in full on the date of Butterfly Network’s 2027 Annual Stockholders Meeting, provided he continues serving on the Board of Directors through that meeting, according to the company’s nonemployee director compensation policy.
What indirect Butterfly Network holdings are associated with Larry Robbins?
The filing reports indirect holdings through Glenview Investment Funds and Longview Investors LLC, where Robbins shares voting and dispositive power and may be deemed to beneficially own the securities, while disclaiming beneficial ownership beyond any pecuniary interest he may have in those entities.
Is Larry Robbins’s RSU grant a market purchase of Butterfly Network stock?
No, the 25,447 Butterfly Network RSUs reported for Larry Robbins are a compensation-related grant under the nonemployee director compensation policy, awarded at $0.00 per share, not an open-market purchase of Class A common stock.