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Glenview now at 4.8% Butterfly (NASDAQ: BFLY) stake

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(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Butterfly Network, Inc. shareholder filings show updated beneficial ownership for Glenview Capital Management, LLC and Larry Robbins. Glenview reports 11,743,530 shares of Class A common stock with shared voting and dispositive power, representing 4.8% of the class based on 244,858,246 shares outstanding as of July 24, 2026; as of August 13, 2026, Glenview ceased to be a beneficial owner of more than five percent of the class. Larry Robbins reports aggregate beneficial ownership of 15,120,314 shares, or 6.17% of the class, including shares held through Glenview Funds and Longview Investors LLC, plus stock options and unvested restricted stock units. On June 22, 2026, Robbins was granted 25,447 restricted stock units that vest in full at the 2027 Annual Stockholders Meeting, subject to his continued board service.

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Glenview beneficial ownership 11,743,530 shares Shares of Butterfly Network Class A common stock with shared voting and dispositive power
Glenview ownership percentage 4.8 % Percent of Butterfly Network Class A common stock based on 244,858,246 shares outstanding as of July 24, 2026
Larry Robbins beneficial ownership 15,120,314 shares Aggregate beneficially owned Butterfly Network Class A common shares
Robbins ownership percentage 6.17 % Percent of class including shares Robbins has the right to acquire under Rule 13d-3(d)(1)(i)
Shares outstanding baseline 244,858,246 shares Butterfly Network Class A common stock outstanding as of July 24, 2026
Robbins stock options 21,645 shares Shares of common stock Larry Robbins has the right to acquire upon exercise of stock options
Robbins restricted stock units 25,447 shares Unvested RSUs granted June 22, 2026, vesting at the 2027 Annual Stockholders Meeting
Longview Investors holdings 2,964,187 shares Shares of common stock held directly by Longview Investors LLC included in Robbins’ shared power
beneficial owner financial
"As of August 13, 2026, Glenview ceased to be the beneficial owner of more than five percent"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
shared voting power financial
"Shared voting power includes 11,743,530 shares of Common Stock held directly by the Glenview Funds"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive power financial
"Shared dispositive power includes 11,743,530 shares of Common Stock held directly by the Glenview Funds"
restricted stock units financial
"Mr. Robbins was granted 25,447 shares of unvested restricted stock units, each representing the right"
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.
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

FAQ

What percentage of Butterfly Network (BFLY) does Glenview Capital currently report owning?

Glenview Capital Management, LLC reports beneficial ownership of 11,743,530 shares of Butterfly Network Class A common stock, representing 4.8% of the class. This percentage is based on 244,858,246 shares outstanding as of July 24, 2026.

When did Glenview Capital fall below 5% ownership of Butterfly Network (BFLY)?

As of August 13, 2026, Glenview Capital Management, LLC ceased to be the beneficial owner of more than five percent of Butterfly Network’s Class A common stock. This status change is explicitly stated in the Schedule 13D amendment.

How many Butterfly Network (BFLY) shares does Larry Robbins beneficially own and what is his percentage?

Larry Robbins reports aggregate beneficial ownership of 15,120,314 shares of Butterfly Network Class A common stock, representing 6.17% of the class. This figure includes shares he may acquire via options and restricted stock units.

What equity award did Larry Robbins receive from Butterfly Network (BFLY) in 2026?

On June 22, 2026, Larry Robbins was granted 25,447 restricted stock units, each representing one share of common stock upon vesting. They vest in full at the Issuer’s 2027 Annual Stockholders Meeting, subject to his continued board service.

What are the key components of Larry Robbins’ beneficial ownership in Butterfly Network (BFLY)?

Larry Robbins’ beneficial ownership includes 11,743,530 shares held by Glenview Funds, 2,964,187 shares held by Longview Investors LLC, 21,645 shares issuable upon option exercise, and 25,447 unvested RSUs, totaling 15,120,314 shares.

What share count did Butterfly Network (BFLY) report as outstanding for these ownership calculations?

The ownership percentages are calculated using 244,858,246 shares of Butterfly Network Class A common stock outstanding as of July 24, 2026, as reported in the company’s Form 10-Q filed on July 30, 2026.

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

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124155102

(CUSIP Number)
Mark Horowitz
Glenview Capital Management, LLC, 520 Madison Avenue, 33rd Floor
New York, NY, 10022
(212) 812-4700

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/13/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Shared voting power and shared dispositive power includes 11,743,530 shares of Common Stock held directly by the Glenview Funds. (2) Percent of class is calculated based on 244,858,246 shares of Common Stock outstanding as of July 24, 2026, as reported in the Issuer's Form 10-Q filed on July 30, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
(3) Sole voting power and sole dispositive power includes (i) 21,645 shares of Common Stock that Mr. Robbins has the right to acquire upon exercise of stock options and (ii) 25,447 shares of Common Stock underlying unvested restricted stock units that were granted to Mr. Robbins, which vest in full on the date of the Issuer's 2027 Annual Stockholders Meeting, subject to Mr. Robbins' continued service on the Issuer's board of directors on such date. (4) Shared voting power and shared dispositive power includes (i) 11,743,530 shares of Common Stock held directly by the Glenview Funds and (ii) 2,964,187 shares of Common Stock held directly by Longview Investors LLC. (5) Percent of class is calculated based on 244,858,246 shares of Common Stock outstanding as of July 24, 2026, as reported in the Issuer's Form 10-Q filed on July 30, 2026, plus the shares of Common Stock the Reporting Person has the right to acquire, which shares have been added to the total shares outstanding in accordance with Rule 13d-3(d)(1)(i) under the Act.


SCHEDULE 13D


GLENVIEW CAPITAL MANAGEMENT, LLC
Signature:/s/ Mark J. Horowitz
Name/Title:Mark J. Horowitz, President
Date:08/17/2026
ROBBINS LARRY
Signature:/s/ Mark J. Horowitz
Name/Title:Mark J. Horowitz, attorney-in-fact for Larry Robbins
Date:08/17/2026