Butterfly Network (BFLY) CFO logs automatic sell-to-cover stock sale

Rhea-AI Filing Summary

Butterfly Network, Inc. executive vice president and chief financial officer John N. Doherty reported an automatic sale of company stock tied to tax withholding. On January 7, 2026, he sold 60,182 shares of Class A common stock at a weighted average price of $3.98 per share, with individual sale prices ranging from $3.915 to $4.055. According to the company’s “sell-to-cover” policy, these sales were made only to cover tax obligations arising from the vesting of restricted stock units and were not at his discretion. After the transaction, Doherty beneficially owned 1,234,688 shares of Butterfly Network Class A common stock.

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
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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^*

Doherty John N.

(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)
	EVP, CFO

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026

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	01/07/2026		S(1)		60,182	D	$3.98(2)	1,234,688	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 $3.915 to $4.055 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	01/09/2026
	** 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.

FAQ

What insider transaction did Butterfly Network (BFLY) report for its CFO?

Butterfly Network reported that executive vice president and chief financial officer John N. Doherty sold 60,182 shares of Class A common stock on January 7, 2026.

At what price did the Butterfly Network (BFLY) CFO sell his shares?

The CFO’s sale had a weighted average price of $3.98 per share, with individual trades executed at prices ranging from $3.915 to $4.055 per share.

Why did the Butterfly Network (BFLY) CFO sell shares on January 7, 2026?

The company stated it has a “sell-to-cover” policy, and the reported sales represent shares sold to satisfy tax withholding obligations tied to the vesting of restricted stock units, executed automatically and not at the CFO’s discretion.

How many Butterfly Network (BFLY) shares does the CFO hold after the reported sale?

Following the January 7, 2026 transaction, John N. Doherty beneficially owned 1,234,688 shares of Butterfly Network Class A common stock.

What type of security was involved in the Butterfly Network (BFLY) insider transaction?

The transaction involved Class A common stock of Butterfly Network, Inc., reported as a sale under transaction code S in the non-derivative securities table.

Was the Butterfly Network (BFLY) CFO’s sale discretionary?

No. The footnote explains that the sale was carried out under the issuer’s automatic sell-to-cover policy to cover tax withholding on restricted stock unit vesting, and was not at the discretion of the reporting person.